Insurance market efficiency and crop choices in Pakistan

This paper tests the efficiency of insurance markets in the Pakistan Punjab by examining how crop choices are affected by the presence of price and yield risk. We estimate reduced-form and structural models of crop choices. Although we cannot reject the hypothesis that village members efficiently sh...

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Bibliographic Details
Main Authors: Fafchamps, M, Kurosaki, T
Format: Working paper
Published: University of Oxford 2000