Purpose – The paper aims to discover the role of the middle classes in the development of the ethnic minorities of China, given the importance of the middle classes in international economic development in the modern age. Design/methodology/approach – The paper offers a definition of the...

This study revisits the issue whether poverty and shocks are associated with high discount rates by using an incentive compatible Multiple Price List approach in a poor rural population in Africa where a substantial share of the population had been affected by drought in the recent rainy season....

This paper studies the risk preferences of poor rural households in Malawi and compares the Holt and Laury (2002) (HL) multiple price list approach with hypothetical real-world framing and monetary incentive-compatible framing with the Tanaka, Camerer and Nguyen (2010) (TCN) monetary framing...