Chapter 1 examines the question of how to sell a firm when potential buyers do not know how many other potential buyers there are. The seller can choose to sell the firm either through bilateral negotiations or through an auction. In equilibrium, if the seller observes the number of buyers...
Forest Politics in Colonial and Postcolonial Kenya, 1940-1990s Alphonse Omondi Otieno In the period 1940-1990s, the Kenyan forestry policy evolved from an emphasis on preservation to a combination of programs which embodied both rural Africans' interests and practices and state interests in environmental issues. Using four cases from the western...