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 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...