This paper presents a simple two-period, dual economy model in which migration options may affect the informal financing of educational investments. When credit contracts are universally available and perfectly enforceable, spatially varied returns to human capital have no effect on educational...

We model interhousehold transfers between nomadic livestock herders as the state-dependent consequence of individuals' strategic interdependence resulting from the existence of multiple, opposing externalities. A public good security externality among individuals sharing a social (e.g., ethnic)...

Temporal climate risk weighs heavily on many of the world's poor. Recent advances in model-based climate forecasting have expanded the range, timeliness and accuracy of forecasts available to decision-makers whose welfare depends on stochastic climate outcomes. There has consequently been...

This paper summarizes a few key findings from a rich and growing body of research on the nature of rural poverty and, especially, the development policy implications of relatively recent findings and ongoing work. Perhaps the most fundamental lesson of recent research on rural poverty is the...

This paper addresses the broad question ofwhere to locate authority for tropical biodiversity conservation considering: (1) community-based natural research management (CBNRM) overreaches the indisputable place of local communities in tropical conservation efforts; (2) the most promise for...

Ecotourism, bioprospecting and non-timber product marketing have been promoted recently as market-based instruments for environment al protection, but without sound understanding of the resulting net conservation effects. We present evidence on the local effects of recent argan oil...

Ecotourism, bioprospecting and non-timber product marketing have been promoted recently as market-based instruments for environmental protection, but without sound understanding of the resulting net conservation effects. We present evidence on the local effects of recent argan oil...