A common claim holds that investment treaties reduce the willingness of host countries to regulate foreign … replacement investment. This paper examines these claims in a stylised setting with a stranded investment and a potential … replacement investment, both of which are protected by an investment agreement. The paper shows how treaty protection weakens …

This paper empirically studies the role of fiscal constraints for disaster vulnerability and investment decisions in a … exposures to fiscal constraints realize higher returns, use higher discount rates in investment decisions, and invest less in …