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Risk and Return in Village Economies

This paper provides a theory-based empirical framework for understanding the risk and return on productive capital assets and their allocation across activities in an economy characterized by idiosyncratic and aggregate risk and thin formal markets for real and financial assets. We apply our framewo...

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Detalhes bibliográficos
Publicado no:Am Econ J Microecon
Main Authors: SAMPHANTHARAK, KRISLERT, TOWNSEND, ROBERT M.
Formato: Artigo
Idioma:Inglês
Publicado em: 2018
Assuntos:
Acesso em linha:https://ncbi.nlm.nih.gov/pmc/articles/PMC6687338/
https://ncbi.nlm.nih.gov/pubmed/31396364
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1257/mic.20160125
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