Klimpel, Susanne; Requate, Till - In: The Geneva Risk and Insurance Review 25 (2000) 1, pp. 29-49
We consider a general equilibrium model with individual and collective risks. The article builds on a contribution by Chichilnisky and Heal, who show that contingent Arrow–Debreu equilibria can also be supported in economies with Arrow securities and mutual insurance contracts. However, they...