Private Information and Altruism in Bidding Roscas  

Oleh:

Klonner, Stefan

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 118 no. 528 (Apr. 2008), page 775.
Topik: Private Information; Altruism; Bidding Roscas; Economic Welfare
Fulltext: 775.pdf (345.99KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.28 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

This article studies how altruism improves allocations in a private information environment where strategic behaviour reduces economic welfare. A theoretical analysis establishes that, in an environment characterised by uncertainty and private information, outcomes of auctions in Rotating Savings and Credit Associations (Roscas) are more efficient when bidders' preferences are altruistic rather than selfish. A semi-parametric structural estimation technique for Rosca auctions is presented. A parametric structural estimation identifies interactions between group characteristics and bidder altruism. It is found that effective leadership and intra-group diversity are associated with a greater extent of bidder altruism and thus more efficient intra-Rosca allocations.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali