This paper reports on and analyzes primary survey data obtained from a survey of household heads on the rural village of Nshakazhogwe, a typical rural village in northeast Botswana. It examines the associations between the incidence of poverty of household heads in this village and the values of...

Botswana’s average economic growth rate of about 8 per cent during 1985-2005 is one of highest in the world. A major contributor of this growth was mining which, in 2005/06, had a 41.4 per cent share of GDP. Various government welfare and empowerment programmes indicate that redistribution of...

Insurance contracts are frequently modelled as principal--agent relationships. Although it is commonly assumed that the principal, in this case the insurer, has complete freedom to design the contract, the problem formulation in much of the principal--agent literature presumes that the contract...

Game-theoretic analysis is a well-established part of the toolkit of economic analysis. In crucial respects, however, game theory has failed to deliver on its original promise of generating sharp predictions of behavior in situations where neoclassical microeconomics has little to say....

This note gives a simple, but useful characterization of optimism and pessimism represented by a convex and concave shift of probability weighting functions, and applies it to two comparative static analysis.

Although middle income countries such as Botswana are credited with reliable data that are used in poverty measures, it is sometimes argued that the time lags between data generations or surveys are too wide. The Household Income and Expenditure Survey (HIES) in Botswana takes place every 10...

Reports responses to interviews conducted in three rural villages in Eastern India in January 2000 as well as replies to questions asked at a forest meeting in West Bengal of groups/persons interested in rural women and development. The questions were designed to provide information on...

Sustainability issues and matters involving the conservation of biodiversity are no longer new subjects for environmental policy. Nevertheless, they are of continuing interest, there are always new dimensions to consider and unresolved questions remain. In fact, it may only be now that we are...

Introducing a stocking rate restriction is one possible course of action for regulators to improve water quality where it is affected by nitrate pollution. To determine the impact of a stocking rate restriction on a range of New Zealand dairy farms, a whole-farm model was optimised with and...

Ecological, evolutionary and economic issues involved in introducing genetically modified organisms (GMOs), mainly in agriculture, are discussed. The ecological and evolutionary impacts identified hamper (economic) valuation of GMOs and their biosafety regulation and creates difficulties for...