formal insurance in a setting where donors make redistributive transfers to anonymously paired recipients. We find that … of formal insurance may erode norms of giving and lead vulnerable groups to face more volatile consumption. …

formal insurance in a setting where donors make redistributive transfers to anonymously paired recipients. We find that … of formal insurance may erode norms of giving and lead vulnerable groups to face more volatile consumption. …

which lack formal insurance and credit markets. I develop a theory of endogenous matching between heterogeneously risk …

risk shows that informal networks lower the demand for formal insurance only if the network indemnifies against aggregate … risk, but not if its primary role is to insure against farmer-specific losses. When formal insurance carries basis risk …