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Persistent link: https://www.econbiz.de/10011599649
We show how to use panel data on household consumption to directly estimate households' risk preferences. Specifically, we measure heterogeneity in risk aversion among households in Thai villages using a full risk‐sharing model, which we then test allowing for this heterogeneity. There is...
Persistent link: https://www.econbiz.de/10011005273