A few weeks ago, students in my Law, Economics, and Organization seminar learned about the fair use doctrine of copyright law. From my slides on the topic:
Published March 7, 2011
Marc F. Bellemare Posts
Published March 7, 2011
Links for March 7, 2011
Here is a sample of interesting links I have come across over the last week:
Published March 6, 2011
More on Micro-Insurance
More often than not, economic underdevelopment is explained by development economists as being the consequence of multiple market failures. Among these market failures is the lack of insurance markets in most developing countries, which forces individuals and households into sinking considerable resources into averting major risks.
Suppose you are the head of a rural household in an African country. One such risk is the risk you will lose your assets. For example, you could lose some of your land as a consequence of land redistribution within the community, or a disease could decimate a significant fraction of your livestock.