Private Information and Altruism in Bidding Roscas
Bibliographic Data
| ID | 9713677 |
|---|---|
| Authors | Stefan Klonner (0000-0002-3411-516X, Cornell University, corresponding author) |
| Year | 2008 |
| Volume | 118 |
| Issue | 528 |
| Pages | 775-800 |
| Publication date | 2008-04-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2008.02142.x |
| OpenAlex | W2067372975 |
| Language | EN |
| Citations received | 6 |
| References cited | 23 |
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. Copyright © 2008 The Author(s)
Altruism (biology · Bidding · Computer security · Economics · Microeconomics · Private information retrieval · Sociology · Banking stability, regulation, efficiency · Computer Science · Islamic Finance and Banking Studies · Microfinance and Financial Inclusion · Psychology · Social Psychology
Interdependent Preferences and Reciprocity
Rosca Composition and Repayment
Household welfare effects of Roscas
Friends and benefits? Endogenous rotating savings and credit associations as alternative for women’s empowerment in India
Impact of Village Savings and Loan Associations
Financial market responses to a natural disaster
Interdependent Preferences and Reciprocity
The Economics of Roscas and Intrahousehold Resource Allocation
Public Goods
Risk and Insurance in a Rural Credit Market
Risk and Insurance in Village India
Credit Markets in Northern Nigeria
Smoothing Consumption by Smoothing Income
The economics of rotating savings and credit associations
Rotating savings and credit associations
Risk-sharing networks in rural Philippines
The role of Roscas
Consumption Smoothing, Migration, and Marriage
Are Structural Estimates of Auction Models Reasonable? Evidence from Experimental Data
Wealth, Weather Risk and the Composition and Profitability of Agricultural Investments
| Citations per year | 0.29 |
|---|---|
| Citation span | 2005 - 2023 (19) |
| Highly cited | No |