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This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans provided by a national public development finance institution. In contrast to most of the existing literature, the study focuses on the effect of medium-sized loans over a two- to...
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risk. However, it is only recently that this intuitive notion has been formalized and axiomatically characterized. We … one can jointly estimate attitudes towards uncertainty, attitudes towards risk, and subjective probabilities in a rigorous … uncertainty aversion in an empirically tractable manner. Our results show that attitudes towards risk and uncertainty can be …
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