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Describe Ehntholt & Yule's (2006)model for Intervention

question 29

Essay

Describe Ehntholt & Yule's (2006)model for intervention. How can this model be used to treat the effects of armed conflict?


Definitions:

Producer Surplus

The divergence between what producers are prepared to agree on for a sale of goods or services and the resultant financial gain.

Consumer Surplus

represents the difference between what consumers are willing to pay for a good or service and what they actually pay, indicating economic welfare.

Tax Revenue

The income generated by the government through the imposition of taxes on goods, services, income, and transactions.

Opportunity Costs

The cost of the next best alternative foregone when a decision is made to choose one option over another.

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