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Miss Jane's Building (Edisto Library Temporary Location)
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Main Library
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Folly Beach Library
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St. Paul's/Hollywood Library
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Structural Experimentation to Distinguish between Models of Risk Sharing with Frictions in Rural Paraguay.
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- Author(s): Ligon, Ethan1; Schechter, Laura2
- Source:
Economic Development & Cultural Change. Oct2020, Vol. 69 Issue 1, p1-50. 50p. 8 Charts, 1 Graph.- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: We conduct dictator-type games in rural Paraguay; different treatments involve manipulating players' information and choice sets. From individuals' choices in the games, we draw inferences regarding impediments to efficient risk sharing in the larger village supergame. Outcomes from the experimental games suggest that players in most villages are reacting to the kinds of incentives that we would predict from a private information model with hidden investments, while in others players act in a manner consistent with the predictions of a model with limited commitment. No single one of our models can explain outcomes in all villages, but outcomes in nearly every village are consistent with one or more of our models. [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of Economic Development & Cultural Change is the property of University of Chicago Press and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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