Why do images and reports of starving and malnourished Africans appear so often in the media? What are the actual dimensions of the problem? What has trade and climate got to do with it? In How Africa Eats: Trade, Food Security and Climate Risks,…
The objectives of this article are to develop a partial equilibrium model for a dairy sector according to two approaches—“Quantity Formulation” and “Price Formulation”—and to show their equivalence under the assumption of perfect competition. We…