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Risk, institutions and growth: Why England and not China?
Greif, Avner; Iyigun, Murat; Sasson, Diego - 2011
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …
Persistent link: https://www.econbiz.de/10010278525
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Economic behavior: Evolutionary vs. behavioral perspectives
Witt, Ulrich - 2010
An evolutionary perspective on economic behavior has to account for the influences that the human genetic endowment has on the choices the agents make. Likely to have been fixed in times of fierce selection pressure, this endowment is presumably adapted to the living conditions of early humans....
Persistent link: https://www.econbiz.de/10010286736
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Entrepreneurial Activities : A Microeconomic Analysis
Fon, Vincy - 2008
People have different preferences for performing entrepreneurial activities. These differences can be influenced by actions of the state. Special attention is paid to examine the individual behavior in choosing employed work or entrepreneurial activities. Individual supply of entrepreneurial...
Persistent link: https://www.econbiz.de/10012723780
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On the Optimal Size of a Joint Savings Association
Stark, Oded; Budzinski, Wiktor; Jakubek, Marcin; … - 2022
We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure...
Persistent link: https://www.econbiz.de/10014081869
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On The Optimal Size of A Joint Savings Association
Stark, Oded; Budzinski, Wiktor; Jakubek, Marcin; … - 2022
We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure...
Persistent link: https://www.econbiz.de/10013406012
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On the optimal size of a joint savings association
Stark, Oded; Budziński, Wiktor; Jakubek, Marcin; … - 2022
We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure...
Persistent link: https://www.econbiz.de/10013270242
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On the optimal size of a joint savings association
Stark, Oded; Budziński, Wiktor; Jakubek, Marcin; … - 2022
We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure...
Persistent link: https://www.econbiz.de/10013252891
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Reputation, Trust and the Logic of Group Lending
Guttman, Joel M. - 2010
This paper analyzes the interaction between the success of group lending institutions and the stock of social capital … program. Similarly, there are conditions under which success of the group lending program can enhance the development of trust …
Persistent link: https://www.econbiz.de/10013137899
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Corruption
Banerjee, Abhijit V.; Mullainathan, Sendhil; Hanna, Rema - 2012
In this paper, we provide a new framework for analyzing corruption in public bureaucracies. The standard way to model corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the eradication of corruption as the final goal. We...
Persistent link: https://www.econbiz.de/10009540755
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The political economy of corruption and the role of financial institutions
Boerner, Kira; Hainz, Christa - 2004
positions. In a probabilistic voting model, we show that a lack of financial institutions can lead to more corruption as more … voters become part of the corrupt system. Well-functioning financial institutions, in turn, can increase the political …
Persistent link: https://www.econbiz.de/10010261273