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Essays in the theory of risk-bearing
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The article was published on 1958-01-01 and is currently open access. It has received 3688 citations till now. The article focuses on the topics: Bearing (mechanical).read more
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Precautionary Saving, Credit Constraints, and Irreversible Investment: Theory and Evidence From Serniarid India
Marcel Fafchamps,John Pender +1 more
TL;DR: In this article, the authors investigate the extent to which poor households are discouraged from making a non-divisible but profitable investment using data on irrigation wells in India, and they estimate the parameters of a structural model of irreversible investment.
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Measuring Producers' Risk Preferences: A Global Risk-Attitude Construct
TL;DR: In this paper, the authors investigated whether risk-attitude measures rooted in the expected utility framework are related to measures derived from responses to multi-item scale framework and found that the different risk attitudes are related, and that the global riskattitude construct is significantly related to farmers' intention to use futures contracts.
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Internal organization and economic performance: an empirical analysis of the profitability of principal firms*
TL;DR: In this paper, the authors explore the relationship between a particular kind of decentralized and divisionalized internal hierarchical structure -what Oliver Williamson has called the "M-Form" innovation and firm profitability.
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Imperfect competition, concentration and growth with firm-specific R & D
TL;DR: In this paper, the authors present a model of growth based on innovation, where high-tech firms cover the fixed cost of R and D out of operating profits and sell output in a market with imperfect competition.
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Learning in the village economy of Denmark. The role of institutions and policy in sustaining competitiveness
TL;DR: The benefits of an international division of labour is never illustrated more clearly than in small developed nations like Denmark as discussed by the authors, where the specialisation chosen is mainly in low-tech goods, where the risk of sudden domestically damaging changes in technology or demand are relatively small.