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Risk Sharing and Network Formation

  • Marcel Fafchamps
  • Flore Gubert

Interpersonal relationships have long been suspected of shaping agrarian institutions, probably because weak formal institutions must be supplemented by interpersonal trust. This is particularly true for informal risk sharing, a fundamental risk coping mechanism for the rural poor (e.g. Mark R. Rosenzweig, 1988, Marcel Fafchamps, 1992, Stephen Coate and Martin Ravallion, 1993, Robert Townsend, 1994, Ethan Ligon et al., 2001, Andrew Foster and Mark R. Rosenzweig, 2001).

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File URL: http://www.gprg.org/pubs/workingpapers/pdfs/gprg-wps-067.pdf
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Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number GPRG-WPS-067.

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Date of creation: 01 Jan 2007
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Handle: RePEc:oxf:wpaper:gprg-wps-067
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