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Investments in Social Ties, Risk Sharing and Inequality


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Working Paper

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Authors

Ambrus, A. 
Elliott, M. 

Abstract

This paper investigates stable and efficient networks in the context of risk-sharing, when it is costly to establish and maintain relationships that facilitate risk-sharing. We find a novel trade-off between efficiency and equality. The most stable effici

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Faculty of Economics & Cambridge-INET Institute, University of Cambridge

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