The Green Revolution, which bolstered agricultural yields and economic well-being in Asia Latin America beginning the 1960s, largely bypassed sub-Saharan Africa. We study first randomized controlled trial of a government-implemented input subsidy program (ISP) Africa intended to foment Revolution. find that this temporary for Mozambican maize farmers stimulates Revolution technology adoption le...

This paper studies competition between firms when consumers observe a private signal of their preferences over products. Within the class structures that induce pure-strategy pricing equilibria, we derive are optimal for and those consumers. The firm-optimal policy amplifies underlying product differentiation, thereby relaxing competition, while ensuring purchase preferred product, maximizing t...

We introduce a search model where products differ in horizontal attributes and unobserved quality (“experience goods”), firms can establish reputation. show that the inability of consumers to observe before purchase significantly changes how frictions affect market performance. In equilibrium, higher costs reduce match values increase price but boost firms’ investment product quality. Under pla...

abstract main objective of this paper is the investigation the effect of support policies of government on income risk of poultry producers in iran for the 1989-2006. ccv index was used to investigate amount of variation that cause each support policies (market price support, support of agricultural inputs, outputs insurance) on income risk variation of producers. the results of this study show...

We explore how taste projection—the tendency to overestimate similar others’ tastes are one’s own—affects bidding in auctions. In first-price auctions with private values, projection leads bidders exaggerate the intensity of competition and, consequently, overbid—irrespective whether values independent, affiliated, or (a)symmetric. Moreover, optimal reserve price is lower than rational benchmar...

Elicitation mechanisms typically presume only money enters utility functions. However, nonmonetary objectives are confounders. In particular, psychologists argue people favor bets where ability is involved over equivalent random bets—a preference for control. Our new elicitation method mitigates control and determines that under the widely used matching probabilities method, subjects report bel...

The literature on the capitalization of agricultural policies documents that government subsidies can increase farmland values with attesting empirical evidence found in a variety programs. This study argues well-documented effect prices may not be directly related to disaster relief program (ADRP). On one hand, payments positively capitalize into prices. other shocks result farm income loss wh...