Efficient information exchanges between sellers and buyers are essential if prices are to act as a signal for resource allocation in an economy. In the case of seed and planting materials, information on quality traits are often difficult for consumers (farmers) to obtain prior to purchase,...

Social networks play an important role in generating learning externalities that can drive the diffusion of innovative, and potentially poverty-reducing, technologies. This is particularly the case in developing countries where rural education, extension, and agricultural information services...

This paper investigate the effect of credit constraints on children’s academic performances in Vietnam. To estimate precise effect, this paper measures the credit constraints directly and address endogeneity of credit constraints. The results tell us that credit constraints have more effect on...

With the rapidly changing economic environments and numerous challenges hindering smallholders’ adoption of externally developed technologies, it is often argued that farmers’ innovations may be essential in the livelihoods of rural farm households and need to be promoted. Yet a rigorous...

In the context of bovine tuberculosis (bTB) control in New Zealand cattle, we address the problem of management under uncertain disease prevalence by integrating a model of disease transmission and Bayesian learning from testing. We show the implications of accounting for the full dynamic value...

We empirically address the implications of biofuel policy regarding major grains, to the subsequent evolution of the markets for calories from the three major grains, maize, wheat and rice. The implied market variables, namely, market price, consumption, and stocks, using a structurally...

This paper builds a model determining optimal capacities of diversion dams or water transfer projects. The model incorporates stochastic inflows to the dams and the role of the dam capacity in reducing overflows, and gives a closed-form expression of the marginal benefit of capacities....

Efforts to satisfy global energy demand and improve food security while simultaneously taking action to mitigate climate change pose many key challenges for the world. In this study, the Applied Dynamic Analysis of the Global Economy (ADAGE), a computable general equilibrium (CGE) model, is...

Food vs. Fuel, Cointegration analysis, VECM, agricultural prices, fuel prices

To date there is extremely limited knowledge of the economic consequences of post-harvest losses for smallholders in sub-Saharan Africa. Major contributors to economic losses are price penalties for poor quality marketed grain. This study investigates farm-gate level discounts demanded by rural...