Much recent empirical work on intra-household allocation uses the axiomatic Nash Bargaining model to make predictions about how the distribution of consumption within the household will respond to individuals' income shocks. However, one of the basic axioms underlying this approach is that...

Agricultural cooperatives have long played an important role in helping their members manage risk. Yet the typical cooperative does a much better job of helping their members manage some sorts of risk than it does others. In particular, co-ops are good at helping members manage marketing risk,...