International Research Fellow
Nicola Pavoni gained his PhD in Mathematics for Economic Decisions in 1999, from the University of Trieste, and in Economics in 2000 from the Universitat Pompeu Fabra in Barcelona, Spain.
External web page: Bocconi
Risk sharing in private information models with asset accumulation: explaining the excess smoothness of consumption
| Working Paper
We derive testable implications of model in which first best allocations are not achieved because of a moral hazard problem with hidden saving.
Find out more