Replication data for: Demand and Supply of Infrequent Payments as a Commitment Device: Evidence from Kenya
Principal Investigator(s): View help for Principal Investigator(s) Lorenzo Casaburi; Rocco Macchiavello
Version: View help for Version V1
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dairy_replication_AER | 10/12/2019 07:52:AM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 03:52:AM |
Project Citation:
Casaburi, Lorenzo, and Macchiavello, Rocco. Replication data for: Demand and Supply of Infrequent Payments as a Commitment Device: Evidence from Kenya. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113209V1
Project Description
Summary:
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Despite extensive evidence that preferences are often time-inconsistent, there is only scarce evidence of willingness to pay for commitment. Infrequent payments for frequently provided goods and services are a common feature of many markets and they may naturally provide commitment to save for lumpy expenses. Multiple experiments in the Kenyan dairy sector show that: (i) farmers are willing to incur sizable costs to receive infrequent payments as a commitment device, (ii) poor contract enforcement, however, limits competition among buyers in the supply of infrequent payments. We then present a model of demand and supply of infrequent payments and test its additional predictions.
Scope of Project
JEL Classification:
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K12 Contract Law
L66 Food; Beverages; Cosmetics; Tobacco; Wine and Spirits
O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
O17 Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Q12 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Q13 Agricultural Markets and Marketing; Cooperatives; Agribusiness
K12 Contract Law
L66 Food; Beverages; Cosmetics; Tobacco; Wine and Spirits
O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
O17 Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Q12 Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Q13 Agricultural Markets and Marketing; Cooperatives; Agribusiness
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