Protecting Losers: Optimal Diversification, Insurance, and Trade Policy
收藏NBER1991-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3773
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资源简介：
This paper derives a portfolio diversification rationale for a trade policy regime that insures returns to nondiversifiable human capital investment. In the absence of complete insurance markets for human capital, the decentralized equilibrium is characterized by excessive specialization. The
提供机构：
美国国家经济研究局
创建时间：
1991-07-01
