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Imperfect Data Increases Uncertainty9 May 2013 Carl-Gustav Lindén The world is a complex place where risk and uncertainty are an everyday challenge. Decision makers at all levels say...
9 May 2013 Carl-Gustav Lindén The world is a complex place where risk and uncertainty are an everyday challenge. Decision makers at all levels say...
Heterogeneity in subject populations often necessitates choosing an elicitation task that is intuitive, easy to explain, and simple to implement. Given that subject behaviour often differs dramatically across tasks when eliciting risk preferences...
Irregular migration is increasing in the Caribbean while the opportunities for applying for asylum hardly exist. The policy regarding most Caribbean irregular migrants is based on the view of the potential destinations, namely that the migrants are...
This study traces the interactions between economic growth, income inequality and consumption poverty in a sample of African countries during the 1990s. It draws on the much-improved household data sets now available in the region. It finds that...
The extent to which commodity price volatility affects the income of producing households and their vulnerability to poverty and food insecurity depends on household diversification patterns and the degree of their exposure to markets. This article...
This study outlines the origins and evolution of an international award-winning development intervention, index-based livestock insurance (IBLI), which scaled from a small pilot project in Kenya to a design that underpins drought risk management...
Terrorism elicits strong public reactions immediately after the attack, with important implications for democratic institutions and individual well-being. Are these effects short-lived?We answer this question using a natural experiment design and...
Somik V. Lall and Uwe Deichmann Following the terrible disaster which struck Haiti last month, in which more than 200,000 people are estimated to have...
This paper analyses the pattern and determinants of income risk and expectation in rural India. It uses unique primary survey data eliciting subjective income distribution from households in twelve villages in Bihar. It finds that expected future...
This paper explores the impact of exposure to uninsured risks on the investment decisions of farmers. We distinguish between households’ perceived exposure to uninsured risk, measured as past exposure to deviations in average rainfall levels, and the...
The purpose of this paper is to investigate the scope for international private standards to play a role in reducing business risk. Business risk is measured as variability in revenue, customer base, informal payments, and temporary firm closure. The...
We employ a novel approach to investigate the reasons for a low demand for agricultural insurance. We confirm that farmers systematically undervalue agricultural insurance. First, we find that private transfers, mainly from family members, explain...
Much has been written on the determinants of technology adoption in agriculture, with issues such as input availability, knowledge and education, risk preferences, profitability, and credit constraints receiving much attention. This paper focuses on...
Part of Book Micro, Small, and Medium Enterprises in Vietnam
The paper examines the source of financial market fragmentation in sub-Saharan Africa in the framework of institutional economics. Based on fieldwork data from Ghana, Malawi, Nigeria, and Tanzania, it analyses financial risk management, the...