The test on the presence of full insurance that is commonly employed does not take intoaccount that households also rely on buffer stocks to shield their consumption from incomeshocks. In this paper a test is developed that deals with this omission. It is shown that in thepresence of partial...

Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under risk. One of the few empirical applications of such models is the study by Rosenzweig and Wolpin (1993) who conclude that Indian farmers in the ICRISAT villages would not...

Russian agriculture in transition (1991-1998) was characterised by a production collapse due to aloss in quality and quantity of acreage, disinvestments, falling purchasingpower, and increasedimports. Neither traditional agriculture nor the nascent family farm sector havebeen able to ensure...