期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2009
卷号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：This paper studies the problem of redistribution between individuals having
different mortality rates. We use a continuous time model in which there are two
types of individuals characterized by different survival probability paths. Individual
preferences are represented by a generalized life cycle utility function which can
exhibit temporal risk aversion. We successively compare utilitarian allocations
when individuals exhibit temporal risk neutrality and temporal risk aversion. This
problem is analyzed successively in the context of full information and asymmetric
information on mortality rates.
