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Informal insurance arrangements with limited commitment : theory and evidence from village economies

Ligon, Ethan; Thomas, Jonathan P.; Worrall, Timothy - In: The review of economic studies 69 (2002) 1, pp. 209-244

Persistent link: https://www.econbiz.de/10001648659

Foreign direct investment and the risk of expropriation

Thomas, Jonathan P. - In: The review of economic studies 61 (1994) 1, pp. 81-108

Persistent link: https://www.econbiz.de/10001155353

Informal insurance arrangements in village economies

Ligon, Ethan; Thomas, Jonathan P.; Worrall, Timothy - 1997

Persistent link: https://www.econbiz.de/10000976213

Informal insurance arrangements in village economies

Thomas, Jonathan P.; Worrall, Timothy - 1994

Persistent link: https://www.econbiz.de/10000907385

Gift-giving, quasi-credit and reciprocity

Thomas, Jonathan P.; Worrall, Timothy - 2002

The fluctuations in incomes inherent in rural communities can be attenuated by reciprocal insurance. We develop a model of such insurance based on self-interested behaviour and voluntary participation. One individual assists another only if the costs of so doing are outweighed by the benefits...