Continued Existence of Cows Disproves Central Tenets of Capitalism?
Continued Existence of Cows Disproves Central Tenets of Capitalism?
复制标题
奶牛的持续存在反驳了资本主义的核心原则？
DOI：
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发表时间：
2013
影响因子：
2
通讯作者：
Dean S. Karlan
中科院分区：
文献类型：
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作者：
S. Anagol;A. Etang;Dean S. Karlan
我们研究了印度农村拥有奶牛和水牛的回报。在劳动力以市场工资计价的情况下，家庭从饲养奶牛和水牛中获得了巨大的负中位数年回报，分别为-293%和-65%。假设劳动力价值为零，那么奶牛的中位数回报率为-7%，水牛为+17%（分别有51%和45%的家庭在奶牛和水牛上获得负回报）。如果经济回报为负，为什么家庭继续投资于牲畜，或者这些估计是错误的？我们讨论了为什么我们可能低估回报的原因，如果估计是准确的，为什么劳动力和牛奶市场的失败和社会规范仍然可能导致持续的畜牧业投资的原因。
We examine the returns from owning cows and buffaloes in rural India. With labor valued at market wages, households earn large, negative median annual returns from holding cows and buffaloes, at −293% and −65%, respectively. Making the stark assumption of labor valued at zero, median returns are then −7% for cows and +17% for buffaloes (with 51% and 45% of households earning negative returns for cows and buffaloes, respectively). Why do households continue to invest in livestock if economic returns are negative, or are these estimates wrong? We discuss reasons why we may be underestimating returns and also, if the estimates are accurate, reasons why labor and milk market failures and social norms may still lead to persistent livestock investments.
影响因子：
2
作者：
Attanasio O
通讯作者：
Attanasio O