Agriculture in India is characterised by high risk and uncertainty in price and output. The reliance on the minimum … support price mechanism has started showing its ill effects now. This paper attempts to study risk and uncertainty in … farming and futures trading as options to reduce risk in price volatility. The paper also tries to provide suitable …

We study the impact of incomplete consumption risk-sharing on land misallocation in rural economies. We develop a … shocks and insure themselves by participating in a risk-sharing arrangement. Incomplete insurance distorts households … panel data from rural India, we quantify the losses attributable to limited risk-sharing. Completing insurance markets leads …