How Important are Investment Indivisibilities for Development? Experimental Evidence from Uganda
收藏NBER2022-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29773
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资源简介：
Theoretically, indivisible investments together with financial frictions can lower development, generate poverty traps, and lead agents to become risk-loving. Using experimental cash grants involving a choice between a safer, low payoff and a riskier, large payoff lottery, we find that 27 percent
提供机构：
美国国家经济研究局
创建时间：
2022-02-01
