welfare in small village economies. We calibrate the key parameters of a dynamic limited commitment model using data gathered … the model using the treatment sample. The limited commitment model enriched to allow for unobserved heterogeneity in …

limited commitment model.  Endogenising group formation requires that any risk-sharing arrangement is not only stable with … predictions of the dynamic limited commitment model for efficient bilateral risk-sharing.  Firstly, consumption of constrained … formal test for the presence of endogenous group formation under limited commitment.  In addition, we show how this test can …

when perfect risk sharing is not achieved. Keywords: informal insurance, limited commitment, risk preferences, riskiness … environment. Informal insurance is modeled by risk sharing with limited commitment (Thomas and Worrall, 1988; Kocherlakota, 1996 … the risk sharing with limited commitment model. It shows, by way of a numerical example, that, if the level of cooperation …

This paper examines the effects of income inequality in a risk sharing model with limited commitment, that is, when …

We develop a dynamic general equilibrium model with two-sided limited commitment to study how barriers to competition …

This paper presents results from a randomized …eld experiment to test for the impor- tance of limited commitment (due … result consistent with the presence of limited commitment. I …nd no di¤erence in transfers for men, likely because the … shocks were too small to cause the limited commitment constraint to bind for them. …

taking into account limited commitment risk-sharing fixed exchange rates or currency areas can dominate flexible exchange …

taking into account limited commitment risk-sharing fixed exchange rates or currency areas can dominate flexible exchange …