The impact of no-fault divorce laws is still a hotly debated topic in Economics today. Some say no-fault divorce laws have had no influence on divorce rates; others say they have had a significant impact. This paper essentially claims that no-fault divorce has indeed had significant and often...

This paper examines the welfare effects of an international commodity transfer when the volume of the transfer is uncertain. It shows that, if there is strong risk aversion, the recipient (the donor) could be absolutely worse off (better off) as a result of such transfer.