Constrained efficiency in the neoclassical growth model with uninsurable idiosyncratic shocks

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Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations (2010, background): “Dávila et al. (2005) show that the externality in capital accumulation process makes the outcome of the standard BHA model constrained inefficient, and the same effect will be at work in our setting.”
Taxing Capital? Not a Bad Idea After All! (2009, unknown): “These results are consistent with the theoretical analysis in Julio Dávila et al. (2007). 30 With this preference specification, the Frisch (constant marginal utility of wealth) labor supply elasticity is equal to (1 2 l)/s2l 5 2/3, while it was 1 in our benchmark.”
Capital Taxation: Quantitative Explorations of the Inverse Euler Equation (2012, unknown): “This notion has been applied by Davila et al. (2005) in the Aiyagari-Bewley context.”