In economies where resources are uncertain, risk sharing mechanisms enable to reallocate goods for consumption in a more efficient way than resources are. Nevertheless, efficiency requires complete markets. Since the seminal paper of Townsend (1994) who rejected the hypothesis of complete...

The objectives: 1) To increase interaction between researchers on all continents who share an interest in issues related to dynamic risk sharing: - Dynamic contracting (optimal compensation schemes, delegated portfolio management,...) - Dynamic risk measures, risk sharing implications - Risk...