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Working paper

Risk sharing, commitment and information

Alternative title:
An experimental analysis
Abstract:

This paper describes and analyzes the results of a unique field experiment especially designed to test the effects of the level of commitment and information available to individuals when sharing risk. We find that limiting exogenously provided commitment is associated with less risk sharing, while limiting information on defections can be associated with more risk sharing. These results can be understood by distinguishing between intrinsic and extrinsic incentives, and by recognizing that so...

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Publication status:
Published
Peer review status:
Not peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
CSAE
Role:
Author
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Institution:
Georgetown University
Role:
Author
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Funding agency for:
Barr, A
Grant:
ESCOR grant number R7650
Series:
CSAE working paper series
Place of publication:
http://www.csae.ox.ac.uk/workingpapers/main-wps.html
Publication date:
2007-01-01
Language:
English
Keywords:
Subjects:
UUID:
uuid:5da5105b-cc32-46d4-9caf-cff2f479df52
Local pid:
ora:2598
Deposit date:
2009-02-10

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