This study analyzes how risk attitudes influence the agricultural productivity of men and women in a subSaharan African … increase risk taking, the productivity of female-owned plots goes down. The study controls for various socio-economic factors …

agriculture is much stronger in the medium run than in the short run. This is because the indirect PR effect – a multiplier effect …

We study the impact of incomplete consumption risk-sharing on land misallocation in rural economies. We develop a … shocks and insure themselves by participating in a risk-sharing arrangement. Incomplete insurance distorts households …' choices, leading them away from maximizing expected incomes and resulting in land misallocation. Using the latest ICRISAT …

I develop a method to measure and separate the production misallocation caused by failures in factor markets versus … financial markets. When I apply the method to rice farming villages in Thailand I find surprisingly little misallocation …. Optimal reallocation would increase output in most villages by less than 15 percent. By 2006 most misallocation comes from …

endogenously from unobservable savings or labor supply decisions. The endogeneity of wealth implies that high risk individuals may … irregular-crossing preferences. In our model, both risk and patience (or productivity) are privately observable. In contrast to … longer exhibit a monotone relation between risk and coverage. Individuals who purchase larger coverage are no longer higher …

. We show that the presence of insurers privately and heterogeneously informed about risk can explain the concentration … levels, the persistent profitability and the pooling of risk observed in some insurance markets. Furthermore, we find that a …