Title:Efficient risk sharing with limited commitment and storage Author(s):ABRAHAM, Arpad; LACZÓ, SaroltaDate:2018Citation:
- Review of economic studies, 2018, Vol. 85, No. 3, pp. 1389-1424
Type:ArticleAbstract:We extend the model of risk sharing with limited commitment by introducing both a public and a private (unobservable and/or non-contractible) storage technology. Positive public storage relaxes future participation ...