We analyze the individualization of farm units in Mali in the sense of a transformation of purely collective farms into mixed units in which private plots coexist with collective fields. Since a moral-hazard-in-team problem plagues production on the latter and the household head extracts his...

By shrinking the available menu of loan contracts, asymmetric information can result in two types of nonprice rationing in credit markets. The first is conventional quantity rationing. The second is ‘risk rationing.’ Risk rationed agents are able to borrow, but only under relatively high...

If we understand well the individualization of land tenure rules under conditions of growing land scarcity and increased market integration, much less is known about the mode of evolution of the family farms possessing the land. Inspired by first-hand evidence from West Africa, this paper argues...

We study the impact of a large-scale economic crisis on gender equality, using historical data from Kazakhstan in the late 19th–early 20th century. We focus on sex ratios (number of women per man) in Kazakh population between 1898 and 1908, in the midst of large-scale Russian in-migration into...

As in the case of agricultural cooperatives, collective fields in extended agricultural households act as an insurance device, by redistributing income between household members. At the same time they entail inefficiencies arising from the incentives to free ride on co-workers efforts....

We model the role of the informal credit sector in developing countries. The informational advantage of informal lenders is portrayed as the ability to monitor borrowers. Monitoring reduces the incentive problem and allows for contracts with lower collateral. This enables informal lenders to...

If we understand well the individualization of land tenure rules under conditions of growing land scarcity and increased market integration, much less is known about the mode of evolution of the farm-cum-family units possessing the land. Inspired by first-hand evidence from West Africa, this...