Extended Supplement to “Insurance and Inequality with Persistent Private Information”

Alex Bloedel, R. Vijay Krishna and Oksana Leukhina

No 2025-012, Working Papers from Federal Reserve Bank of St. Louis

Abstract: This supplement contains auxiliary technical results and proofs omitted from Bloedel, Krishna, and Leukhina (2025) (henceforth BKL) and its Supplemental Appendix (henceforth SA). First, Section I proves parts (a)–(c) and (e)–(f) of Theorem 3 from Appendix B.1 of BKL. (Part (d) of Theorem 3 is proved in SA-E.1 of BKL.) Second, Section J proves Proposition 3.2 from Section 3.3 of BKL and Lemma B.2 from Appendix B.2 of BKL. Finally, Section K proves supporting facts for Properties (a)–(e) from Section 5.2 of BKL. Throughout, we follow the numbering and labeling conventions from BKL and its SA.

Keywords: immiseration; insurance; inequality; backloaded incentives; recursive contracts; persistent private information (search for similar items in EconPapers)
JEL-codes: C73 D30 D31 D80 D82 E61 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2025-05-14
Note: Extended supplement to Econometrica article: https://doi.org/10.3982/ECTA20404. Related working paper: https://doi.org/10.20955/wp.2018.020
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DOI: 10.20955/wp.2025.012

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