| dc.creator | Zuleta, Hernando | |
| dc.date.accessioned | 2015-09-18T15:21:09Z | |
| dc.date.available | 2015-09-18T15:21:09Z | |
| dc.date.created | 2015-09-18T15:21:09Z | |
| dc.date.issued | 2006 | |
| dc.identifier | Zuleta, H. (2006). Poor people and risky business. Bogotá: Universidad del Rosario. | |
| dc.identifier | http://repository.urosario.edu.co/handle/10336/10826 | |
| dc.identifier | https://doi.org/10.48713/10336_10826 | |
| dc.description.abstract | We try to explain why economic conflicts and illegal business often take place in poor countries. We use the concept of subsistence level of consumption (d) and assume a regular concave utility function for consumption levels higher than d. For consumption levels lower than d utility is constant and equal to zero. Under this framework poor agents are risk-lovers. This result helps to explain why economic conflicts are more likely to appear in poor economies and why poor agents are more willing to undertake illegal business. | |
| dc.language | spa | |
| dc.publisher | Universidad del Rosario | |
| dc.publisher | Facultad de Economía | |
| dc.relation | Serie documentos de trabajo. No 7 (Octubre 2006) | |
| dc.relation | https://ideas.repec.org/p/col/000092/003356.html | |
| dc.relation | No. 7 | |
| dc.relation | Serie Documentos de trabajo. Economía | |
| dc.rights | info:eu-repo/semantics/openAccess | |
| dc.rights | Abierto (Texto completo) | |
| dc.rights | Atribución-NoComercial-SinDerivadas 2.5 Colombia | |
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| dc.source | Zuleta, H. 2004 “Persistence and Expansion of Guerrilla Activities: the case of Colombia” Journal of Income Distribution, forthcoming. | |
| dc.source | instname:Universidad del Rosario | |
| dc.source | instname:Universidad del Rosario | |
| dc.source | reponame:Repositorio Institucional EdocUR | |
| dc.title | Poor people and risky business | |
| dc.type | workingPaper | |
