In perfectly competitive economies under uncertainty, there is a well-known equivalence between a formulation with …

the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on … types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … assets and liabilities. Our analysis also suggests that social interaction is associated with households holding larger …

the rural space. This paper characterizes household access to assets and agrarian institutions of households engaged in … agricultural-specific assets (including land and livestock) and institutions is in general low, though highly heterogeneous across …

portfolios of marketed assets; equivalently, by projecting their payoffs on the span of the payoffs of marketed assets … information not revealed by the prices and payoffs of marketed assets, such as the marginal valuation by shareholders of revenue … commodity payoffs of shares; even in the absence of other, nominal assets, they are typically indeterminate if firms consider …

educational outcomes. Yet changing the level of resources is one of the key policy levers open to governments. In the UK, school …

) productive entrepreneurship and that it will therefore compete at the individual level for resources with commercial …