This study tests the theory of rationing, examining changes in household consumption behavior during the transition to a market economy in Poland, 1987–92. A model of consumption under rationing is developed and fitted to prereform quarterly data from the Polish Household Budget Survey. Virtual...

Pessimists on globalization claim that liberalization of markets allows multinational corporations free reign, constraining local autonomy and precipitating a "race to the bottom" that will endanger recent democratic gains. The optimists see the end of dirigiste economic models as favorable for...

Ghana has a relatively good international reputation with respect to political stability and macroeconomic reforms. However, its success with developing the private sector and attracting investment has at best been mixed. Therefore the new government that came into power in 2001 proclaimed a...

The MODERE, the Ministry of the Environment Irrigation Decision Model, is a simulation tool whichuses mathematical programming methods to reveal the implicit multiattribute objective function lyingbehind the observed cropping decision. The model takes different criteria such as profit...

When procurement contracts are awarded through competitive tendering participating firms commit ex ante to fulfil a set of contractual duties. However, selected contractors may find profitable to renege ex post on their promises by opportunistically delivering lower quality standards. In order...

This article deals with the analysis of the positive side of the foreign direct investments in the World´s economy. The importance of this research is derived from the significant role that can be played by foreign investments in industrialized and developing countries. Some countries are still...

Stated preference approaches are widely used in non-market valuation. However, their potential uses extend far beyond valuation. In particular they can be used to assess efficiency of resource allocations and to design optimal resource allocations. Changes to the government budget were evaluated...

The aim of this contribution is to examine how the French and theGerman positions on agricultural policy have developed since thefoundation of the EEC and what the driving forces were behind. The“general consensus” underlying the EEC treaty, and according towhich the common market would be...

At the end of 2010 there are more than 100 new preferential trade agreements being contemplated. At the same time there are approximately 200 existing trade agreements whose provisions leave large additional potential gains from trade on the table. Despite these potential benefits, there appears...

The debate about the governance of complex systems of production represents a rich branchof the literature of applied organization theory. The particular application to agro‐relatednetworks is a relevant example since agriculture plays new roles in modern society. The coreof the analysis is...