A simple structural estimator of disclosure costs
Review of Accounting Studies
2020
25(1), 201-245
To make high-quality research more accessible and easier to explore.
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3 results
A simple structural estimator of disclosure costs
Time to Change What to Sow: Risk Preferences and Technology Adoption Decisions of Cotton Farmers in China
This paper examines the role of individual risk attitudes in the decision to adopt a new form of agricultural biotechnology in China. I conducted a survey and a field experiment to elicit the risk preferences of Chinese farmers, who faced the decision of whether to adopt genetically modified Bt cotton a decade ago. In my analysis, I expand the measurement of risk preferences beyond expected utility theory to incorporate prospect theory. I find that farmers who are more risk averse or more loss averse adopt Bt cotton later. Farmers who overweight small probabilities adopt Bt cotton earlier.
Property Rights, Land Misallocation, and Agricultural Efficiency in China
This article examines the impact of a property rights reform in rural China that allowed farmers to lease out their land. We find the reform led to increases in land rental activity in rural households. Our results indicate that the formalization of leasing rights resulted in a redistribution of land toward more-productive farmers. Consequently, output and aggregate productivity increased by 8% and 10%, respectively. We also find that the reform increased the responsiveness of land allocation across crops to changes in crop prices.