opportunities depends on the nature of institutions. When institutions are strong, new opportunities or windfalls can have positive … effects. But when institutions are weak they can have negative effects. We present a simple model to illustrate how … comparative statics are conditional on the nature of institutions and show how this perspective helps to unify a large number of …

We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially … a sequence of bad actions originated. Assuming that both sides are not extremists, spirals of distrust and conflict get … this mechanism can be useful in interpreting cycles of ethnic conflict and international war, and how it also emerges in …

partnership between governments, multilaterals, such as the Bank, and the bilateral institutions, the private sector, and civil …