Asset Pricing and Risk Sharing with Limited Enforcement and Heterogeneous Preferences

2017 ◽  
Author(s):  
Ding Luo
Keyword(s):  
Asset Pricing ◽  
Risk Sharing ◽  
Heterogeneous Preferences ◽  
Limited Enforcement

scholarly journals Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing

1996 ◽  
Vol 104 (3) ◽  
pp. 443-487 ◽  
Author(s):  
John Heaton ◽  
Deborah J. Lucas
Keyword(s):  
Asset Pricing ◽  
Incomplete Markets ◽  
Risk Sharing

scholarly journals Consumption risk sharing with private information and limited enforcement

2017 ◽  
Vol 23 ◽  
pp. 170-190 ◽  
Author(s):  
Tobias Broer ◽  
Marek Kapička ◽  
Paul Klein
Keyword(s):  
Private Information ◽  
Risk Sharing ◽  
Limited Enforcement ◽  
Consumption Risk

scholarly journals Testing Efficient Risk Sharing with Heterogeneous Risk Preferences: Comment

2018 ◽  
Vol 108 (10) ◽  
pp. 3104-3113 ◽  
Author(s):  
Aditya Shrinivas ◽  
Marcel Fafchamps
Keyword(s):  
Risk Sharing ◽  
Risk Preferences ◽  
Preference Heterogeneity ◽  
Test Results ◽  
Heterogeneous Preferences ◽  
Efficiency Test

Mazzocco and Saini (2012) propose and implement a test of efficient risk sharing that allows for preference heterogeneity. They motivate their approach as yielding different results from those of a standard efficiency test with homogeneous preferences. We show that the standard efficiency test results are misreported in their paper and that the correctly reported results do not present as compelling a case for the importance of accounting for heterogeneous preferences. (JEL D12, D81, G22, O12, O18, R23, Z13)

scholarly journals Asset Pricing with Limited Risk Sharing and Heterogeneous Agents

2007 ◽  
Vol 21 (1) ◽  
pp. 415-448 ◽  
Author(s):  
Francisco Gomes ◽  
Alexander Michaelides
Keyword(s):  
Asset Pricing ◽  
Risk Sharing ◽  
Heterogeneous Agents
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