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We study the impacts of risk and ambiguity aversion on the adoption of new technologies, specifically genetically modified (GM) corn and soy seeds. We conduct experiments measuring risk and ambiguity aversion with Midwestern grain farmers. Risk aversion has only a small impact on the timing of...
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Small-scale afforestation/reforestation projects under the Clean Development Mechanism (CDM) of the Kyoto Protocol will sequester atmospheric carbon and facilitate carbon trading but they face significant implementation challenges among the rural poor households and communities that are meant to...
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