This article presents a model of commercial fishing in a stochastic environment that focuses on the labor-employment contract. In a partial equilibrium context, the authors show that when boat owners and crew members are risk-averse, crop sharing is the optimal contract, and the resultant labor...

Guided by the frame work of a household model under credit market failure, this paper aims at investigating the impact of access to credit on the adoption of hybrid maize among households that vary in their credit constraints. The data used in the study is from Malawi collected by the...

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This paper investigates the effects of network based individual social capital on the access of rural households to services. In the context of development economics, an innovative data collection approach is used to determine network based social capital. The approach originates from the field...

The dynamics of a population and a resource are investigated in a maximin model based on Brander and Taylor’s stylization of Easter Island, in order to consider the sustainability of the society represented. There are continua of both regular and non-regular maximin solutions, the type...

Provides a sketch of Bangladesh’s socio-economic performance in the light of the UN’s Millennium Development Goals. After providing some background on these goals and on Bangladesh, this article considers trends in the incidence of poverty and hunger in Bangladesh, access to education and...

Forest managers in developing countries enforce extraction restrictions to limit forest degradation. In response, villagers may displace some of their extraction to other forests, which generates “leakage†of degradation. Managers also implement poverty alleviation projects to...

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