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Formal and informal risk sharing in LDCs: theory and empirical evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - 2008
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10010264280
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Formal and informal risk sharing in LDCs : theory and empirical evidence
Dubois, P.; Jullien, B.; Magnac, T. - Département d'Économie et Sociologie Rurales, … - 2006
We develop and estimate a model of dynamic interactions where conmmitment is limited and contracts are incomplete to … through both formal contracts and informal agreements, that is, agreements specifying voluntary transfers that need to be self …-enforceable. This theoretical setting nests the case of complete markets when all riks can be insured by formal contracts and the case …
Persistent link: https://www.econbiz.de/10005773022
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Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - C.E.P.R. Discussion Papers - 2008
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10005123633
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Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - C.E.P.R. Discussion Papers - 2007
We develop and estimate a model of dynamic interactions where commitment is limited and contracts are incomplete to … through both formal contracts and informal agreements, that is, agreements specifying voluntary transfers that need to be self … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10005504414
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Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - CESifo - 2008
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10005405774
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Formal and informal risk sharing in LDCs: theory and empirical evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - Département Sciences Sociales, Agriculture et … - 2008
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10010780495
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Large Panels with Common Factors andSpatial Correlations
Pesaran, Mohammad Hashem; Tosetti, Elisa - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper considers the statistical analysis of large panel data sets where even afterconditioning on common observed effects the cross section units might remain dependentlydistributed. This could arise when the cross section units are subject to unobserved commoneffects and/or if there are...
Persistent link: https://www.econbiz.de/10008939756
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Large Panels with Common Factors and Spatial Correlations
Pesaran, M. Hashem; Tosetti, Elisa - 2021
This paper considers the statistical analysis of large panel data sets where even after conditioning on common observed effects the cross section units might remain dependently distributed. This could arise when the cross section units are subject to unobserved common effects and/or if there are...
Persistent link: https://www.econbiz.de/10013316833
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Formal and Informal Risk Sharing in LDCs : Theory and Empirical Evidence
Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - 2021
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability …
Persistent link: https://www.econbiz.de/10013316985
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Large Panels with Common Factors and Spatial Correlations
Pesaran, M. Hashem; Tosetti, Elisa - Institute for the Study of Labor (IZA) - 2007
This paper considers the statistical analysis of large panel data sets where even after conditioning on common observed effects the cross section units might remain dependently distributed. This could arise when the cross section units are subject to unobserved common effects and/or if there are...
Persistent link: https://www.econbiz.de/10005703218