Cadot, Olivier; Dutoit, Laure; Olarreaga, Marcelo - Départment d'économétrie et d'économie politique … - 2005
The main objective of this paper is to provide estimates of the cost of moving out of subsistence for Madagascar's farmers. The analysis is based on a simple asset-return model of occupational choice. Estimates suggest that the entry (sunk) cost associated with moving out of subsistence can be...
