Achieving peace and building the institutions that will make it last require much time and effort on the part of adversaries. While making this effort, the likelihood of peace is uncertain, and preparations for conflict are ongoing. Using a model that takes such considerations into account,...

Using data from an experiment conducted in 70 Colombian communities, we investigate who pools risk with whom when trust is crucial for enforcing risk pooling arrangements. We explore the roles played by risk attitudes and social networks. Both empirically and theoretically, we find that close...

While a large literature has established that migration experience among an individual's family and community networks tends to encourage migration, there is little research investigating the mechanism by which networks exert such effects. This paper aims to determine the relative importance of...

This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main features of a simple model of voluntary insurance between two agents. In the model, two individuals interact over a potential infinite horizon and suffer random income shocks....

A single principal interacts with several agents, offering them contracts. The crucial assumption of this paper is that the outside-option payoffs of the agents depend positively on how many free agents there are (these are agents who are not under contract). We study how such a principal,...

This paper examines the pattern of health care demand in rural Tanzania. We distinguish between hospital and clinic-based care, in both the public and private sector using a two-level nested multinomial logit model. Own price elasticities of demand for all health care options are high, although...

If people's labor-supply decisions are taken at the level of the household, it is natural to expect aggregate demand and unemployment to influence the supply curve of labor. An increase in unemployment could prompt households to send more workers out in search of work to insure against the risk...

This paper studies asymmetry of information and transfers within a unique data set of 712 extended family networks from Tanzania. Using cross-reports on asset holdings, we construct measures of misperception of income among all pairs of households belonging to the same network. We show that...

Is there an impact of female property rights on male and female suicide rates in India. Using state level variation in legal changes to women's property rights, it is shown that better property rights for women are associated with a decrease in the difference between female and male suicide...