In the “Knightian” theory of entrepreneurship, entrepreneurs provide insurance to workers by paying fixed wages and bear all the risk of production. This paper endogenizes entrepreneurial risk by allowing for optimal insurance contracts as well as the occupational selfselection. Moral hazard...

The motivation for this workshop came from two sources. First, under a project funded by USAID (AFR/SD/PSGE/TDT Office), Michigan State University (MSU) has been carrying out various activities to assist African national agricultural research systems (NARS) and regional organizations to improve...

Improving the Impact of Market Reform on Agricultural Productivity in Africa: How Institutional Design Makes a Difference Abstract: This paper reviews the emerging empirical record of agricultural marketing policy reform and agricultural productivity, drawing from research on food access and...

Des études récentes ont montré que la recherche agricole en Afrique peut avoir une rentabilité élevée, mais son impact dépend de l'adaptabilité des nouvelles technologies aux capacités et aux besoins changeants du secteur agricole et du reste de l'économie. Les politiques d'ajustement...