Fafchamps, M. (1992): Solidarity Networks in Pre-Industrialised Societies: Rational Peasants with a Moral Economy. Economic Development and Cultural Change 41 [1], pp.147 -- 174.  Home/Search   Document Not in Database   Summary   Related Articles

....Through information sharing, coordination of activities and a collective decisionmaking process, transaction costs are reduced. The literature shows that reciprocal gift giving and informal credit allow households to share risks within confined networks of family and friends (Platteau 1991, 1995; Fafchamps 1992). In addition, further studies (e.g. Rosenzweig 1988) show that intra and inter household transfers between related or proximate individuals are appropriate measures to deal with information asymmetries and resource constraints, which often prevent market institutions from developing or working ....

....further studies (e.g. Rosenzweig 1988) show that intra and inter household transfers between related or proximate individuals are appropriate measures to deal with information asymmetries and resource constraints, which often prevent market institutions from developing or working efficiently. Fafchamps (1992) claims that transactions and mutual insurance may be achieved by contractual arrangements within the household or between members of a community. Moral hazard behaviour in this context bears the risk of being excluded from the intertemporal exchange of goods, services and financial ....

Fafchamps, M. (1992): Solidarity Networks in Pre-Industrialised Societies: Rational Peasants with a Moral Economy. Economic Development and Cultural Change 41 [1], pp.147 -- 174.

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