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One article found for JEL code search: G22 (Insurance; Insurance Companies; Actuarial Studies)

  • The Microeconomics of Agricultural Development: Risk, Institutions, and Agricultural Policy

    James A. Roumasset
    Assertions of pervasive inefficiency in the behavior and organization of developing agriculture are found to be based on unsound methodologies. Models apparently based on expected utility theory are theoretically flawed and use highly restrictive assumptions that make them largely irrelevant for...
    Volume 21 20th Anniversary Issue (October 2024)

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