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Registros recuperados: 39 | |
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Alpizar, Francisco; Carlsson, Fredrik; Naranjo, Maria. |
The risk of losses of income and productive means due to adverse weather associated to climate change can significantly differ between farmers sharing a productive landscape. It is important to learn more about how farmers react to different levels of risk, under measurable and unmeasurable uncertainty. Moreover, the costs associated to investments in reduced vulnerability to climatic events are likely to exhibit economies of scope. We explore these issues using a framed field experiment that captures realistically the main characteristics of production, and the likely weather related losses of premium coffee farmers in Tarrazu, Costa Rica. Given that the region recently was severely hit by an extreme, albeit very infrequent, climatic event, we expected to... |
Tipo: Working or Discussion Paper |
Palavras-chave: Risk Aversion; Ambiguity Aversion; Technology Adoption; Climate change; Field Experiment; Environmental Economics and Policy; C93; D81; H41; Q16; Q54. |
Ano: 2010 |
URL: http://purl.umn.edu/92708 |
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Maldonado, Jorge Higinio; Moreno-Sanchez, Rocio del Pilar. |
Economic Experimental Games (EEGs), focused to analyze dilemmas associated with the use of common pool resources, have shown that individuals make extraction decisions that deviate from the suboptimal Nash equilibrium. However, few studies have analyzed whether these deviations towards the social optimum are affected as the stock of resource changes. Performing EEG with local fishermen, we test the hypothesis that the behavior of participants differs under a situation of abundance versus one of scarcity. Our findings show that under a situation of scarcity, players over-extract a given resource, and thus make decisions above the Nash equilibrium; in doing so, they obtain less profit, mine the others-regarding interest, and exacerbate the tragedy of the... |
Tipo: Working or Discussion Paper |
Palavras-chave: Tragedy of the commons intensified; Economic experimental games; Resource abundance; Resource scarcity; Dynamic effects; Community/Rural/Urban Development; Environmental Economics and Policy; Institutional and Behavioral Economics; Land Economics/Use; Public Economics; D01; D02; D03; O13; O54; Q01; Q22; C93; C72; C73; C23. |
Ano: 2009 |
URL: http://purl.umn.edu/91170 |
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Karlan, Dean S.; Valdivia, Martin. |
Los debates académicos y de políticas acerca de la actividad microempresarial se centran frecuentemente en las restricciones crediticias, asumiendo que los negocios se manejan de manera óptima dadas esas y otras restricciones. Los microempresarios, sin embargo, raramente tienen capacitación formal en gestión empresarial. Por su parte, un número creciente de instituciones de microfinanzas (IMF), en el Perú y el mundo, procura construir el capital humano de estos microempresarios para mejorar sus niveles de vida, contribuyendo a su misión de reducir la pobreza. Con ayuda de un diseño experimental, en este estudio medimos el impacto marginal de agregar un componente de capacitación en gestión empresarial a un programa de servicios financieros que atiende a... |
Tipo: Working or Discussion Paper |
Palavras-chave: Microempresarios; Microfinanzas; Pequeñas empresas; Mujeres; Capacitacion; Small enterprises; Training; Women; Peru; Financial Economics; C93; D12; D13; D21; I21; J24; O12. |
Ano: 2010 |
URL: http://purl.umn.edu/91358 |
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Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil; Shafir, Eldar; Zinman, Jonathan. |
Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to address this question. Incumbent clients of a lender in South Africa were sent letters offering them large, short-term loans at randomly chosen interest rates. Psychological features on the letter, which did not affect offer terms or economic content, were also independently randomized. Consistent with standard economics, the interest rate significantly affected loan take-up. Inconsistent with standard economics, the psychological features also significantly affected... |
Tipo: Working or Discussion Paper |
Palavras-chave: Behavioral economics; Psychology; Microfinance; Marketing; Field experiment; Credit markets; Consumer/Household Economics; D01; C93; D12; D21; D81; D91; M37; O12. |
Ano: 2005 |
URL: http://purl.umn.edu/28441 |
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Bougherara, Douadia; Gassmann, Xavier; Piet, Laurent. |
We designed a field experiment involving real payments to elicit farmers’ risk preferences. Farmers are a very interesting sample to study since risk has always played an important role in agricultural producers’ decisions. Besides, European farmers may face more risky situations in the future. In this context, it is very important for any economic analysis focusing on agriculture to correctly assess farmers’ behaviour in the face of different sources of risk. We test for two descriptions of farmers’ behaviour: expected utility and cumulative prospect theory. We use two elicitation methods based on the procedures of Holt and Laury (2002) and Tanaka et al. (2010) on a sample of 30 French farmers. The experiment consists in asking subjects to make series of... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Risk Attitudes; Field Experiment; Farming; Risk and Uncertainty; C93; D81; Q10. |
Ano: 2011 |
URL: http://purl.umn.edu/114266 |
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Alfnes, Frode; Steine, Gro. |
We conduct a within-sample test of hypothetical bias and parameter equality between a hypothetical stated choice (SC) experiment using pictures and a real choice (RC) experiments using products. With exception of the none-of-these alternative-specific dummy, we cannot reject parameter equality between the two datasets. However, when we estimate the models separately with no parameter restrictions, the SC experiment gave WTP estimates that were approximately 50 percent higher and marginal WTP estimates that were almost two times as high as the corresponding estimates from the RC experiment. However, even though the monetary value of the WTP disparity was large, the disparity between the WTP estimates from the two data sets was not statistically significant. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Choice experiment; Hypothetical bias; Color; Mixed logit; Salmon; Willingness to pay; Consumer/Household Economics; C81; C93; D12; Q22. |
Ano: 2005 |
URL: http://purl.umn.edu/24761 |
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Registros recuperados: 39 | |
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