Although capital is often portrayed as being more internationally mobile than labor, the theory of labor migrations typically ignores capital flows. Economic historians provide long-term evidence suggesting close linkages between capital and labor movements for “high†labor...

An analysis of prospects for deriving self-enforcing, global, greenhouse gas emission mitigation agreements is provided. Policy spillovers and carbon leakages are accounted for. Situations where mitigation effort should be concentrated in particular countries and where efficient outcomes can be...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>The implications of risk, investment irreversibility and learning for infrastructure project assessment are considered, using investment in desalination as a case study. Both qualitative insights from ‘real options’ approaches and arguments based on...</p>