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private utility derived from the project. We develop a simple model that allows for an intelligent design of contracts when … the optimal set of contracts under asymmetric information involves two different contracts. One in which green landowners … are somewhat overcompensated for projects of high quality, and one where conventional landowners are offered contracts …
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In this paper, we study the effect of share issue privatization (SIP) on private investment and financial market under incomplete risk diversification. Risk neutrality and imperfect intertemporal substitutability make investment decreasing in privatization (crowding-out effect). Vice-versa with...
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India has a large positive trade balance in the apparel sector and is ranked among the top 10 apparel exporting countries. However, of late, its export growth has stagnated and the country is facing competition in key export markets such as the United States and the European Union from other...
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The Appellate Body of the WTO has been in abeyance since December 11, 2019. The situation has been brought about by the US veto on filling up vacancies in the Appellate Body on account of its dissatisfaction withits functioning. Although WTO Members have been discussing proposals to set the...
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This contribution provides a cost-benefit analysis in a partial equilibrium framework to investigate the welfare consequences of a prohibitive regulatory non-tariff measure (NTM) in the form of a sanitary and phytosanitary (SPS) measure aimed at a foreign product with perceived negative...
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