Risk sharing in an asymmetric environment
We study the effect of an asymmetric environment on risk sharing. In our model, entrepreneurs consider undertaking risky projects in the real sector as well as selling part of their projects to investors. To capture the idea of an asymmetric environment, the returns on the alternative risk-free inve...
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التنسيق: | text |
اللغة: | English |
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Institutional Knowledge at Singapore Management University
2014
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الموضوعات: | |
الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/cis_research_all/6 https://ink.library.smu.edu.sg/context/cis_research_all/article/1005/viewcontent/1_s2.0_S1059056014000811_main.pdf |
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