Purpose: The purpose of this paper is to analyze the impact of microcredit on per capita income of farm households in Cameroon. It discusses short- and long-term implications of access to microcredit on income poverty. Design/methodology/approach: The authors interviewed rural households with...

Two important reasons for the limited access to formal credit experienced by rural small farmers in developing countries are information asymmetry and lack of collateral. For formal lenders, these conditions present a challenge to prudent risk management. Sustainable agriculture in sub-Saharan...

This paper measures the relative efficiency of 50 municipal police departments in New York State using an output-oriented data envelopment analysis programming model and finds that 30 departments are efficient, while 20 could improve their efficiency. Adoption of best practice methods in the 20...

Increasing penalty structures for repeat offenses are ubiquitous in penal codes, despite little empirical or theoretical support. Multi-period models of criminal enforcement based on the standard economic approach of Becker (1968) generally find that the optimal penalty structure is either flat...