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Agricultural Decisions after Relaxing Credit and Risk Constraints

Karlan, Dean S.; Osei, Robert; Osei-Akoto, Isaac; Udry, … - C.E.P.R. Discussion Papers - 2012

leads to significantly larger agricultural investment and riskier production choices in agriculture. The salient constraint … to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face … basis risk associated with the index insurance, and with imperfect trust that promised payouts will be delivered. …

Persistent link: https://www.econbiz.de/10011083318

Hoard Behavior During Commodity Bubbles

De Paula, Áureo; Hong, Harrison G; Singh, Vishal - C.E.P.R. Discussion Papers - 2015

supermarket scanner data on US household purchases during the 2008 Rice Bubble, we show that hoarding is in fact more systemic …, which spilled over into US markets. Anticipating shortages, US households with previous purchases of rice, especially those … through over-extrapolation from high prices and contagion, as many households bought rice for the first and last time during …

Persistent link: https://www.econbiz.de/10011184086

Disagreement and Flexibility: A Theory of Optimal Security Issuance and Capital Structure

Boot, Arnoud W A; Thakor, Anjan - C.E.P.R. Discussion Papers - 2003

In this Paper we introduce flexibility as an economic concept and apply it to the firm’s security-issuance decisions and capital structure choice. Flexibility is the ability to make decisions that one thinks are best even when others disagree. Firms value flexibility because it allows...

Persistent link: https://www.econbiz.de/10005666532

Are We All Better Drivers than Average? Self-Perception and Biased Behaviour

Brocas, Isabelle; Carrillo, Juan D - C.E.P.R. Discussion Papers - 2002

This Paper studies a model where individuals have imperfect self-knowledge and learning is costly. It shows that the endogenous decision to collect information before taking an action creates a systematic and testable bias in the aggregate behaviour of agents in the economy. More precisely,...

Persistent link: https://www.econbiz.de/10005792500

EU Trade Barriers in the Agri-food Sector: When Protection Breeds Dependence

Cadot, Olivier; Gallezot, Jacques; Suwa Eisenmann, Akiko - C.E.P.R. Discussion Papers - 2009

This paper looks for firm-level evidence that high rates of protection breed concentration of firm activities into highly protected sectors, endogenously generating vested interests in the maintenance of protection. We combine data on the EU’s trade protection for food and agricultural...

Persistent link: https://www.econbiz.de/10004972169

Self-Selection into Credit Markets: Evidence from Agriculture in Mali

Beaman, Lori; Karlan, Dean S.; Thuysbaert, Bram; Udry, … - C.E.P.R. Discussion Papers - 2014

We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with...

Persistent link: https://www.econbiz.de/10011083397

The Agricultural Origins of Time Preference

Galor, Oded; Özak, Ömer - C.E.P.R. Discussion Papers - 2014

This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...

Persistent link: https://www.econbiz.de/10011083828

Do Oil Price Increases Cause Higher Food Prices?

Baumeister, Christiane; Kilian, Lutz - C.E.P.R. Discussion Papers - 2013

corn, soybeans, wheat and rice received by U.S. farmers have been more substantial and can be linked in part to increases … events or for that matter U.S. biofuel policies help explain the evolution of the real price of rice, which is perhaps the …

Persistent link: https://www.econbiz.de/10011084483

The Potato's Contribution to Population and Urbanization: Evidence from an Historical Experiment

Nunn, Nathan; Qian, Nancy - C.E.P.R. Discussion Papers - 2009

We exploit regional variation in suitability for cultivating potatoes, together with time variation arising from their introduction to the Old World from the Americas, to estimate the impact of potatoes on Old World population and urbanization. Our results show that the introduction of the...

Persistent link: https://www.econbiz.de/10005039579

Lobbying and Agricultural Trade Policy in the United States

Gawande, Kishore; Hoekman, Bernard - C.E.P.R. Discussion Papers - 2006

losses from distortionary policy in agriculture. We show that the puzzle can be resolved by extending the model to allow …

Persistent link: https://www.econbiz.de/10005661492