We explore vulnerability to drought in Morocco by analyzing household coping responses to a severe drought. We find that nearly 25% of households increased or decreased their cultivated land via short-term land tenancy arrangements. We use this pattern to motivate a model in which drought shocks...

The present paper evaluates the effects of the use of improved cookstoves (ICSs) on household fuel expenditure in Southern Haiti. It takes advantage of the fact that approximately 80 households received ICSs, a novel technology, in the aftermath of the 2010 Haitian earthquake. Survey work in...

Off-farm earnings account for a substantial and growing share of household income among smallholder farmers in most of Sub-Saharan Africa, but evidence concerning the effects of these earnings on investment in food production remains sparse. Conceptually, some factors may push farm families to...

An evaluation of the risk-reducing effectiveness of the Livestock Gross Margin–Dairy (LGM-Dairy) insurance program, using historical futures price data, predicts economically significant reductions in downside margin risk (24–41%) across multiple regions. Supply analysis based on...

Potential poverty traps among the rural poor suggest a need to reduce poor farmers' vulnerability by stabilizing crop yields and limiting yield losses. Advances in biotechnology will help address this need directly with crops that tolerate climate fluctuation or resist biotic stresses....

Potential poverty traps among the rural poor suggest a need to reduce poor farmers?vulnerability by stabilizing crop yields and limiting yield losses. Advances in biotechnology will help address this need directly with crops that tolerate climate fluctuation or resist biotic stresses. Evaluating...

Income polarization directly affects monopoly pricing and profits when a monopolist cannot segment markets. When income and price elasticity of demand are negatively correlated, increasing income disparity ultimately leads the monopolist to target the rich at the exclusion of the poor. This...

The literature on economic growth and development has focused considerable attention on questions of risk management and the possibility of multiple equilibria associated with poverty traps. We use herd history data collected among pastoralists in southern Ethiopia to study stochastic wealth...

A growing literature on poverty traps emphasizes the links between multiple equilibria and risk avoidance. However, multiple equilibria may also foster risk taking behavior by some poor people. We illustrate this idea with a simple analytical model in which people with different wealth and...