منابع مشابه
Optimal Risk Sharing with Unenforceable Contracts and Costly Transfers
The goal of this paper is to analyze the extent of international risk sharing in the presence of trade costs and credit constraints, focusing on three issues : how the frictions play, how they interact and whether they can be disentangled empirically. I build a simple model of a two-country endowment economy featuring both shipping costs and non-enforceable financial contracts. In a recursive c...
متن کاملPublic versus private risk sharing
Can public income insurance through progressive income taxation improve the allocation of risk in an economy where private risk sharing is incomplete? The answer depends crucially on the fundamental friction that limits private risk sharing in the first place. If risk sharing is limited because insurance markets are missing for model-exogenous reasons (as in Bewley, 1986) publicly provided risk...
متن کاملPublic Transfers and Marital Dissolution
In this paper we analyse determinants of marital dissolution. The focus is on the alleged influence from public transfers, including governmental transfers directed towards divorced families, child allowance, and child support awards. We use a Norwegian panel of 2.800 couples who were married in 1989, together with a broad range of socio-economic variables, including (expected) public and priva...
متن کاملAssessing the Impact of Public Transfers on Private Risk Sharing Arrangements: Evidence from a Randomized Experiment in Mexico
We adopt a structural estimation approach to studying the effects of public transfers on consumption smoothing, risk sharing and welfare in small village economies. We estimate the key parameters of a dynamic limited commitment model using data gathered as part of the Mexican Progresa program, and take advantage of the randomized experimental design of the data to validate the model using the t...
متن کاملA Public Bicycle Sharing System Considering Renting and Middle Stations
Recently, public bicycle sharing system (PBSS) has become one of the most favorite urban transportation systems that can help governments to decrease environmental problems such as pollution and traffic. This paper studies a sharing system that includes two types of stations. The first category contains stations that users can rent or return back bicycles and each bicycle can be rented by any n...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2003
ISSN: 0013-0133,1468-0297
DOI: 10.1111/1468-0297.00116