کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5071700 1477073 2014 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The crowding-out effect of formal insurance on informal risk sharing: An experimental study
ترجمه فارسی عنوان
اثر بیرون راندن بیمه رسمی برای به اشتراک گذاری خطر غیر رسمی: یک مطالعه تجربی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper investigates the crowding-out effect of formal insurance on informal risk-sharing arrangements via theory and laboratory experiment. Our model and simulation predict that the crowding out of private transfers is often more than one-for-one and will reduce the total risk coverage. Furthermore, the existence of a moderate degree of altruism exaggerates the crowding-out effect, especially when there is an ex-ante income inequality. These predictions are mostly supported by the laboratory experiment, except that the crowding-out effect is not more than one-for-one, and hence the total risk coverage is not significantly reduced by formal insurance.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 86, July 2014, Pages 184-211
نویسندگان
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