This paper widens the scope of the emerging literature on economic networks by assessing
the role of caste networks in Indian local politics. We test the hypothesis that these networks …

Intro: risk sharing Our paper introduces three innovations with respect to the standard
literature. First, labor supply is explicitly recognized and modeled as an endogenous …

A univariate real-valued function is said to be completely monotone if it takes positive values
and alternate the signs of its higher order derivatives, starting from everywhere negative first …

We show that for every collection of increasing risk-sharing rules, one for each consumer,
and for every increasing and concave expected utility function, there exists a collection of …

This paper examines the effects of income inequality in a risk sharing model with limited
commitment, that is, when insurance agreements have to be self-enforcing. In this context …

How well do people share risk? Do non-market institutions—charity, progressive taxes,
transfer payments—make up for the lack of complete insurance markets? Or is risk sharing …

This dissertation investigates the way in which potential and actual shocks influence
economic conditions and choices of the Indonesian rural households. The analysis focuses …

The models developed in the previous chapters were essentially static and were constructed
under the (implicit) assumption of perfect certainty. As discussed in chapter 2, such a setting …

We use Indonesian survey data to analyze the response of rural households to demographic
and economic shocks in relation to the household's permanent income and the extent to …

We show that countries that take on more international risk are rewarded with higher
expected consumption growth. International risk is defined as the beta of a country's …