In this paper, we: 1. Provide a conceptual discussion of the “portfolio” of mechanisms used by farms and households to adjust to price, income and wealth shocks. Farms adjust their production activities and employment to maximize profits given changes in relative prices and factor returns....

While previous research on cash transfer programs has primarily concentrated on micro-economic effects, this paper analyzes general equilibrium effects of social transfer policies using a computable general equilibrium model applied to Cambodia. It identifies the potential impact of these...