This study estimates the effects of a large discrete maize price increase on the welfare of a sample of rural Kenyan households. The usual first-order welfare approximation formula is extended to a second-order formula that allows for supply and demand responses to the price change. Results show...

There is growing concern that the HIV/AIDS epidemic may reduce long-term human capital development through reductions in child schooling in SSA, thus severely limiting the longterm ability of orphans and their extended families to escape poverty. In response, some have called for targeted...