dc.creatorJaramillo, Fernando 
dc.creatorKempf, Hubert 
dc.creatorMoizeau, Fabien 
dc.date.accessioned2015-10-16T13:15:28Z
dc.date.available2015-10-16T13:15:28Z
dc.date.created2013
dc.date.issued2013
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/11289
dc.descriptionWe offer a new explanation of partial risk sharing based on coalition formation and segmentation of society in a risky environment, without assuming limited commitment and imperfect information. Heterogenous individuals in a society freely choose with whom they will share risk. A partition belonging to the core of the membership game obtains. Perfect risk sharing does not necessarily arise. Focusing on mutual insurance rule and assuming that individuals only differ with respect to risk, we show that the core partition is homophily-based. The distribution of risk affects the number and size of these coalitions. Individuals may pay a lower risk premium in riskier societies. A higher heterogeneity in risk leads to a lower degree of risk sharing. We discuss how the endogenous partition of society into risk-sharing coalitions may shed light on empirical evidence on partial risk sharing. The case of heterogenous risk aversion leads to similar results.
dc.format.extent44 páginas
dc.format.mediumRecurso electrónico
dc.format.mimetypeapplication/pdf
dc.language.isospa
dc.relation.ispartofSerie Documentos de Trabajo. No. 143 (Septiembre 2013)
dc.relation.urihttps://ideas.repec.org/p/col/000092/011013.html
dc.sourceinstname:Universidad del Rosario
dc.sourcereponame:Repositorio Institucional EdocUR
dc.sourceinstname:Universidad del Rosario
dc.subject.ddc303.484
dc.subject.lembSociología
dc.subject.lembGrupos sociales
dc.subject.lembMarginados sociales
dc.subject.lembRelaciones sociales
dc.subject.lembRiesgo (Economía)::Aspectos Sociales
dc.titleHeterogeneity and the formation of risk - sharing coalitions
dc.typebook
dc.publisherUniversidad del Rosario
dc.publisher.departmentFacultad de Economía
dc.identifier.editorialUniversidad del Rosario
dc.subject.keywordRisk Sharing
dc.subject.keywordGroup Membership
dc.subject.keywordSocial Segmentation
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.type.spaDocumento de trabajo
dc.rights.accesoAbierto (Texto completo)
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.format.tipoDocumento
dc.rights.ccAtribución-NoComercial-SinDerivadas 2.5 Colombia


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