Via partnership agreements, the EU provides African countries with access to its markets, and asks for compliance with a given set of good governance norms and procedures. While the EU markets are significant for African countries, African markets are not significant for the EU: This asymmetric...

Wine is an experience good and also (at least under certain circumstances and to a certain extent) a conspicuous consumption good. As such, wine buyers should be willing to pay a premium for regional reputation to avoid risk and to send signals about their wealth and social status. At the same...

Via partnership agreements like the Cotonou Partnership Agreement, the EU provides African countries with access to its markets and asks for compliance with a given set of good governance norms and procedures. While the EU markets are significant for African countries, African markets are not...

In addition to legal constraints and social-psychological barriers, in a post-conflict setting mutually beneficial economic transactions might not occur due to the widening gap between the health, quality, and environmental standards of the parties. A lack of incentives during the years of...