The Social dilemma of microinsurance : a framed field experiment on free-riding and coordination in microcredit groups

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<title>Social dilemma of microinsurance</title>
<subTitle>: a framed field experiment on free-riding and coordination in microcredit groups</subTitle>
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<namePart>Janssens, Wendy</namePart>
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<namePart>Kramer, Berber</namePart>
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<dateIssued>2012</dateIssued>
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<abstract displayLabel="Summary">This paper analyzes free-riding and coordination problems in microinsurance. We model demand for health insurance in microcredit groups that typically share risk through joint liability as a social dilemma. Less risk averse clients are tempted to free-ride and forgo individual insurance while the more risk averse face a coordination problem. Group insurance binds both types to the social optimum. Microinsurance games played with microcredit clients in Tanzania confirm the free-riding hypothesis and demonstrate limited coordination failures under individual insurance. Group insurance increases demand in the games. These findings provide a potential solution for low uptake of microinsurance</abstract>
<note type="statement of responsibility">Wendy Janssens and Berber Kramer</note>
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<topic>Microseguros</topic>
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<topic>Seguro colectivo de salud</topic>
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<topic>Sistema individual</topic>
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<geographic>Tanzania</geographic>
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