In May 2004 a conference was held at Cornell University entitled “75 Years of Development Research.”. Apart from the usual array of theoretical and empirical papers on development, a number of panels took stock of the state of development economics and discussed a range of methodological...

The impact of government decentralization on economic performance and growth is a hotly contested issue. Waves of decentralization occurred in many developing countries over the past few decades, following the demise of a development paradigm in which centralized states played a leading role...

We analyze race discrimination in labor markets in which wage offers are posted. If employers with job vacancies receive multiple applicants, they choose the most qualified but may choose arbitrarily among equally qualified applicants. In the model, firms post wages, workers choose where to...

Should the law restrict liability of defaulting borrowers? We abstract from possible benefits arising from limited rationality or risk-aversion of borrowers, contractual incompleteness, or lender moral hazard. We focus instead on general equilibrium implications of liability rules with moral...

Throughout Africa, per capita food production has been declining since the early 1960s. Cameroon has sought to counter this trend by increasing agricultural productivity through research and extension. In order to establish future investment priorities, policy makers need to know if past...

A major role of agricultural policy is to identify policy changes that may induce technological innovation and productivity growth throughout the food system, in order to increase the living standards of people who must relate to it in one way or another. While food market reform has been...

Adoption of the improved maize package was particularly rapid during the period 1980-86 when an attractive guaranteed price was offered and extension activities were reinforced by a maize project that included the establishment of a seed multiplication program. Following cereal market price...