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Risk Preferences and the Impact of Credit and Insurance on Farm Technology Uptake

Martine Visser, Hafsah Jumare and Kerri Brick
We use a series of credit and insurance simulation games to test the role of access to credit and insurance on magnitude and timing of farm technology uptake with small-scale farmers in South Africa. Using Cumulative Prospect Theory, we assess how insurance impacts technology uptake given risk...
Mar 2019
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The Prince and the Pauper: The effect of inherited-wealth status on productivity in the lab

Sofia Monteiro, Justine Burns & Patrizio Piraino
There is limited theory and empirical evidence about the effects of inherited wealth and social comparison on individual labor-market behavior. Investigating the impact of inherited-wealth status – an accident of birth rather than an outcome of competition – contributes to the understanding of the...
May 2018
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