This paper concentrates on advances which have relevance for the controversy about relative roles of risk aversion and credit constraints in limiting farmers' investment levels, especially for purchased inputs such as seeds or fertilizers. Recent experimental studies on the extent of risk aversion among developing country farmer populations are reviewed. Also considered are recent theoretical insights into the casual relationship among risk, risk...
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INFORMATION
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1981/12/31
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Document de travail (série numérotée)
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SER78
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1
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1
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2020/06/20
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Disclosed
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Risk aversion and credit constraints in farmer's decision making : a reinterpretation
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risk aversion
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