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The investment decisions of small‐scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana...
Persistent link: https://www.econbiz.de/10013065210
In discussing the paradoxical violation of expected utility theory that now bears his name, Maurice Allais noted that individuals tend to “greatly value” payoffs that are certain. Allais' observation would seem to imply that people will undervalue insurance relative to the predictions of...
Persistent link: https://www.econbiz.de/10012911082
This paper examines whether agricultural insurance can boost investment by small scale farmers in West Africa. We …
Persistent link: https://www.econbiz.de/10013300931
We estimate the general-equilibrium labor market effects of a large-scale randomized intervention in which we designed and marketed a rainfall index insurance product across three states in India. Marketing agricultural insurance to both cultivators and to agricultural wage laborers allows us to...
Persistent link: https://www.econbiz.de/10013060688
Recent evaluations of traditional microfinance loans have found no significant impacts on borrower incomes or productive activities. We examine whether this can be remedied by (a) modifying loan features to facilitate financing of working capital needs of farmers, and (b) delegating selection of...
Persistent link: https://www.econbiz.de/10013043280
This paper addresses the role of tropical disease in rural demography and land use rights, using data from Onchocerciasis (river blindness) control in Burkina Faso. We combine a new survey of village elders with historical census data for 1975-2006 and geocoded maps of treatment under the...
Persistent link: https://www.econbiz.de/10013078849
We study the impact of plausibly exogenous global food price shocks on local violence across the African continent. In food-producing areas, higher food prices reduce conflict over the control of territory (what we call "factor conflict") and increase conflict over the appropriation of surplus...
Persistent link: https://www.econbiz.de/10012965423
In an experiment providing fertilizer grants to women rice farmers in Mali, we found that women who received fertilizer … increased both the quantity of fertilizer they used on their plots and complementary inputs such as herbicides and hired labor … level of output, we find no evidence that profits increased. Our results suggest that fertilizer's impact on profits is …
Persistent link: https://www.econbiz.de/10013087062
While many developing-country policymakers see heavy fertilizer subsidies as critical to raising agricultural … politicized, inefficient distribution of fertilizer supply. We model farmers as facing small fixed costs of purchasing fertilizer … patient, such farmers may procrastinate, postponing fertilizer purchases until later periods, when they may be too impatient …
Persistent link: https://www.econbiz.de/10013070983
deficits among smallholders in Sub-Saharan Africa (SSA). Farmers delay in particular the uptake of technology packages. Since …
Persistent link: https://www.econbiz.de/10012840008