Symmetry in Models with Pure and Almost Pure Individual Risks

This paper investigate the existence of asymmetric equilibria in a pure exchange economy with individual risks. The model is an extension of Malinvaud's (1973). Agents face identical pure individual risks: their endowments and utility functions only depend on their individual state; but there exists one good for which some aggregate component of the risk is introduced through endowments: individual risks are 'almost pure'.

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Year of publication:	1997
Authors:	Cres, H. ; Rossi, I.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	GENERAL EQUILIBRIUM \| RISK

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	36 pages
Classification:	D50 - General Equilibrium and Disequilibrium. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776561