The article has provided an unbiased discourse on the subject of market failure, with focus on the health service system (HSS) in Sierra Leone. It is acknowledged that market failure in the country's HSS is a real concern that has gone unchecked for decades by successive governments. In view of...

This paper offers a theoretical framework to analyze the implementability and performance of water rights buy-back schemes. On prediction of the model is that the success of the buy-back mechanism crucially depends on the effectiveness of the monitoring regime. When this is limited the...

This paper aims to offer a new perspective on the productivity enhancing impact of public capital. In contrast to the majority of the literature which addresses mainly infrastructure effects on national or regional growth, the present contribution argues that a much broader analytical viewpoint...

An Index of Drinking Water Adequacy (referred to as IDWA-I in this paper) was first proposed in 2007 for 23 member countries of the Asian Development Bank (ADB), and formed part of the Asian Water and Development Outlook (AWDO), 2007 brought out by the ADB. IDWA-I was obtained by averaging 5...

Most Americans take water for granted. Turn on the tap and a limitless quantity of high quality water flows for less money than it costs for cable television or a cell phone. The current drought has raised awareness of water scarcity, but most proposals for dealing with drought involve quick...

What does global trade mean for the environment of any particular place? It can produce place-based transformations that are both positive and negative. The Kuznets curve is often touted as a solution that resolves the conflict between trade promotion and environmental protection by purporting...

America’s national park system is widely admired, but the economic rationale for national parks is not compelling. The author discusses how market failures of various kinds can, in principle, be used to justify national parks. The best rationale for national parks is based on existence or...

This paper aims to offer a new perspective on the productivity enhancing impact of public capital. In contrast to the majority of the literature which addresses mainly infrastructure effects on national or regional growth, the present contribution argues that a much broader analytical viewpoint...

We study the association between resource rents and political stability, highlighting the importance of the distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are likely to be positively associated with the stability of a...

We study the association between resource rents and political stability, highlighting the importance of the distribution of political power as a mediating factor. We present a simple theoretical model showing that increased rents are likely to be positively associated with the stability of a...