Dynamic Field Experiments in Development Economics: Risk Valuation in Morocco, Kenya and Peru

Agricultural and Resource Economics Review 39/2 (April 2010) 176–192

17 Pages Posted: 21 Jul 2015

See all articles by Travis J. Lybbert

Travis J. Lybbert

University of California, Davis - Department of Agricultural and Resource Economics

Francisco Galarza

University of Wisconsin - Madison - Department of Agricultural & Applied Economics

John G. McPeak

Syracuse University - Department of Economics

Christopher B. Barrett

Cornell University - Charles H. Dyson School of Applied Economics & Management

Stephen R. Boucher

University of California, Davis - Departments of Economics and Agricultural Resource Economics

Michael R. Carter

University of Wisconsin - Madison - Department of Agricultural & Applied Economics

Sommarat Chantarat

Australian National University - Crawford School of Economics and Government

Aziz Fadlaoui

Institut National de la Recherche Agronomique

Andrew G. Mude

Cornell University - Department of Economics

Date Written: April 2010

Abstract

The effective design and implementation of interventions that reduce vulnerability and poverty require a solid understanding of underlying poverty dynamics and associated behavioral responses. Stochastic and dynamic benefit streams can make it difficult for the poor to learn the value of such interventions to them. We explore how dynamic field experiments can help (i) intended beneficiaries to learn and understand these complicated benefit streams, and (ii) researchers to better understand how the poor respond to risk when faced with nonlinear welfare dynamics. We discuss and analyze dynamic risk valuation experiments in Morocco, Peru, and Kenya.

Keywords: poverty, risk and uncertainty, dynamics, experiments, Kenya, Morocco, Peru

Suggested Citation

Lybbert, Travis J. and Galarza, Francisco and McPeak, John G. and Barrett, Christopher B. and Boucher, Stephen R. and Carter, Michael R. and Chantarat, Sommarat and Fadlaoui, Aziz and Mude, Andrew G., Dynamic Field Experiments in Development Economics: Risk Valuation in Morocco, Kenya and Peru (April 2010). Agricultural and Resource Economics Review 39/2 (April 2010) 176–192. Available at SSRN: https://ssrn.com/abstract=2633624

Travis J. Lybbert

University of California, Davis - Department of Agricultural and Resource Economics ( email )

One Shields Avenue
Davis, CA 95616
United States

Francisco Galarza

University of Wisconsin - Madison - Department of Agricultural & Applied Economics

427 Lorch St.
Madison, WI 53706-1503
United States

John G. McPeak

Syracuse University - Department of Economics ( email )

Syracuse, NY 13244-1020
United States

Christopher B. Barrett (Contact Author)

Cornell University - Charles H. Dyson School of Applied Economics & Management ( email )

315 Warren Hall
Ithaca, NY 14853-7801
United States
607-255-4489 (Phone)
607-255-9984 (Fax)

HOME PAGE: http://aem.cornell.edu/faculty_sites/cbb2/

Stephen R. Boucher

University of California, Davis - Departments of Economics and Agricultural Resource Economics

United States

Michael R. Carter

University of Wisconsin - Madison - Department of Agricultural & Applied Economics ( email )

427 Lorch St.
Madison, WI 53706-1503
United States
608-263-2478 (Phone)

Sommarat Chantarat

Australian National University - Crawford School of Economics and Government ( email )

7107 Coombs Building
Canberra, ACT 0200
Australia
612 6125 3756 (Phone)
612 6125 3700 (Fax)

HOME PAGE: http://www.schantarat.com

Aziz Fadlaoui

Institut National de la Recherche Agronomique

BP. 578
km 13 Route Haj Kaddour
Meknes, 50000
Morocco

Andrew G. Mude

Cornell University - Department of Economics ( email )

414 Uris Hall
Ithaca, NY 14853-7601
United States

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