Social Investments, Informal Risk Sharing, and Inequality
收藏NBER2014-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20669
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资源简介：
This paper studies costly network formation in the context of risk sharing. Neighboring agents negotiate agreements as in Stole and Zwiebel (1996), which results in the social surplus being allocated according to the Myerson value. We uncover two types of inefficiency: overinvestment in social
提供机构：
美国国家经济研究局
创建时间：
2014-11-01
