This article provides a methodological bridge leading from the well-developed theory of credit rationing to the less developed territory of empirically identifying credit constraints. We begin by developing a simple model showing that credit constraints may take three forms: quantity rationing,...

We develop a model that shows that asymmetric information can result in two types of credit rationing: conventional quantity rationing, and “risk rationing,” whereby farmers are able to borrow but only under high-collateral contracts that offer them lower expected well-being than a safe,...

The availability of immigrant farm-workers from Mexico is a critical factor affecting the U.S. fresh fruit and vegetable sector. This paper uses retrospective panel data from rural Mexico to examine the impact of the North American Free Trade Agreement and the Immigration Reform and Control Act...

This paper examines the impact of land titling in coastal Peru on the beneficiaries of this program. Specifically, the paper uses data from a survey of 304 farmers to examine the effect of land titling on access to credit, on-farm investment, the use of conservation techniques and the...

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 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...

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...

Summary This paper examines why farm households seek informal loans in Piura, Peru, where formal lenders offer loans at lower interest rates. A panel data econometric analysis reveals that the informal sector serves various types of clients: households excluded from the formal sector but also...