Der Autor zeigt in seiner Arbeit, dass Märkte von einer Vielzahl von Unsicherheitslagen durchzogen sind. Dazu zählen Unsicherheiten in marktwirtschaftlichen Kontexten (z.B. ein ruinöser Preiswettbewerb) und Unsicherheit in der marktwirtschaftlichen Zusammenarbeit (etwa Unsicherheit bezüglich...

This chapter reviews the literature identifying the different roles that family and kinship networks play in sharing risk. After a brief overview of efficient risk sharing, we discuss the channels by which households pool risk and the motives for entering in binding informal arrangements....

There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if they were purely self-interested. We qualify this view....

There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if they were purely self-interested. We qualify this view....