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This article contributes to the understanding of neo-endogenous rural development from the perspective of evolutionary game theory. Rural development is modelled as the increasing realisation over time of gains from interaction by rural stakeholders. The model exhibits two dynamically stable...
Persistent link: https://www.econbiz.de/10010711508
The article contributes to the understanding of neo-endogenous rural development from the perspective of evolutionary game theory. Rural development is modelled as the increasing realisation over time of gains from interaction by rural stakeholders. The model exhibits two dynamically stable...
Persistent link: https://www.econbiz.de/10011614391
Decollectivisation in post-Soviet agriculture has generally been slow except for islands of complete individualisation. Our model interlinks two types of critical mass phenomena that can explain these outcomes. First, positive network externalities reshape decollectivisation incentives after a...
Persistent link: https://www.econbiz.de/10008546171
The objective of this paper is to investigate credit rationing of Polish farms. The analysis is based on cross-section survey data and motivated by a microeconomic farm household model. The results suggest that more than 40 per cent of borrowers experience pronounced credit rationing by rural...
Persistent link: https://www.econbiz.de/10005569730
Persistent link: https://www.econbiz.de/10005569767
The objective of this paper is to empirically detect credit rationing of Polish farms. Based on cross-sectional survey data and motivated by a microeconomic farm household model, this effort is pursued by a methodology consisting of three interrelated steps. These steps include the analysis of...
Persistent link: https://www.econbiz.de/10004991689