This study estimates the effects of a large discrete maize price increase on the welfare of a sample of rural Kenyan households. The usual first-order welfare approximation formula is extended to a second-order formula that allows for supply and demand responses to the price change. Results show...

The overall objective of this discussion paper is to advance the knowledge on rural livelihoods in Stung Treng, Cambodia. In a cluster analysis, five clusters with very different livelihood strategies are identified based on a sample of 600 rural households. Despite the fact that nearly all...

Analysis of livelihood strategies can aid to understand and resolve problems associated with vulnerability to poverty and food security. This paper aims to identify and describe the changes in rural livelihood activities by using household data for 2013 and 2014 collected in Stung Treng,...

This study assesses the impact of rice price shock on household welfare in rural Bangladesh using the first- and second-order welfare measures and 2015 Bangladesh Integrated Household Survey (BIHS) data. We find that the increase in rice price reduces the welfare of the households and increases...