Over long periods of human history, labor market equilibrium involved movements from low-wage areas to high-wage areas, a form of arbitrage under the implicit view that wage differentials corresponded to utility differentials. This “labor economics” view is likely to be viable as long as...

The paper discusses two approaches to spatial equilibrium in the labor market. The more traditional approach of labor economics assumes wage differentials represent arbitrageable differences in utility, with implications 1) that migration should be toward higher wage areas and 2) that migration...

Unusual changes in grain markets have been the source of major concerns for the Government of Ethiopia and its development partners. Increase in cereal price presented serious challenges to the implementation of country's food security programs. Local procurement of food by the WFP declined also...

Unusual changes in grain markets have been the source of major concerns for the Government of Ethiopia and its development partners. Increase in cereal price presented serious challenges to the implementation of country's food security programs. Local procurement of food by the WFP declined also...