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Mutual Insurance Networks in Communities

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  • Pascal Billand

    ()
    (GATE Lyon Saint-Etienne - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - École Normale Supérieure - Lyon)

  • Christophe Bravard

    ()
    (GATE Lyon Saint-Etienne - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - École Normale Supérieure - Lyon)

  • Sudipta Sarangi

    (Department of Economics, Louisiana State University - Department of Economics, Louisiana State University)

Abstract

We study the formation of mutual insurance networks in a model where every agent who obtains more resources gives a fixed amount of resources to all agents who have obtained less resources. The low resource agent must be directly linked to the high resource agent to receive this transfer. We identify the pairwise stable networks and efficient networks. Then, we extend our model to situations where agents differ in their generosity with regard to the transfer scheme. We show that there exist conditions under which in a pairwise stable network agents who provide the same level of transfers are linked together, while there are no links between agents who provide high transfers and agents who provide low transfers.

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Bibliographic Info

Paper provided by HAL in its series Working Papers with number halshs-00768430.

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Date of creation: 21 Dec 2012
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Handle: RePEc:hal:wpaper:halshs-00768430

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Related research

Keywords: Mutual insurance networks; Pairwise stable networks; Effi cient networks;

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