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

Paul Makdissi () and Quentin Wodon

Cahiers de recherche from Departement d'économique de l'École de gestion à l'Université de Sherbrooke

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.

Keywords: Cotton; Price liberalization; Risk Aversion; Poverty; Benin; Ivory Coast. (search for similar items in EconPapers)
JEL-codes: D63 D81 I30 O13 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2004
New Economics Papers: this item is included in nep-afr and nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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http://gredi.recherche.usherbrooke.ca/wpapers/04_09_pm.pdf First version, 2004 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:shr:wpaper:04-09

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