Steve Boucher

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Adoption of new agricultural technologies may be discouraged by their inherent riskiness. We implemented a randomized field experiment to ask whether provision of insurance against a major source of production risk induces farmers to take out loans to invest in a new crop variety. The study sample was composed of roughly 800 maize and groundnut farmers in(More)
In this paper we evaluate the impact of credit constraints on agricultural productivity in a context where insurance mechanisms are weak. We develop a simple model that illustrates how different manifestations of credit constraints all have a negative impact on farm productivity. We then empirically explore the relationships between farm productivity and(More)
This paper provides a methodological bridge leading from the well-developed theory of credit rationing to the less developed territory of empirically identifying credit constraints. We begin by developing a simple model showing that credit constraints may take three forms: quantity rationing, transaction cost rationing, and risk rationing. Each form of(More)
Does production risk suppress the demand for credit? We implemented a randomized field experiment to ask whether provision of insurance against a major source of production risk induces farmers to take out loans to adopt a new crop technology. The study sample was composed of roughly 800 maize and groundnut farmers in Malawi, where by far the dominant(More)
Impact evaluation based on randomized controlled trials (RCTs) offers a powerful tool that has fundamentally reshaped development economics. RCTs nonetheless suffer important, underappreciated pitfalls, some intrinsic to the method when applied to economic problems, others the result of methodological boosterism. Among the pitfalls are ethical dilemmas,(More)
This paper provides an empirical examination of the frequency and determinants of two forms of non-price rationing in rural credit markets in northern Peru. Quantity rationing is the conventional form of non-price rationing whereby a household with positive demand for credit is denied access. Risk rationing, in contrast, occurs when a household voluntarily(More)
The International Children's Palliative Care Network (ICPCN) held its first international conference on children's palliative care, in conjunction with Tata Memorial Centre, in Mumbai, India, from 10-12 February 2014. The theme of the conference, Transforming children's palliative care-from ideas to action, reflected the vision of the ICPCN to live in a(More)
Moral hazard and adverse selection impede the development of formal crop insurance markets in developing countries. Besides, the risk mitigation provided by informal risk-sharing arrangements is restricted by their inability to protect against covariate shocks. In this context, index-based insurance is seen as a promising scheme as it is immune to moral(More)