We derive general explicit solutions to the investment-consumption model without the restrictive assumption of HARA or exponential utility function and without reliance on the existing duality or variational methods.

In this note I analyze situations where an entrepreneur needs external financing from an outside investor in order to start an investment project that will yield a profit for two consecutive periods. The value of second-period profit is the entrepreneur's private information. I show that the...

The State of Sustainable Coffee provides the first comprehensive overview of the market conditions facing, organic, fair trade and shade grown or eco-friendly coffees (termed 'sustainable' coffees). It outlines the volumes, trends, distribution channels, major players, and price premiums in 12...

The objective of this study is twofold: First, (a) it evaluates the outcomes and outputs of technical assistance to SEZs in Laos; (b) it assesses the relevance of those results to the objectives of sustainable economic growth and job creation; and (c) it identifies any shortcomings that still...

This study on resource exports evaluates the potential impact of resource-led export growth on the external sector as a whole and its feed-through effects on the production of domestic goods and the services industries. Of particular importance is the implications of those resource exports on...