This paper presents a framework for analyzing the structure of contracts for public-private partnerships (PPP) that produce products and services that generally include mixtures of both public and private goods. A three-stage framework, sourced with the incomplete contracting and control rights...

We discuss the literature on natural resources and violent conflict. The theoretical literature is rich and ambiguous, and the empirical literature is equally multifaceted. Theory predicts that resource booms or discoveries may attenuate or accentuate the risk of conflict, depending on various...

Between 1950 and 2030, the share of the world's population that lives in cities is predicted to grow from 30% to 60%. This urbanization has consequences for the likelihood of climate change and for the social costs that climate change will impose on the world's quality of life. This paper...

The emergence of urban-rural space, as evidenced by the expansion of low-density exurban areas and growth of amenity-based rural areas, is characterized by the merging of a rural landscape form with urban economic function. Changing economic conditions, including waning transportation and...

Over the past quarter-century, Chile has proven that the unthinkable is possible: A middle-income, natural resource–producing nation can have a fiscal policy that is both stable and sustainable. The core of this policy has been very simple: Act responsibly, design policy for the long run, and...