Entrepreneurs starting new firms face two sorts of asymmetric information problems. Information about the quality of new investments may be private, leading to adverse selection in credit markets. And, entrepreneurs may not observe the quality of workers applying for jobs, resulting in adverse...

We study the trading dynamics in an asset market where the quality of assets is private information of the owner and finding a counterparty takes time. When trading of a financial asset ceases in equilibrium as a response to an adverse shock to asset quality, a large player can resurrect the...

The study evaluates economic and financial returns of the shift from indigenous type of breed to cross-breed dairy cattle for milk production. Ethiopia is characterised by the high cost of cross-breed heifers making the transition for the poor households almost impossible without a support from...

Peru's Camisea gas fields hold nearly ninety percent of the country's natural gas reserves. In the 1990s, the government insisted on prioritizing Camisea gas for domestic consumption. The revocation of this policy in the 2000s allowed the private developers to export forty percent of Camisea's...

Milk is one of the main sources for the livelihood of pastoralists around the world. Somali Region in Ethiopia is famous for the high density of livestock, implying significant potential for milk production. The perishable nature of the milk and the absence of the milk processing facilities do...

The objective of this study is to identify the economic feasibility of the investment made to establish a commercial slaughterhouse facility in Faafan village, Somali Regional State, Ethiopia. Although the financial feasibility of the facility is essential for the project, the main purpose of...

The objective of this study is to identify if the subsidized interest rates’ loans from micro-finance institutions in Ethiopia used to purchase and fatten small ruminants (lambs and kids) allow the poor households to substantially increase their annual income. A deterministic cost-benefit...

Ethiopia is characterized by the high cost and poor access or inaccessibility of livestock feed concentrates. The producers of the concentrates operating in the market claim that the limited demand for their products prevents the expansion of the sector. A very limited research has been made to...

Ethiopian honey production is characterized by the widespread use of traditional technology resulting in relatively low honey supply and poor quality of honey harvested when compared to the potential honey yields and quality gains associated with modern beehives. Modern beehive yields around...

The main objective of the study is to estimate an annual income increase of land constrained Ethiopian households, now growing maize, from either shift to the mono-cropping of red haricot beans or to the intercropping the beans with maize. The study revealed that mono-cropping of red haricot...