Where nations depend on resources originating outside their borders, such as river water, some believe that the resulting international tensions may lead to conflict. Homer-Dixon (1999) and Toset et al. (2000) argue such conflict is most likely between riparian neighbours, with a militarily...

In this paper, distribution and welfare effects of changes in block price systems are evaluated. A method is discussed to determine, for a Marshallian demand function, equivalent variation in case of a block price system. The method is applied to analyze welfare and distribution effects of...

This paper considers vertical price relationships between wholesalers and retailers on five local maize markets in Benin. We show that if the common factor and the long-run disequilibrium error are not explicitly taken into account in testing the channel model, one can easily be wrong about how...