We examine how media coverage of fluctuations in the price of agricultural commodities affects these prices and their volatility. We develop a unified empirical framework to analyze the media's effects on both returns and volatility using insights from the literature. We use daily prices of...

This paper measures the rural households' willingness to pay (WTP) for access to public telephone services in Bangladesh and Peru through contingent valuation methods. The development of contingent valuation methods together with the econometric expansion of qualitative response models has...

This paper attempts to assess three main issues on Peruvian telecommunications technology: what are the main variables that explain the demand for access to telephone services; how important is access to telephone services in explaining the transition out of poverty, and what are the consumption...