Individual risk and mutual insurance

Econometrica

Volumn 64, Issue 2, 1996, Pages 333-341

  Cass, David ^a   Chichilnisky, Graciela ^a   Wu, Ho Mou ^a  

^a NONE

Author keywords

Arrow securities; Collective risk; General equilibrium; Individual risk; Insurance; Malinvaud policies

Indexed keywords

INSURANCE;

OPTIMAL ALLOCATION;

RISKS;

EID: 0030356881     PISSN: 00129682     EISSN: None     Source Type: Journal    
DOI: 10.2307/2171785     Document Type: Article

References (10)

1. ARROW, KENNETH J. (1953): "Le Role des Valeurs Boursieres pour la Repartition la Meilleure des Risques," Econometrie, 41-47; E nglish translation as "The Role of Securities in the Optimal Allocation of Risk-bearing," Review of Economic Studies (1964), 31, 91-96.
2. ARROW, KENNETH J. (1953): "Le Role des Valeurs Boursieres pour la Repartition la Meilleure des Risques," Econometrie, 41-47; E nglish translation as "The Role of Securities in the Optimal Allocation of Risk-bearing," Review of Economic Studies (1964), 31, 91-96.
3. ARROW, KENNETH J., AND ROBERT C. LIND (1970): "Uncertainty and the Evaluations of Public Investments," American Economic Review, 53, 941-973.
4. CASS, DAVID (1991): "Incomplete Financial Markets and Indeterminacy of Competitive Equilibrium," Advances in Economic Theory, 6th World Congress, ed. by J. J. Laffont. London: MacMillan.
5. CHICHILNISKY, GRACIELA, AND HO-MOU WU (1992): "Financial Innovation and Endogenuous Default in Incomplete Asset Markets," SITE Technical Report No. 50, Stanford University.
6. DEBREU, GERARD (1959): The Theory of Value. New York: Wiley.
7. DE FINETTI, B. (1964): "Foresight: Its Logical Laws, Its Subjective Sources," in Studies in Subjective Probability, ed. by H. E. Kyburg Jr. and H. E. Smokier. New York: Wiley.
8. GEANAKOPOLOS, JOHN (1990): "An Introduction to General Equilibrium with Incomplete Asset Markets," Journal of Mathematical Economics, 19, 1-38.
9. MALINVAUD, EDMOND (1972): "The Allocation of Individual Risks in Large Markets," Journal of Economic Theory, 4, 312-328.
10. _ (1973): "Markets for an Exchange Economy with Individual Risks," Econometrica, 41, 383-410.