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Articles 1 - 4 of 4
Full-Text Articles in Behavioral Economics
Strategic Default In Joint Liability Groups: Evidence From A Natural Experiment In India, Xavier Gine, Karuna Krishnaswamy, Alejandro Ponce
Strategic Default In Joint Liability Groups: Evidence From A Natural Experiment In India, Xavier Gine, Karuna Krishnaswamy, Alejandro Ponce
Alejandro Ponce
Despite the high repayment rates claimed by microcredit programs around the world, some groups of borrowers eventually default and are subsequently disbanded. Exposure to common shocks and strategic default are reasons for the deterioration in group repayment but identification of the precise mechanism is difficult. In this paper we exploit an announcement issued by the Anjuman Committee of a town in southern India banning all Muslims from repaying their microfinance loans. Using administrative data we find that borrowers in Muslim-dominated groups have higher default rates after the announcement compared to the same borrowers with loans in Hindu-dominated groups. We conclude …
Consumer Demand For Domestic And Imported Broiler Meat In Urban Ghana: Bringing Non-Price Effects Into The Equation, Andrea E. Woolverton, Stephen Frimpong
Consumer Demand For Domestic And Imported Broiler Meat In Urban Ghana: Bringing Non-Price Effects Into The Equation, Andrea E. Woolverton, Stephen Frimpong
Stephen Frimpong
Ghana’s domestic poultry industry is one of many in West Africa that is seeking strategies to compete with imported poultry products. This study investigates if urban Ghanaian consumers are willing to pay for non-price attributes in poultry; hence, offering potential competitive niches. Consumer preferences in Accra, Ghana for domestic and imported chicken were studied using a choice based conjoint analysis. A total of 138 respondents who were directly purchasing broiler products were drawn randomly from both traditional and modern markets for inclusion into a revealed preference data collection. A conditional logistic regression model was used to estimate the part-worth of …
Ethics And The Economist: What Climate Change Demands Of Us, Julie A. Nelson
Ethics And The Economist: What Climate Change Demands Of Us, Julie A. Nelson
Julie A. Nelson
Climate change is changing not only our physical world, but also our intellectual, social, and moral worlds. We are realizing that our situation is profoundly unsafe, interdependent, and uncertain. What, then, does climate change demand of economists, as human beings and as professionals? A discipline of economics based on Enlightenment notions of mechanism and disembodied rationality is not suited to present problems. This essay suggests three major requirements: first, that we take action; second, that we work together; and third, that we focus on avoiding the worst, rather than obtaining the optimal. The essay concludes with suggestions of specific steps …
Bridging Vs. Bonding Social Capital And The Management Of Common Pool Resources, Kathy Baylis, Yazhen Gong, Shun Wang
Bridging Vs. Bonding Social Capital And The Management Of Common Pool Resources, Kathy Baylis, Yazhen Gong, Shun Wang
Kathy Baylis
Social capital can facilitate community governance, but not all social capital is alike. We distinguish bonding social capital (within a village) from bridging social capital (between villages), and we compare their effects on the management of a common pool resource. We develop a theoretical model and show that bonding social capital can improve common pool resource management, while the effect of bridging social capital is mixed. We test these findings using primary data from Yunnan, China on social capital and firewood collection on communal lands. We find that bonding social capital decreases the consumption of the common pool resource, and …