for firms. We rationalize these findings in a model of risk sharing between a risk-averse firm and workers with limited …

We develop a structural model of the global banking network and analyze its role in facilitating risk sharing and … explains variation in risk sharing and amplification across countries. Moreover, we show that cross‐border loan supply has … become less elastic over time, resulting in a decline in risk sharing. While shock amplification has also declined on average …

, which encompasses issues such as risk sharing and principal-agent dilemmas. Regret utility is set so that its risk aversion …

We study the impact of incomplete consumption risk-sharing on land misallocation in rural economies. We develop a … shocks and insure themselves by participating in a risk-sharing arrangement. Incomplete insurance distorts households … panel data from rural India, we quantify the losses attributable to limited risk-sharing. Completing insurance markets leads …