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Assurance complète, hétérogénéité des préférences et métayage au Pakistan

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  • Pierre DUBOIS

Abstract

Most of the empirical tests reject the complete markets hypothesis, but have serious methodological problems concerning the identification of preferences, the direction of the tests and their power. We study the risk sharing and consumption insurance achieved by rural households from three provinces of Pakistan dealing with these methodological problems and taking into account that preferences are heterogeneous. At last, we show that in Pakistan, agricultural contracts play an important role in risk sharing when markets are incomplete since households able to use sharecropping contracts, which permits to share production risks, are better insured.

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Bibliographic Info

Article provided by ENSAE in its journal Annals of Economics and Statistics.

Volume (Year): (2000)
Issue (Month): 59 ()
Pages: 1-35

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Handle: RePEc:adr:anecst:y:2000:i:59:p:01

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Cited by:
  1. Dubois, Pierre & Jullien, Bruno & Magnac, Thierry, 2007. "Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence," CEPR Discussion Papers 6060, C.E.P.R. Discussion Papers.
  2. Dubois, Pierre & Ligon, Ethan, 2010. "Nutrition and Risk Sharing within the Household," CUDARE Working Paper Series 1096, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
  3. Pierre André Chiappori & Bernard Salanié, 2002. "Testing Contract Theory: A Survey of Some Recent Work," CESifo Working Paper Series 738, CESifo Group Munich.

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