Stable coalitions in a continuous-time model of risk sharing
(2005)
Journal Article
Chade, H., & Taub, B. (2005). Stable coalitions in a continuous-time model of risk sharing. Mathematical Social Sciences, 50(1), 24-38. https://doi.org/10.1016/j.mathsocsci.2005.02.001
In an economy with a continuum of individuals, each individual has a stochastic, continuously evolving endowment process. Individuals are risk-averse and would therefore like to insure their endowment processes. It is feasible to obtain insurance by... Read More about Stable coalitions in a continuous-time model of risk sharing.