The table below shows the average production among three farmers in Oommo Nadda, a village in...

 

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The table below shows the average production among three farmers in Oommo Nadda, a village in rural Ethiopia. On average, production among these three farmers is 50 quintals per year. The table below shows production this year. Assume that the three farmers have a full risk sharing agreement that includes only themselves. Fill out the table with the appropriate numbers. (10 points) Name of farmers Rashid Ahmed Ibrahim Average harvest among three farmers 50 50 50 Harvest for each person this year 83 52 45 Amount consumed (after informal insurance) Idiosyncratic Aggregate shock shock The table below shows the average production among three farmers in Oommo Nadda, a village in rural Ethiopia. On average, production among these three farmers is 50 quintals per year. The table below shows production this year. Assume that the three farmers have a full risk sharing agreement that includes only themselves. Fill out the table with the appropriate numbers. (10 points) Name of farmers Rashid Ahmed Ibrahim Average harvest among three farmers 50 50 50 Harvest for each person this year 83 52 45 Amount consumed (after informal insurance) Idiosyncratic Aggregate shock shock

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