Can Risk Averse Competitive Input Providers Serve Farmers Efficiently in Developing Countries
AbstractUnder price ceilings and quality floors for agricultural inputs in cash crop sectors in developing countries where credit markets are weak, imperfect information on the ability of farmers to pay for their inputs at the end of the cropping season may lead the decentralized production of those inputs by risk averse private input providers to be inefficient. A coordinating agency and/or subsidies for new farmers could help to produce and distribute more agricultural inputs, thereby increasing the profits for input providers while also enabling more farmers to produce the crops that are key to their livelihood.
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Bibliographic InfoPaper provided by University of Ottawa, Department of Economics in its series Working Papers with number 0808E.
Length: 12 pages
Date of creation: 2008
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Farm inputs; Risk Aversion; Price Control; Public Good;
Other versions of this item:
- Makdissi, Paul & Wodon, Quentin, 2009. "Can risk averse competitive input providers serve farmers efficiently in developing countries ?," Policy Research Working Paper Series 4922, The World Bank.
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-25 (All new papers)
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