Testing Efficient Risk Sharing with Heterogeneous Risk Preferences: Comment
نویسندگان
چکیده
منابع مشابه
Testing Efficient Risk Sharing with Heterogeneous Risk Preferences: Semi-parametric Tests with an Application to Village Economies∗
Previous tests of efficient risk sharing have assumed that households have identical risk preferences. This assumption is equivalent to the restriction that households can pool their resources, but cannot optimally allocate them according to individual risk preferences. In this paper, we first test the hypothesis of homogeneous risk preferences and reject it. This result implies that previous t...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2018
ISSN: 0002-8282
DOI: 10.1257/aer.20170413