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We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … of data from Pakistan villages. Empirical results are consistent with the economic arguments. Incentive constraints due …
Persistent link: https://www.econbiz.de/10013316985
We develop and estimate a model of dynamic interactions where conmmitment is limited and contracts are incomplete to … through both formal contracts and informal agreements, that is, agreements specifying voluntary transfers that need to be self …-enforceable. This theoretical setting nests the case of complete markets when all riks can be insured by formal contracts and the case …
Persistent link: https://www.econbiz.de/10005773022
We develop and estimate a model of dynamic interactions between households where commitment is limited and contracts …. Households can insure through both formal contracts and informal agreements, that is, agreements specifying voluntary transfers … estimate the model with the use of data from Pakistan villages. Empirical results are consistent with the economic arguments …
Persistent link: https://www.econbiz.de/10005566519
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … of data from Pakistan villages. Empirical results are consistent with the economic arguments. Incentive constraints due …
Persistent link: https://www.econbiz.de/10005123633
We develop and estimate a model of dynamic interactions where commitment is limited and contracts are incomplete to … through both formal contracts and informal agreements, that is, agreements specifying voluntary transfers that need to be self … of data from Pakistan villages. Empirical results are consistent with the economic arguments. Incentive constraints due …
Persistent link: https://www.econbiz.de/10005504414
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … of data from Pakistan villages. Empirical results are consistent with the economic arguments. Incentive constraints due …
Persistent link: https://www.econbiz.de/10005405774
Persistent link: https://www.econbiz.de/10003413701
Persistent link: https://www.econbiz.de/10003630524
This paper considers the statistical analysis of large panel data sets where even afterconditioning on common observed effects the cross section units might remain dependentlydistributed. This could arise when the cross section units are subject to unobserved commoneffects and/or if there are...
Persistent link: https://www.econbiz.de/10008939756
Persistent link: https://www.econbiz.de/10005767491