When can we do better than autarky?

This paper provides a necessary and sufficient condition for the existence of nonautarkic contract in a risk sharing model with two-sided lack of commitment. Verifying the condition takes just one Guassian elimination of a matrix.

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Year of publication:	2013-01
Authors:	Tian, Guoqiang ; Zhang, Yuzhe

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Tian, Guoqiang and Zhang, Yuzhe (2013): When can we do better than autarky? Published in: Economics Letters
Classification:	D86 - Economics of Contract: Theory ; D82 - Asymmetric and Private Information
Source:	BASE

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