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 effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such...

The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such...

This paper breaks new ground in the literature on bioprospecting by evaluating the local welfare effects associated with the successful bioprospecting-driven commercialization of argan oil in southwestern Morocco. The principal finding is that even when locals appear well-positioned to reap the...