A large share of international trade occurs through intra-firm transactions. We show that this common cross-border organization of the firm has implications for the well-documented incomplete transmission of shocks across such borders. We present new evidence of an inverse relationship between a...

The successor to the Kyoto Protocol should impose national ceilings on rich countries’ greenhouse gas emissions and promote voluntary abatement by developing countries. Our proposal gives signatories the option of exercising an escape clause that relaxes their requirement to abate. This...

If a regulator is unable to measure firms’ individual emissions, an ambient tax can be used to achieve the socially desired level of pollution. With this tax, each firm pays a unit tax on aggregate emissions. In order for the tax to be effective,firms must recognize that their decisions...

Improved water harvesting and soil erosion control using the remarkably simple practice of contour stone bunding is shown to increase grain yields by 41% in low rainfall regions of Burkina Faso. Empirical results show that yield increases in food crops help foodbuying farm households import...

Using survey-data from Peru, this paper evaluates the impact of a pilot farmer-field-school (FFS) program on farmers’ knowledge of integrated pest management(IPM) practices related to potato cultivation. We use both regression analysis controlling for participation and a propensity score...

Temptation for tenants to under-report output levels under share contracts is undoubtedly high. There is evidence that theft of product occurs and that this affects the design of share contracts. In this case, the optimal output share is chosen to not only induce effort but also to reduce theft...

China’s record in reducing rural poverty has been nothing short of spectacular and should be a source of lessons for other countries. Rural poverty reduction is generally sought in the role of agriculture in contributing to farm incomes. However, non-farm employment in rural areas can...

Although many theoretical industrial organization models are based on the existence of a critical mass of exogenously “brand loyal†consumers, we find little empirical evidence supporting these assumptions in the orange juice retail market. There are very few loyal consumers. More...

Valuation of morbidity associated with childhood asthma is signi…cant both to policy and to non-market valuation methodologies. Our results show that household perceptions and beliefs, such as belief in one’s ability to predict and control asthma attacks, and relative perceptions of...

Non-strategic firms with rational expectations make investment and emissions decisions. The investment rule depends on firms’ beliefs about future emissions policies. We compare emissions taxes and quotas when the (strategic) regulator and (nonstrategic) firms have asymmetric information...