can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …

are used to self-insure, substituting for both formal and informal insurance. We investigate this question using a unique … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as self-insurance. We also show that other risk management strategies …

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …

are used to self-insure, substituting for both formal and informal insurance. We investigate this question using a unique … respondent has a formal funeral cover increases with income and banking status. However, it is lower for individuals receiving … remittances, which supports the idea that remittances act as self-insurance. We also show that other risk management strategies …

and deters parties from settling disputes out of court. In contrast, the law is certain ex post: litigation fosters the … of a legal system (kept under control by litigation) and its litigation rate (sustained by uncertainty). We describe such … equilibrium rates in a model of tort litigation, study how they are affected by different policies, and compare the costs and …

and deters parties from settling disputes out of court. In contrast, the law is certain ex post: litigation fosters the … of a legal system (kept under control by litigation) and its litigation rate (sustained by uncertainty). We describe such … equilibrium rates in a model of tort litigation, study how they are affected by different policies, and compare the costs and …

rules efficiently? Is there an optimal mix of litigation and legislation? The law is inevitably subject to a certain degree … settling disputes out of court. Conversely, the law is necessarily certain ex post: litigation fosters the creation of … system (kept under control by litigation) and its litigation rate (sustained by uncertainty). We describe such equilibrium …

and deters parties from settling disputes out of court. In contrast, the law is certain ex post: litigation fosters the … of a legal system (kept under control by litigation) and its litigation rate (sustained by uncertainty). We describe such … equilibrium rates in a model of tort litigation, study how they are affected by different policies, and compare the costs and …

We present a dynamic model of noncontractual litigation in which the parties’ decision whether to litigate depends on … sheds new light on the causes for high litigation rates and on judge-made law versus statutes. …