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dc.contributor.authorHolden, Stein Terje
dc.contributor.authorBezu, Sosina
dc.date.accessioned2018-12-11T09:07:50Z
dc.date.available2018-12-11T09:07:50Z
dc.date.created2018-12-10T11:24:31Z
dc.date.issued2018
dc.identifier.citationWorld Development. 2018, 115 268-278.nb_NO
dc.identifier.issn0305-750X
dc.identifier.urihttp://hdl.handle.net/11250/2577048
dc.description.abstractExchange asymmetries in individual decision-making have attracted substantial attention from economists since Thaler (1980) referred to the phenomenon that losses are weighted more heavily than gains as an ‘‘endowment effect” and related it to loss aversion and prospect theory. We 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 (tool or fertilizer) or cash, with a choice to keep the productive asset (cash) or exchange it for cash (productive asset). Loss aversion was proxied with a separate experiment and was used to assess the importance of endowment effect theory to explain exchange asymmetries. Our study finds a significant exchange asymmetry and a greater exchange asymmetry for the more popular tool than for fertilizer. Loss aversion could explain a small but significant part of the exchange asymmetry in tools, but trade experience did not reduce the exchange asymmetry. The findings are relevant for whether to use targeted in-kind or cash transfers to stimulate technology adoption and enhance food security among poor rural households. The results imply that in-kind transfers may stimulate input use or investments more than cash transfers.nb_NO
dc.language.isoengnb_NO
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.no*
dc.titleExchange asymmetries in productive assets: Tools, fertilizer or cash?nb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionpublishedVersionnb_NO
dc.source.pagenumber268-278nb_NO
dc.source.volume115nb_NO
dc.source.journalWorld Developmentnb_NO
dc.identifier.cristin1641003
cristin.unitcode192,11,0,0
cristin.unitnameHandelshøgskolen
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode2


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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
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