"This paper provides new empirical evidence to the debate on the optimal locus of power over environmental policymaking in developing countries. The authors develop a simple lobby group model with mobile capital. The model predicts that a decentralized institutional structure leads to weaker...

Three billion people will be added to the world ' s population over the next 50 years and 2.8 billion people today already live on less than $2 a day-almost all in developing countries. Ensuring these people have access to productive work and a better quality of life is the core development...