We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry generates some predictions that overlap with models of...

We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...

Rural and agricultural banks, among them state-owned agricultural development banks (AgDBs) and cooperative banks, have a wide outreach in Asian countries. Their potential as retailers and wholesalers (through cooperatives, rural banks, NGOs) for providing sustainable savings deposit and credit...

We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry generates some predictions that overlap with models of...

We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry generates some predictions that overlap with models of...

We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that...

This study applied the paired t-test and logistic regression analysis to assess the impacts of the rural SACCOS' loans on borrowers in Tanzania where 431 borrowers from 37 rural SACCOS in Morogoro, Dodoma and Kilimanjaro regions were involved. The study noted that 73.5% of the rural SACCOS'...