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Price Liberalization and Farmer Welfare Under Risk Aversion: Cotton in Benin and Ivory Coast
Paul Makdissi ()
Quentin Wodon Cahiers de recherche from Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke
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: D81 D63 I30 O13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr and nep-agr
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Downloads: (external link) http://pages.usherbrooke.ca/gredi/wpapers/04_09_pm.pdf First version, 2004 (application/pdf)
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Persistent link: http://EconPapers.repec.org/RePEc:shr:wpaper:04-09
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