Closed lingdixu closed 5 years ago
in a complete markets economy each household would consumer the per capita endowment in every period
-> would consume
Later we will compare the consumption paths for each enviroment to that which would occur in the complete markets environment.
-> each environment
@jstac it looks fine
Insurance_incentives
Modification
in a complete markets economy each household would consumer the per capita endowment in every period
-> would consume
Later we will compare the consumption paths for each enviroment to that which would occur in the complete markets environment.
-> each environment