Informal Risk-Sharing Cooperatives: The Effect of Learning and Other-Regarding Preferences

Victorien Barbet (), Renaud Bourlès () and Juliette Rouchier ()
Additional contact information
Victorien Barbet: Aix-Marseille Univ. (Aix-Marseille School of Economics), CNRS, EHESS and Centrale Marseille
Juliette Rouchier: LAMSADE, CNRS

No 1706, AMSE Working Papers from Aix-Marseille School of Economics, France

Abstract: We study the dynamics of risk-sharing cooperatives among heterogeneous agents. Based of their knowledge on their risk exposure and the performance of the cooperatives, agents choose whether or not to remain in the risk-sharing agreement. We highlight the key role of other-regarding preferences, both altruism and inequality aversion, in stabilizing less segregated (and smaller) cooperatives. Limited knowledge and learning of own risk exposure also contributes to reducing segregation. Our finding shed light on the mechanisms behind risk-sharing agreements between agents heterogeneous in their risk exposure.

Keywords: Agent-based; cooperative; risk-sharing; Learning; altruism; other-regarding preferences (search for similar items in EconPapers)
Pages: 29 pages
Date: 2017-02
New Economics Papers: this item is included in nep-agr and nep-upt
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.amse-aixmarseille.fr/sites/default/files/_dt/2012/wp_2017_-_nr_06.pdf (application/pdf)

Related works:
Journal Article: Informal risk-sharing cooperatives: the effect of learning and other-regarding preferences (2020)
Working Paper: Informal risk-sharing cooperatives: the effect of learning and other-regarding preferences (2020)
Working Paper: Informal Risk-Sharing Cooperatives: The Effect of Learning and Other-Regarding Preferences (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aim:wpaimx:1706

Access Statistics for this paper

More papers in AMSE Working Papers from Aix-Marseille School of Economics, France AMU-AMSE - 5-9 Boulevard Maurice Bourdet, CS 50498 - 13205 Marseille Cedex 1. Contact information at EDIRC.
Bibliographic data for series maintained by Gregory Cornu ().