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Sharing as risk pooling in a social dilemma experiment Ecology and Society
Cherry, Todd L.; Appalachian State University; Center for International Climate and Environmental Research (CICERO); cherrytl@appstate.edu; Howe, E. Lance; University of Alaska Anchorage; elhowe@uaa.alaska.edu; Murphy, James J.; University of Alaska Anchorage; Nankai University; Chapman University; murphy@uaa.alaska.edu.
In rural economies with missing or incomplete markets, idiosyncratic risk is frequently pooled through informal networks. Idiosyncratic shocks, however, are not limited to private goods but can also restrict an individual from partaking in or benefiting from a collective activity. In these situations, a group must decide whether to provide insurance to the affected member. We describe results of a laboratory experiment designed to test whether a simple sharing institution can sustain risk pooling in a social dilemma with idiosyncratic risk. We tested whether risk could be pooled without a commitment device and, separately, whether effective risk pooling induced greater cooperation in the social dilemma. We found that even in the absence of a commitment...
Tipo: Peer-Reviewed article Palavras-chave: Collective action; Experimental economics; Idiosyncratic risk; Income smoothing; Insurance; Lab experiment; Public goods; Resource sharing; Risk pooling; Social dilemma; Social-ecological systems; Team production.
Ano: 2015
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Vulnerability and Risk Management among Turkmen Leaseholders AgEcon
Glukhikh, Rimma; Lerman, Zvi; Schwartz, Moshe.
High risk is inherent to agriculture in Turkmenistan, a post-socialist desert country where the political uncertainties of transition exacerbate natural unpredictability. This study examines risk coping strategies of Turkmen farmers based on a survey of 1100 respondents carried out in 2002 in all five provinces. We propose a new composite index of vulnerability, which includes human capital indicators and geographic location. The analysis relies on a single independent variable, which nevertheless incorporates the effect of criteria interactions. Using survey data, we analyze income smoothing as a mechanisms of risk management across vulnerability groups. Consistently with theoretical expectations, the most vulnerable households seem prefer a smaller, but...
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Turkmenistan; Transition; Vulnerability; Income smoothing; Risk and Uncertainty; D1; J2; Q12.
Ano: 2006 URL: http://purl.umn.edu/25757
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VULNERABILITY AND RISK MANAGEMENT AMONG TURKMEN LEASEHOLDERS AgEcon
Glukhikh, Rimma; Lerman, Zvi; Schwartz, Moshe.
High risk is inherent to agriculture in Turkmenistan, a post-socialist desert country where the political uncertainties of transition exacerbate natural unpredictability. This study examines risk coping strategies of Turkmen farmers based on a survey of 1100 respondents carried out in 2002 in all five provinces. We propose a new composite index of vulnerability, which includes human capital indicators and geographic location. The analysis relies on a single independent variable, which nevertheless incorporates the effect of criteria interactions. Using survey data, we analyze income smoothing as a mechanisms of risk management across vulnerability groups. Consistently with theoretical expectations, the most vulnerable households seem prefer a smaller, but...
Tipo: Working or Discussion Paper Palavras-chave: Agriculture; Turkmenistan; Transition; Vulnerability; Income smoothing; Risk and Uncertainty; D1; J2; Q12.
Ano: 2005 URL: http://purl.umn.edu/7144
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Migration and Land Rental as Risk Response in Rural China AgEcon
Ward, Patrick S.; Shively, Gerald E..
Households in developing countries take various actions to smooth income or consumption as a means of managing or responding to risk. One of the principal means of smoothing income is through the diversification of income sources, including non-farm employment and rural-urban migration. An important consumption smoothing strategy involves the accumulation and depletion of assets. We examine migration and land rental market participation as responses to risk in rural China. Using a longitudinal data set comprised of households in nine provinces in China from 1991 through 2006, we are able to test for the effect of various manifestations of underlying idiosyncratic and covariate income risk on household responses. We find that covariate risks increase...
Tipo: Conference Paper or Presentation Palavras-chave: China; Risk; Consumption smoothing; Income smoothing; International Development; Labor and Human Capital; Risk and Uncertainty; O15; R23; Q15.
Ano: 2011 URL: http://purl.umn.edu/103379
Registros recuperados: 4
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