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Evolving Informal Risk-Sharing Cooperatives and Other-Regarding Preferences
Bourlès, Renaud; Rouchier, Juliette - HAL - 2012
their income - the higher the risk aversion, the more stable the cooperatives and the lower the segregation. Learning can … high or low-risk, and while they are learning, they tend to create cooperatives that can last. Eventually we worked on the …
Persistent link: https://www.econbiz.de/10010933864
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How important is innovation? A Bayesian factor-augmented productivity model on panel data
Bresson, Georges; Etienne, Jean-Michel; Mohnen, Pierre - HAL - 2011
This paper proposes a Bayesian approach to estimate a factor augmented productivity equation. We exploit the panel dimension of our data and distinguish individual-specic and time-specic factors. On the basis of 14 technology and infrastructure indicators from 37 countries over a 10-year...
Persistent link: https://www.econbiz.de/10010899343