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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. Informal risk sharing arrangements are often thought to be enforced via … risk sharing arrangements, either as partially overlapping networks or as risk sharing groups. We find that both types of …
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basis risk, and (3) fair versus below-fair premium. This is the first paper to evaluate insurance schemes ... …
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