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Entrepreneurial Saving Practices and Reinvestment: Theory and Evidence from Tanzanian MSEs
Beck, Thorsten; Pamuk, Haki; Uras, Burak R - Department of Economics, Oxford University - 2014
savings within the household.  We also show that the negative impact of saving within-the-household on investment is more …
Persistent link: https://www.econbiz.de/10011159021
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A Theory of Rational Demand for Index Insurance
Clarke, Daniel J. - Department of Economics, Oxford University - 2011
Rational demand for hedging products, where there is a risk of contractual nonperformance, is fundamentally different to that for indemnity insurance.  In particular, optimal demand is zero for infinitely risk averse individuals, and is nonmonotonic in risk aversion, wealth and price.  For...
Persistent link: https://www.econbiz.de/10009318138
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Funeral insurance
Berg, Erlend - Department of Economics, Oxford University - 2011
Funeral insurance has existed at least since antiguity, and it remains popular in many parts of Africa today.  Yet the study of funeral insurance as a distinct form of insurance has hitherto been neglected.  This paper presents a model in which funeral insurance combines regular life insurance...
Persistent link: https://www.econbiz.de/10011004387
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Reinsuring the Poor: Group Microinsurance Design and Costly State Verification
Clarke, Daniel J. - Department of Economics, Oxford University - 2011
This paper analyses collusion-proof multilateral insurance contracts between a risk neutral insurer and multiple risk averse agents in an environment of asymmetric costly state verification.  Optimal contracts involve the group of agents pooling uncertainty and the insurer acting as reinsurer...
Persistent link: https://www.econbiz.de/10009318139
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When is capital enough to get female microenterprises growing? Evidence from a randomized experiment in Ghana
Fafchamps, Marcel; Quinn, Simon; McKenzie, David; … - Department of Economics, Oxford University - 2011
Standard models of investment predict that credit-constrained firms should grow rapidly when given additional capital, and that how this capital is provided should not affect decisions to invest in the business or consume the capital.  We randomly gave cash and in-kind grants to male- and...
Persistent link: https://www.econbiz.de/10011004392
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Vertical Integration, Missing Middle and Investor Protection in Developing Countries
Macchiavello, Rocco - Department of Economics, Oxford University - 2007
The industrial organization of developing countries is characterized by: (i) pervasive use of subcontracting arrangements among small firms, (ii) "missing middle" in the firm size distribution, and (iii) financially constrained firms.  This paper studies an incomplete contract model in which...
Persistent link: https://www.econbiz.de/10005047877
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Social Interactions in Growing Bananas: Evidence from a Tanzanian Village
Dercon, Stefan; Broeck, Katleen Van den - Department of Economics, Oxford University - 2007
This paper analyses whether agricultural information flows give rise to social learning effects in banana cultivation in Nyakatoke, a small Tanzanian village. Based on a village census, full information is available on socio-economic characteristics and banana production of farmer kinship...
Persistent link: https://www.econbiz.de/10010605066
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Risk Sharing Networks among Households in Rural Ethiopia
Ayalew, Daniel - Department of Economics, Oxford University - 2003
We apply the set up of limited commitment model to empirically test the role of informal risk-sharing ntworks using panel data on informal credit transactions from rural Ethiopia. The empirical estimates provide convincing evidence for the belief that enforcement problem limits the direct role...
Persistent link: https://www.econbiz.de/10010605196
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Seven Principles for Managing Resource Wealth
Wills, Samuel - Department of Economics, Oxford University - 2015
wealth fund.  I reconcile these by combining a stochastic model of precautionary savings with a deterministic model of a …
Persistent link: https://www.econbiz.de/10011164423
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Contract Design in Insurance Groups
Dercon, Stefan; Bold, Tessa - Department of Economics, Oxford University - 2009
whether payments are only made at the time of death or savings are accumulated by the group based on premiums paid ex … show numerically that a contract with savings makes higher demands on enforceability, leading to less cohesive groups … finding it in their interest to choose the contract without savings and that coalition-proofness is a necessary condition for …
Persistent link: https://www.econbiz.de/10004970298