Poor developing countries, faced with high levels of covariant risk ideally should spread this risk into the international risk market. How might this best be done - given that through diversification this market will tend to gain from absorbing this risk? Conglomerates of intermediate financial...

The conjectures examined are that: (i) advances in the medical knowledge are likely to have comparatively little (resp. considerable) impact on the rate of the growth of gross domestic product per capita (GDPPC) in a poor developing country if economic institutions are weak (resp. adequate);...

Two diverse Filipino village communities were intensively surveyed and then focus-group discussions were held among their members. These discussions indicated that members of the less well-off community, compared with the one which was better-off, see fewer benefits to be derived from investing...

Comparatively low levels of health and economic institutions are present in certain countries and not in others. Implications drawn from this observation are used to modify the Solow-Swan economic growth model. Conjectures are derived from the resulting model concerning what circumstances are...

Antonelli, over a hundred years ago, pioneered techniques of economic analysis which still can be usefully employed to provide apparently new insights in duality theory. This assertion is demonstrated through the applications of these techniques to derive specific results in duality theory....

Can unanimous (or nearly so) agreement be reached by members of a diverse community on a system of justice in distribution used to guide the re-distribution of endowments within this community? Arrow’s impossibility result suggests that this question will receive a negative answer if...