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Risk aversion, collateral requirements and the markets for credit and insurance in rural areas (anglais)

The main theme of this paper is the systematic exploration of the interrelated difficulties of rural credit and insurance markets. The difficulties are traced to an identical set of information, incentives and management problems which arise in spatially disposed agricultural production systems. In Section I experimental studies of risk aversion are discussed. Also discussed in this section are some of the many alternative means for stabilizing agricultural...
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