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'Economique de la Faculte d'administration à l'Universite 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: D81 D63 I30 O13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr and nep-agr
Date: 2004
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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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