Cocoa is a classic Third World cash crop. It is produced mostly by small, poor farmers in Africa, while its products - chocolate and sun tan oil - are consumed by rich consumers in North America and Europe. A few West African economies are highly dependent on foreign exchange earned from cocoa...

The 1960s through the 1980s were very productive of new theory and empirical insight into the sources of technical change. In this paper I argue that each of the three approaches that have been advanced--induced technical change, evolutionary theory and path dependence--is approaching a dead...

We hypothesize two sources for sheepskin effects – signaling, and diplomas tied to jobs with downwards rigid wages. These theories have implications for diploma effects not only in the first, but also the second moments of the Mincerian earnings distribution that we are able to identify using a...

Fisheries managers use licenses as a method of capping the size of a fishing industry, but as management goals change and the size of fishery stocks fluctuate, managers may be faced with the decision to buy back licenses. The vast majority of economic literature on license buyback programs...

The article builds on the growing importance of knowledge as a strategic resource for maintaining the competitive advantage of abusiness. We illustrate one of the initiatives contributing to effective knowledge transfer by describing a case study approach which suggestshow universities might...

In this study we use a N-person differential game structure to represent a renewable resource industry in which the decision agents are few in number and noncooperative (as would be the case, for example, in international fishing wars). As an illustration we assume an environment similar to that...

This study estimates the dynamic impacts of the seafood industry and investigates multivariate relationships between basic and nonbasic sectors. The study regions are two fishery-dependent regions in Alaska, which are heavily dependent on extra-regional inputs such as non-resident labor and...

Replaced with revised version of paper 07/29/10.

I study the economic consequences of shifting bargaining power in relational contracts through interventions such as the formation of a Bargaining Group (BG) for the side of sellers in a market where buyers traditionally hold significant market power. Existing theories of relational contracts...

A changing world of increasing complexity, fluctuating prices, high energy costs and limited data necessitate creative blending of economic theory and available empirical statistics to understand the welfare impacts in a specific market. In this paper, a programming approach is used in tandem...