Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059779 | Economics Letters | 2013 | 4 Pages |
Abstract
This paper provides a necessary and sufficient condition for the existence of nonautarkic contract in a risk sharing model with two-sided lack of commitment. Verifying the condition takes just one Gaussian elimination of a matrix.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Guoqiang Tian, Yuzhe Zhang,