Farrin, Kathleen M.; Miranda, Mario J. - Agricultural and Applied Economics Association - AAEA - 2013
Lack of protection from downside risk has been posited as one explanation for sluggish technology uptake among … technology adoption where new methods are riskier but higher yielding on average, or, in the alternative, require sunk costs of … investment that can be significant for households that already consume very little when harvests are poor. Despite recent efforts …