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Price Liberalization and Farmer Welfare Under Risk Aversion: Cotton in Benin and Ivory Coast

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Author Info
Paul MAKDISSI () (D´epartement d’´economique and CEREF, Universit´e de Sherbrooke, 2550 boulevard de l’Universit´e, Sherbrooke, Québec, Canada, J1K 2R1)
Quentin WODON () (LCSPR, World Bank, 1818 H Street, NW, Washington, DC 20433, USA)

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Abstract

Commodity producers in Africa often bene?t from guaranteed and relatively stable prices for their crops. This paper shows how to estimate the required increase in crop price necessary to o¤set the higher risk for farmers that price liberalization would entail due to large variations over time in world commodity prices.

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File URL: http://pages.usherbrooke.ca/gredi/wpapers/04_09_pm.pdf
File Format: application/pdf
File Function: First version, 2004
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Publisher Info
Paper provided by Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke in its series Cahiers de recherche with number 04-09.

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Length: 15 pages
Date of creation: 2004
Date of revision:
Handle: RePEc:shr:wpaper:04-09

Contact details of provider:
Postal: Sherbrooke, Qu�bec, J1K 2R1
Phone: (819) 821-7233
Fax: (819) 821-6930
Email:
Web page: https://qp.admnt.usherbrooke.ca/QuickPlace/gredi/Main.nsf/h_Toc/536568F95B90740A85257295005ABBC9/?OpenDocument
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Related research
Keywords: Cotton; Price liberalization; Risk Aversion; Poverty; Benin; Ivory Coast.;

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Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
I30 - Health, Education, and Welfare - - Welfare and Poverty - - - General
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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References listed on IDEAS
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  1. Badiane, Ousmane & Ghura, Dhaneshwar & Goreux, Louis & Masson, Paul, 2002. "Cotton sector strategies in West and Central Africa," Policy Research Working Paper Series 2867, The World Bank. [Downloadable!]
    Other versions:
  2. Paul Makdissi & Quentin Wodon, 2003. "Risk-adjusted measures of wage inequality and safety nets," Economics Bulletin, Economics Bulletin, vol. 9(1), pages 1-10. [Downloadable!]
  3. Porter, Gina & Phillips-Howard[malt], Kevin, 1997. "Comparing contracts: An evaluation of contract farming schemes in Africa," World Development, Elsevier, vol. 25(2), pages 227-238, February. [Downloadable!] (restricted)
  4. Minot, Nicholas & Daniels, Lisa, 2002. "Impact of global cotton markets on rural poverty in Benin," MTID discussion papers 48, International Food Policy Research Institute (IFPRI). [Downloadable!]
    Other versions:
  5. Joseph G. Eisenhauer & Luigi Ventura, 2003. "Survey measures of risk aversion and prudence," Applied Economics, Taylor and Francis Journals, vol. 35(13), pages 1477-1484, September. [Downloadable!] (restricted)
  6. Akiyama, Takamasa & Baffes, John & Larson, Donald F. & Varangis, Panos, 2003. "Commodity market reform in Africa : some recent experience," Policy Research Working Paper Series 2995, The World Bank. [Downloadable!]
    Other versions:
  7. repec:bep:eapcon:v:3:y:2004:i:1:p:1194-1194 is not listed on IDEAS
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