The tradeoff between social insurance and aggregate fluctuations

Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information

Michael Rothschild, Joseph E. Stiglitz · The Quarterly Journal of Economics · 1976 · 5K citations

Social Sciences, Economics, Insurance +17

Formulating and estimating dynamic linear rational expectations models

Lars Peter Hansen, Thomas J. Sargent · Journal of Economic Dynamics and Control · 1980 · 862 citations · Full text

Social Sciences, Economics, Mathematics +5

On Moral Hazard and Insurance

Steven Shavell · The Quarterly Journal of Economics · 1979 · 686 citations

Business, Economics, Insurance +17

Redistributive taxation as social insurance

Hal R. Varian · Journal of Public Economics · 1980 · 601 citations · Full text

Public Affairs, Economics, Public Finance +12

The law of large numbers with a continuum of IID random variables

Kenneth L. Judd · Journal of Economic Theory · 1985 · 517 citations

Natural Sciences, Mathematics, Probability Theory +12