When can we do better than autarky?

Guoqiang Tian and Yuzhe Zhang ()

MPRA Paper from University Library of Munich, Germany

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 Guassian 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: 2013-01, Revised 2013-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: When can we do better than autarky? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:44338

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