The apparent divergence between producer and retail prices in the presence of a marketing chain is a common facet in agricultural industries. There is evidence to suggest that changes in producer prices are not passed on fully to changes in retail price, especially in the situation where...

The Global Correspondence Principle of Samuelson states that global comparative static results hold even in the absence of an initial stable equilibrium. This principle has been applied in recent studies of international trade with variable returns to scale to resolve paradoxical results with...

Amongst the South Pacific's least developed small island countries, Samoa has emerged as a successful economy. Its achievements of low inflation and high growth rates have been due to sustained fiscal adjustment programmes and appropriate monetary policy measures. This paper undertakes an...