Endogenous Incomplete Markets: A Production Model with Idiosyncratic Risk

This paper considers a two period general equilibrium production model with incomplete markets (GEI). The novelty of this model is the endogenous smooth asset structure introduced in Stiefenhofer (2010). It is shown that incomplete markets is a consequence of idiosyncratic risk.

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Year of publication:	2010-06
Authors:	Stiefenhofer, P
Institutions:	Department of Economics and Related Studies, University of York

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008500213