On the interaction between risk sharing and capital accumulation in a stochastic OLG model with production

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Auteur(s)

Barbie, Martin

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Description

We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimal competitive equilibrium allocations. Furthermore, we provide
tests of Pareto optimality/suboptimality based on (risky) rates of return only.

Sujets

Sciences economiques > Sciences économiques

Institution partenaire

Université de Zürich - Faculté des sciences économiques

Langue

English

Date

2007