Wealth, Risk and Activity Choice: Cattle in Western Tanzania.
Imperfect credit markets force households to use their savings for investment. Profitable activities often require lumpy investments, limiting entry by poorer households, resulting in increasing welfare differences. In Tanzania, cattle are a profitable but lumpy investment and a liquid asset for con...
| Main Author: | |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
1998
|