Targeted illegal harvesting of hardwood in the woodland of Namibia’s Kavango region threatens forest stands. In a transforming setting, where wood is increasingly traded through value chains on a globalized market, local harvesters have complex incentives but also a crucially important...

The concept of ecosystem services was formulated to create a market- and value-based foundation for sustainable natural resource use — by land users as well as by planners. The concise definition, measurement and especially valuation of nature's services is challenging, as values are...

This paper reports on a set of trust games with third party punishment (TPP) where participants are either family members or friends or unrelated villagers. The experimental sessions were carried out in southern Namibia (Karas) and the bordering northern South Africa (Namaqualand). The aim was...

Child labor is a common consequence of economic shocks in developing countries. We show how reducing vulnerability can affect child labor and schooling. We exploit the extension of a health and accident insurance scheme by a Pakistani microfinance institution (MFI) that was set up as a...

Insurance contract nonperformance relates to situations when valid claims are not paid by the insurer. We extend probabilistic insurance models to allow for such nonperformance risk as well as ambiguity regarding nonperformance and loss probabilities. We empirically test theoretical predictions...