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A number of studies have indicated that one of the consequences of a development process is a rise in the consumers' subjective time preference rate (discount rate). This study first shows that many of the adverse economic observations in developing countries can emerge from a rise in the...
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Book Review of Amitrajeet A. Batabyal, Stochastic Models of Decision Making in Arranged Marriages, University Press of America Inc., Lanham, Maryland 20706, 2006, pp. 102. ISBN - 13:978-0-7618-3446-5.
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