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Battaglini, Marco - 2016

In recent decades, democratic countries have signed hundreds of international environmental agreements (IEAs). Most of these agreements, however, are weak: they generally do not include effective enforcement or monitoring mechanisms. This is a puzzle in standard economic models. To study this...

Persistent link: https://www.econbiz.de/10012455712

Who Holds Sovereign Debt and Why It Matters

Fang, Xiang; Hardy, Bryan; Lewis, Karen K. - National Bureau of Economic Research - 2022

This paper studies the impact of investor composition on the sovereign debt market and the implied funding costs to borrowers. We construct an aggregate data set of sovereign debt holdings by foreign and domestic bank, non-bank private, and official investors for 95 countries over twenty years....

Persistent link: https://www.econbiz.de/10013210115

The WTO : Theory and Practice

Bagwell, Kyle - 2009

We consider the purpose and design of the World Trade Organization (WTO) and its predecessor, GATT. We review recent …

Persistent link: https://www.econbiz.de/10012463204

The Role of International Organizations in the Bretton Woods System

Dominguez, Kathryn M. - 1992

This paper examines the roles played by organizations in maintaining the Bretton Woods System. Theory indicates that even if countries understand that cooperation will lead them to a Pareto superior outcome, they need not cooperate unless they are convinced that other countries are also...

Persistent link: https://www.econbiz.de/10012475030

Is the Emphasis on Cofinancing Good for Environmental Multilateral Funds?

Kotchen, Matthew J.; Vogt, Andrew - National Bureau of Economic Research - 2023

International environment and development agencies increasingly emphasize external cofinancing when selecting projects to fund. This paper considers whether the emphasis on cofinancing helps promote institutional objectives, or creates perverse and inefficient incentives. We present a model of...

Persistent link: https://www.econbiz.de/10014322845

Determinants of Privatization Prices

Lopez-de-Silane, Florencio - 1996

Generating government revenue is a common objective in privatization. This paper asks: what determines privatization … actions prior to privatization. The data, gathered from primary sources, encompass 361 privatized Mexican companies in 49 four …-digit industry codes. The determinants of auction privatization prices are divided into three groups: (1) company performance and …

Persistent link: https://www.econbiz.de/10012473365

The Economic Theory of Public Enforcement of Law

Polinsky, A. Mitchell - 1999

This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory, focusing on the probability of imposition of...

Persistent link: https://www.econbiz.de/10012471807

What's Missing in Environmental (Self-)Monitoring : Evidence from Strategic Shutdowns of Pollution Monitors

Mu, Yingfei; Rubin, Edward; Zou, Eric - National Bureau of Economic Research - 2021

Regulators often rely on self-reported data to determine compliance. Tolerance for missingness in self-monitoring data may create incentives for local agents to strategically decide when (not) to monitor regulated activities. This paper builds a framework to detect whether local governments skip...

Persistent link: https://www.econbiz.de/10012510614

Japanese Foreign Exchange Interventions, 1971-2018 : Estimating a Reaction Function Using the Best Proxy

Ito, Takatoshi - 2020

We analyze the history of Japanese foreign exchange interventions from 1971 to 2018. First, we provide the best proxy for monthly interventions for the period from 1971 to 1990, when the intervention timings and amounts were not officially disclosed. The accuracy of the proxy is tested for the...

Persistent link: https://www.econbiz.de/10012479168

States Taking the Reins? Employment Verification Requirements and Local Labor Market Outcomes

Ayromloo, Shalise - 2020

We estimate the impact of state-level "E-Verify" legislation that mandates employment eligibility verification for private-sector workers. We document declines in formal sector employment and employment turnover after mandate passage, with effects concentrated among those likeliest to be...

Persistent link: https://www.econbiz.de/10012479200

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