Life and Death of Roscas : If Power Corrupts, Does Powerlessness Make One Blameless ?
AbstractWe have very few ideas as to what factors can influence the duration of roscas and reduce their failure risk. In this research, we bring new light on these empirical questions using an original data set containing information on living and dead roscas from Cotonou, Benin. We notice that the groups run by a president alone are more likely to fall apart. We also present evidence that individuals attracted to this type of groups have a lower social capital and therefore might be more likely to default.
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Date of creation: Feb 2007
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ROSCA ; Survival Analysis ; Governance structure ; Benin;
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- Olivier Dagnelie & Philippe Lemay‐Boucher, 2012.
"Rosca Participation in Benin: A Commitment Issue,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 74(2), pages 235-252, 04.
- Olivier Dagnelie & Philippe LeMay-Boucher, 2008. "Rosca Participation in Benin: a Commitment Issue," UFAE and IAE Working Papers 735.08, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Olivier Dagnelie & Philippe LeMay-Boucher, 2008. "Rosca Participation in Benin: a Commitment Issue," Working Papers 339, Barcelona Graduate School of Economics.
- Olivier Dagnelie & Philippe LeMay, 2005. "Rosca Participation in Benin : a Commitment Issue," Development and Comp Systems 0511026, EconWPA.
- Olivier Dagnelie & Philippe LeMay-Boucher, 2007. "ROSCA Participation in Benin: A Commitment Issue," CERT Discussion Papers 0708, Centre for Economic Reform and Transformation, Heriot Watt University.
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