We investigate consumer response to various types of advertising for fruits and vegetables—a food category which health officials uniformly agree is significantly underconsumed in the United States. Using an adult, non-student subject pool of participants in the experiment, consumers’...

This paper attempts to answer the following question: How, in economic terms, was being colonized by Portugal “different” for Lusophone African countries than was being colonized by France or Britain? Gervase Clarence-Smith addressed this question for the period after 1825, and comes to the...

Angola is more dependent on oil than any other country in Sub Saharan Africa and most other countries as well, apart from a handful of OPEC members. Contributing half or more of GDP, oil revenues condition and distort every other macroeconomic variable in the country, a situation that has...

This paper derives a dynamic version of the international CAPM. The exchange-rate risk factors and intertemporal hedging factors are derived endogenously in a model that builds upon Campbell (1993). We provide a theoretical foundation for empirical risk factors often used in international asset...

This is our contribution to the project on Conversations between Anthropologists and Economists, focusing on analysis of the Commons. The short note is in the form of a “talk and response” exchange, coming as close to a conversation as it is possible to do on the printed page. This is worth...

The sale of “green power” (electricity generated using renewable energy sources such as wind, solar or geothermal power) to non-residential customers at a premium is one of several market-based approaches for supporting renewables. Why would profit-maximizing firms or budget-conscious...

Standard economic analysis assumes the sets of public and private goods to be exogenously given. Yet societies very often choose the public-private mix, using resources to convert seemingly private goods into ones with public goods characteristics and vice versa. And, in practice, we see a...

The paper examines the trend towards university-wide programs in entrepreneurship education. We present a conceptual framework for dividing university-wide programs into two categories: “magnet programs,” which draw students into entrepreneurship courses offered in the business school, and...

The analysis finds that if high industrial prices for electricity induce industrial customers to leave the regulated grid for self-generation or contracts with IPPs, this raises rates for those remaining on the system and reduces quantities purchased. It is assumed that lower industrial sector...

This commentary poses a series of progressively harder questions in the economic analysis of growth, inequality and poverty. Starting with relatively straightforward analysis of the relationship between growth and inequality, the first level of hard questions come when we ask what policies and...