We develop a model in which a profit-maximizing monopolist with uncertain cost of production sells to loss-averse, yet rational, consumers. We first introduce (portable) techniques for analyzing the demand of such consumers, and then investigate the monopolist's pricing strategy. Compared to...

Angesichts des globalen Wettlaufs um Afrikas Ressourcen ist die EU darauf aus, Wirtschaftliche Partnerschaftsabkommen (EPAs) mit afrikanischen Staaten bis Oktober 2014 abzuschließen. Diese EPAs sind sollen nicht nur der Liberalisierung des Handels dienen, sondern auch die Wirtschaftsentwicklung...

This article provides a review of literature on African Agency and the drivers of change within EU–African trade politics in negotiations on Economic Partnership Agreements between the European Union and African governments.

Trade can and should play an important role in making progress to achieve the Sustainable Development Goals. This includes trade and investment in services, as realizing many of the goals is conditional on improved performance of services sectors in developing countries. The global environment...

Special and Differential Treatment for Developing Countries (SDT) constitutes a central feature of the GATT/WTO system. Its formal goal is to foster export-led growth in developing countries. Its theoretical foundations and empirical support are, however, weak at best. In particular, SDT...

The paper focuses on the role played by Trade Related Institutions (TRIs) in shaping trade flows and their development impact in low-income countries and how these TRIs are shaped by international trade. Three types of TRIs are examined: i) trade agreements; ii) trade promotion organizations;...

Bangladesh's international image is not as a popular tourism destination, and many people might be surprised to learn it has three World Heritage sites, including the Sundarbans tiger reserves. Moreover, it is part of important travel circuits for cultural and religious tourism, and has...

African countries have sought to replicate the success of East Asia by implementing special economic zones. Despite decades of international experience, there remains no blueprint for successful special economic zone policies, and the majority of special economic zones fall well below...

At a time when regional production networks have been resurgent, especially in Asia, why has India's integration in regional markets had not been deeper? Using highly disaggregated trade data and an analysis of industry perspectives based on semi-structured interviews with a sample of firms and...

In the paper the authors proved that China's growth towards dominance in international trade has begun recently, but, on average, the growth of China's trade volume has doubled every four years over the past three decades. The paper analyses that the rapid growth of the Chinese economy provides...