We study the quantitative properties of constrained efficient allocations in an environment where risk sharing is limited by the presence of private information. We consider a life cycle version of a standard Mirrlees economy where shocks to labor productivity have a component that is public...

This paper studies the Rothschild and Stiglitz (1976) adverse selection environment, relaxing the assumption of exclusivity of insurance contracts. Agents can engage in multiple insurance contracts simultaneously, and the terms of these contracts are not observed by other firms. Insurance...

UNiversity of Minnesota Ph.D. dissertation. July 2009. Major: Economics. Advisors: Larry E. Jones, Patrick J. Kehoe. 1 computer file (PDF) ix, 168 pages, appendix: pages 155-159