Income Diversification as Income Maximizing Strategy
DOI:
https://doi.org/10.25071/1874-6322.19660Abstract
In a simple model, I demonstrate that the U-shaped relationship between income and income diversification typically found in developing countries can be explained without any risk considerations. It might be the result of pure income maximization in an environment with limited possibilities.Downloads
Published
2011-02-05
How to Cite
Lechthaler, W. (2011). Income Diversification as Income Maximizing Strategy. Journal of Income Distribution®, 19(3-4). https://doi.org/10.25071/1874-6322.19660
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