Suppose that the crop yield of corn farmers in Iowa depends solely on rainfall levels. Also suppose

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Suppose that the crop yield of corn farmers in Iowa depends solely on rainfall levels. Also suppose that every part of the state gets approximately the same amount of rain as every other part in any given year. Will the corn farmers of Iowa be able to effectively use pooling to reduce their exposure to risk? Why or why not?
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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