Financing technology poses a special challenge to economic institutions for several reasons. First, the uncertainty surrounding all the investment decisions is particularly acute and pervasive in the case of Ramp;D, as well as developing and testing process and product innovation. Second, while...

This study develops a model of social supply, based on the hypothesis that society desires that efficient producers remain in business even if their enterprise is too small to withstand the losses caused by extreme price declines. The analysis shows that this concept can be linked to the desire...

"This next regime of climate change rules must be targeted toward reducing GHGs as cheaply and quickly as possible. Developing countries and their farmers are key to meeting this objective. First, land-use changes and practices in developing countries must be included in mechanisms for reducing...

The authors argue that government policies in agriculture have been costly and misdirected worldwide. For them, this inefficiency need not continue. The Urugauy Round is an ideal opportunity for developed and developing nations to strike a bargain. They suggest 1) making agricultural trade...

Our analysis, based on the ICRISAT panel survey of villages in the semi-arid region of south India, confirms the income stabilizing effect of the Employment Guarantee Scheme in India. Variability of household income is measured by an unconditional variance of residuals of an income equation. A...