Fair trade coffee is a cup half full, according to Raluca Dragusanu, Daniele Giovannucci, and Nathan Nunn in “The Economics of Fair Trade” (Journal of Economic Perspectives, Summer 2014, vol. 28, no. 3, pp. 217–36). We are not persuaded

This paper extends the existing literature on fair trade by incorporating the latest empirical analyses as well as responding to recent claims that even if fair trade is deemed to be an inefficient or ineffective tool toward poverty alleviation, there may nevertheless be other compelling reasons...

We develop a generalized theory of religious markets and apply its insights to archaic Greece, ancient Israel, and modern America. Our starting point is a simple game-theoretic model in which secular leaders enhance their power by influencing the location of sacred places. The model includes...

Purpose: Subsequent to the First World War, the French Government regulated the Champagne industry, and locked the status of protected (and excluded) grapes into the newAppellation d’Origine Contrôléesystem, forever altering the incentives and output of wine producers. The paper aims to...