When can we do better than autarky?

Guoqiang Tian and Yuzhe Zhang ()

Economics Letters, 2013, vol. 119, issue 3, 328-331

Abstract: This paper provides a necessary and sufficient condition for the existence of nonautarkic contract in a risk sharing model with two-sided lack of commitment. Verifying the condition takes just one Gaussian elimination of a matrix.

Keywords: Lack of commitment; Risk sharing; Autarky (search for similar items in EconPapers)
JEL-codes: D82 D86 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:119:y:2013:i:3:p:328-331

DOI: 10.1016/j.econlet.2013.03.018

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