Group decision making under risk: An experiment with student couples

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In an experiment, we study risk-taking of cohabitating student couples, finding that couples’ decisions are closer to risk-neutrality than single partners’ decisions. This finding is similar to earlier experiments with randomly assigned groups, corroborating external validity of earlier results.

Experiments

Rainfall variability and food crop portfolio choice: evidence from Ethiopia

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This paper concerns the patterns of food crop choice in a multicropping setting, in which production risk considerations and rainfall uncertainty are likely to be critical factors.

Agriculture, Water

Opportunity costs of conservation: The case of protected area management in the Kakamega Forest, Western Kenya

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Knowing the local opportunity costs of restricting access to forest land and resources for conservation purposes is an important input to the design of cost-effective conservation schemes that minimize adverse effects on poor forest users.

 

Forestry, Policy Design

Risk Implications of Farm Technology Adoption in the Ethiopian Highlands

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Risk implications of farm technology adoption vary by technology type. If properly implemented, the safety net program and the weather insurance programs currently piloted in some parts of Ethiopia are actions that could hedge against downside risk.

Agriculture, Policy Design

The Role of Soil Conservation on Mean Crop Yield and Variance of Yield: Evidence from the Ethiopian Highlands

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Stone bunds in the Ethiopian highlands showed statistically significant and positive impact on yield in low-rainfall areas, but not in high-rainfall areas, and they did not have a statistically significant impact on production risk in either area.

 

Stone bund performance varied by agro-ecology type, which implies the need for appropriate technologies that enhance productivity and are better adapted to local conditions.

Agriculture