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Credit in a Random Matching Model with Private Information

Author

Listed:
  • Aiyagari, S.R.
  • Williamson, S.D.

    (University of Iowa)

Abstract

We consider a random matching model without monetary exchange where agents have complete access to each others' histories. Exchange is motivated by risk sharing given random unobservable incomes. The key feature of this environment is that information is mobile across locations even while goods are not.

Suggested Citation

  • Aiyagari, S.R. & Williamson, S.D., 1997. "Credit in a Random Matching Model with Private Information," Working Papers 97-03, University of Iowa, Department of Economics.
    • Handle: RePEc:uia:iowaec:97-03
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    References listed on IDEAS

    as
    1. Christopher Phelan & Robert M. Townsend, 1991. "Computing Multi-Period, Information-Constrained Optima," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(5), pages 853-881.
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    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation

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