Showing 1 - 10 of 17
The paper focuses in the calculation of the oil capital value in a small open economy depending on oil rents. The Venezuelan case is used as an example. In valuing the oil capital, two issues are recalled and discussed: how should the exploration costs and the capital gains be treated? It is...
Persistent link: https://www.econbiz.de/10005385384
We analyse river sharing games in which a set of agents located along a river shares the available water. Using … coalition theory, we find that the potential benefits of water trade may not be sufficient to make all agents in the river … cooperate and acknowledge property rights as a prerequisite for trade. Specifically, a complete market for river water may not …
Persistent link: https://www.econbiz.de/10010541206
Data on the growth performances of countries with similar comparative (dis)advantage and political institutions reveal a striking variation across world regions. While some former autocracies such as the East Asian growth miracles have done remarkably well, others such as the Latin American...
Persistent link: https://www.econbiz.de/10009320995
We explore the nature of Business Groups, that is network-like forms of hierarchical organization between legally autonomous firms spanning both within and across national borders. Exploiting a unique dataset of 270,474 headquarters controlling more than 1,500,000 (domestic and foreign)...
Persistent link: https://www.econbiz.de/10010640989
This paper presents theoretical and empirical evidence on the nexus between corruption and democracy. We establish a political economy model where the effect of democracy on corruption is conditional on income distribution and property rights protection. Our empirical analysis with...
Persistent link: https://www.econbiz.de/10008828379
The economic literature of property rights has been assessing the impact of different community based arrangements on the efficiency of natural resource management of specific areas. Differently, other strands of development economics and policy-oriented research have been concerned with issues...
Persistent link: https://www.econbiz.de/10005230870
Why has the expansion of women’s economic and political rights coincided with economic development? This paper investigates this question, focusing on a key economic right for women: property rights. The basic hypothesis is that the process of development (i.e., capital accumulation and...
Persistent link: https://www.econbiz.de/10008465538
analyse the welfare effects of these reforms in Italy, with particular attention to water and energy goods. The first step is …
Persistent link: https://www.econbiz.de/10005385483
of water pollution deriving from mismanaged drilling and fracturing, absence of adequate regulation framework and …
Persistent link: https://www.econbiz.de/10010732280
by the utilities after two decades of reforms? We focus on electricity, gas, water, telephone in the EU 15 Member States …
Persistent link: https://www.econbiz.de/10005423199