Continuation of an exchange between Michael De Alessi and Michael Kremer from the April 2004 issue of EJW.

IN “ELEPHANTS†CHARLES MORCOM AND I ARGUE THAT THE economics of open-access, storable natural resources, such as ivory, differ fundamentally from those of nonstorable, open-access resources, such as fish (Kremer and Morcom 2000). In general, overharvesting of open-access resources...

Many open-access resources, such as elephants, are used to produce storable goods. Anticipated future scarcity of these resources will increase current prices and poaching. This implies that, for given initial conditions, there may be rational expectations equilibria leading to both extinction...

El presente informe tiene por objeto proporcionar a las autoridades ecuatorianas, en forma conjunta e integral, los diagnósticos y las recomendaciones de política del Banco Mundial y del Banco Interamericano de Desarrollo en las áreas de gestión fiscal y del gasto público. En este segundo...

Mobile phone-based informational programs are widely used worldwide, though there is little consensus on how effective they are at changing behavior. We present causal evidence on the effects of six agricultural information programs delivered through text messages in Kenya and Rwanda. The...