Browsing CMI Open Research Archive by Subject "Investment Behavior"
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Myopic preferences or subsistence income? Why do rickshaw cyclists rent the cycle?
(CMI Working Paper WP 2012:1, Working paper, 2012-01-27)One year rent is sufficient to buy a rickshaw in the plains of Nepal, while a rickshaw will last many years, so purchase appears very profitable. Still most cyclists rent the rickshaw. Based on choices made by rickshaw ...