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 journalArticle

17 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.

Original languageEnglish (US)
Pages (from-to)176-192
Number of pages17
JournalAgricultural and Resource Economics Review
Volume39
Issue number2
StatePublished - Apr 2010

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Keywords

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

ASJC Scopus subject areas

  • Agronomy and Crop Science
  • Economics and Econometrics

Cite this

Lybbert, T. J., Galarza, F. B., McPeak, J., Barrett, C. B., Boucher, S. R., Carter, M. R., Chantarat, S., Fadlaoui, A., & Mude, A. (2010). Dynamic field experiments in development economics: Risk valuation in Morocco, Kenya, and Peru. Agricultural and Resource Economics Review, 39(2), 176-192.