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We develop a model of informal risk-sharing in social networks, where relationships between individuals can be used as social collateral to enforce insurance payments. We characterize incentive compatible risk-sharing arrangements and obtain two results. (1) The degree of informal insurance is...
Persistent link: https://www.econbiz.de/10013148100
"We develop a model of informal risk-sharing in social networks, where relationships between individuals can be used as social collateral to enforce insurance payments. We characterize incentive compatible risk-sharing arrangements and obtain two results. (1) The degree of informal insurance is...
Persistent link: https://www.econbiz.de/10003936117
Persistent link: https://www.econbiz.de/10010340881
We develop a model of informal risk-sharing in social networks, where relationships between individuals can be used as social collateral to enforce insurance payments. We characterize incentive compatible risk-sharing arrangements and obtain two results. (1) The degree of informal insurance is...
Persistent link: https://www.econbiz.de/10012462932
Persistent link: https://www.econbiz.de/10012595367
Persistent link: https://www.econbiz.de/10013205476
Persistent link: https://www.econbiz.de/10013400085
In a setting where an infinite population of players interact locally and repeatedly, we study the impacts of payoff structures and network structures on contagion of a convention. For the "bilingual game", where each player chooses one of two conventions or adopts both (i.e., chooses the...
Persistent link: https://www.econbiz.de/10013093429