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An expected utility based cost-benefit analysis is in general fragile to its distributional assumptions. We derive necessary and sufficient conditions on the utility function of the expected utility model to avoid this. The conditions ensure that expected (marginal) utility remains finite also...
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aim to reflect local perceptions of poverty. This paper demonstrates how such a measure can be constructed, using data … from a field experiment on poverty targeting in Indonesia. It then explores the potential impact of using this welfare … used as a meaningful basis for targeting and poverty measurement. …
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. Besides exploring cross-country variation in public education, how its low level can lead to a poverty trap and how its high …
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expanded in a consistent way to any welfare measure;and can be assessed for reliability usingstandard statistical theory …
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technological non convexity exists. It follows that certain households are poverty trapped, that the initial distribution of wealth …
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