Dynamic field experiments in development economics: Risk valuation in Morocco, Kenya, and Peru

Travis J. Lybbert, Francisco B. Galarza, John McPeak, Christopher B. Barrett, Stephen R. Boucher, Michael R. Carter, Sommarat Chantarat, Aziz Fadlaoui, Andrew Mude

Research output: Contribution to conferencePaperpeer-review

22 Scopus citations

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. Copyright 2010 Northeastern Agricultural and Resource Economics Association.
Original languageEnglish
Pages176-192
Number of pages17
DOIs
StatePublished - 1 Jan 2010
Externally publishedYes
EventAgricultural and Resource Economics Review -
Duration: 1 Jan 2010 → …

Conference

ConferenceAgricultural and Resource Economics Review
Period1/01/10 → …

Keywords

  • Dynamics
  • Experiments
  • Kenya
  • Morocco
  • Peru
  • Poverty
  • Risk and uncertainty

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