We address the issue of social distribution of an aggregate risk (on agricultural export price), in a macro-economic perspective. Individual incomes in representative social groups are computed as a function of export prices, which are assumed to be stochastic, using an applied general...

This paper analyses the recursivity of consumption and production decisions of agricultural households. This paper demonstrates that a necessary and sufficient condition of recursivity is that implicit prices of goods that are produced by a household or used as inputs are equal to market prices....

We study, in a model with unemployment, how labour market status affects the preferences for public spending, whether in the form of a public good or subsidies. We then derive the implications for the dynamics of government expenditures, under the hypothesis of majority voting.