La Crema: A Case Study of Mutual Fire Insurance∗

نویسندگان

  • Antonio Cabrales
  • Antoni Calvó-Armengol
  • Matthew O. Jackson
  • Luis Corchón
  • Ashok Rai
  • Massimo Motta
چکیده

We analyze a mutual fire insurance mechanism used in Andorra, which is called La ∗We are grateful to Francisco Alcalá, Luis Corchón, Ashok Rai, Massimo Motta, Rafael Repullo, Joel Sobel and the seminar participants at the European Winter Workshop of the Econometric Society and the UCI Development Economics Conference for their comments. We thank Pierre-André Chiappori and an anonymous referee for helpful suggestions. We also gratefully acknowledge the financial support of Spain’s Ministry of Education under grants BEC2000-1029, SEC2001-0973 and the Generalitat de Catalunya under grant 1999SGR-00157 and the National Science Foundation under grant SES-9986190. Finally, special thanks to Benito Marquet Armengol, Cal Ton de Borró, for help with details regarding the history and operation of La Crema and for access to the data.

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تاریخ انتشار 2002