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dc.contributor.authorHolden, Stein Terje
dc.contributor.authorBezu, Sosina
dc.coverage.spatialEthiopianb_NO
dc.date.accessioned2018-01-25T12:35:02Z
dc.date.available2018-01-25T12:35:02Z
dc.date.issued2014
dc.identifier.urihttp://hdl.handle.net/11250/2479659
dc.description.abstractWe used a field experiment to investigate exchange asymmetries in productive assets among poor rural respondents in Ethiopia. Farmers were randomly allocated two types of productive assets or cash, with a choice to keep the productive asset (cash) or exchange it for cash (productive asset). To introduce productive asset variation, a durable asset (farm tool) and a short-term input (fertilizer) were randomly allocated and combined with a random amount of cash. Loss aversion was proxied with a separate experiment and was used to assess the importance of endowment effect theory to explain exchange asymmetries. A greater exchange asymmetry was found for the more popular tool than for fertilizer. Loss aversion could explain a small but significant part of the exchange asymmetry in tools, but experience did not reduce the exchange asymmetry. Compared to the female respondents, the male respondents exhibited greater exchange asymmetries and more non-linear price responses with declining elasticities as prices increased.nb_NO
dc.language.isoengnb_NO
dc.publisherNorwegian University of Life Sciences, Åsnb_NO
dc.relation.ispartofseriesCLTS Working paper;2014:13
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.no*
dc.titleTools, fertilizer or cash? : exchange asymmetries in productive assetsnb_NO
dc.typeWorking papernb_NO
dc.subject.keywordLosses
dc.subject.keywordMarkets
dc.subject.keywordAssets
dc.subject.keywordProductivity
dc.subject.keywordElasticity of demand
dc.subject.keywordField experimentation


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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
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