منابع مشابه
Informal insurance in social networks
This paper studies bilateral insurance schemes across networks of individuals. While transfers are based on social norms, each individual must have the incentive to abide by those norms, and so we investigate the structure of self-enforcing insurance networks. Network links play two distinct and possibly conflictual roles. First, they act as conduits for transfers. Second, they act as conduits ...
متن کاملInformal Networks within Index Insurance: Randomizing Distance in Group Insurance
We study the effect of offering index insurance to groups versus individuals on individual’s savings and insurance decisions in a lab experiment in the field, which offers real index insurance. We also look at how the network relationships among dairy farmers in the Dominican Republics affects the demand for group index insurance. Individuals offered group insurance are exogenously grouped acco...
متن کاملSocial Insurance Networks
Social Insurance Networks Based on administrative panel data from Norway, we examine how social insurance dependency spreads within neighborhoods, families, ethnic minorities, and among former schoolmates. We use a fixed effects methodology that accounts for endogenous group formation, contextual interactions, and time-constant as well as time-varying confounders. We report evidence that social...
متن کاملFood Aid and Informal Insurance
Households in developing countries use a variety of informal mechanisms to cope with risk, including mutual support and risk-sharing. These mechanisms cannot avoid that they remain vulnerable to shocks. Public programs in the form of food aid distribution and food-for-work programs are meant to protect vulnerable households from consumption and nutrition downturns by providing a safety net. In ...
متن کاملEndogenous insurance and informal relationships
Heterogeneously risk-averse individuals who lack access to formal insurance build and use relationships with each other to manage risk. I show that the composition of equilibrium relationships under pairwise matching and when group size is endogenous is determined by a mean-variance trade-o¤ across di¤erentially risky productive opportunities, though output distributions may have in nitely-many...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2008
ISSN: 0022-0531
DOI: 10.1016/j.jet.2008.01.008