Highest and Best Use is often identified as the key concept supporting real estate use and value decisions. However, at best the concept has received ambiguous if not conflicting consideration as to its relevance in the literature of economics, finance, real estate, appraisal, and other areas of...

In the last decade, voluntary environmental programs have increased considerably in scope. A novel use of these programs is to di¤use new technology in industry as means to improving their environmental outcomes. This paper tests whether the US Environmental Protection Agency s Combined...

This paper shows how the ideas of Raúl Prebisch, from his early analysis of the Argentine business cycle to his in-depth view of the structural conditioning factors of growth in peripheral countries, have been guided by comprehensiveness and historical perspective. These two principles have...

En el presente trabajo retomamos la obra de Raúl Prebisch con el objetivo de estudiar temas relevantes en la determinación de la política económica en Argentina en la actualidad. Nuestro análisis se centra en tres aspectos esenciales de su obra: a) la fuerte relevancia de los impactos de...

Higher national incomes are correlated with political stability. Is this relationship causal? We test three theories linking income to conflict with new data on export price shocks. Price shocks have no effect on new conflict, even large shocks in high-risk nations. Rising prices, however,...

One of the most influential ideas in the study of political instability is that income shocks provoke conflict. “State prize” theories argue that higher revenues increase incentives to capture the state. “Opportunity cost” theories argue that higher prices decrease individual incen-tives...

Centralised targeting registries are increasingly used to allocate social assistance benefits in developing countries. This paper provides the first attempt to identify the relative importance of two key design issues for targeting accuracy: (1) which households to survey for inclusion in the...

Targeted cash transfer programs have been an important policy tool in developing countries. This paper considers (i) how the timing of transfers affects household expenditure and labor supply responses, and (ii) how household expectations shape our interpretation of those responses. We study...

Prior to the Asian financial crisis, social protection in Indonesia was largely based on informal arrangements. When the country sank into a deep social and economic crisis in 1998, the government had no alternative but to create new, more formal social safety nets explicitly aimed at helping...