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Cooperation and Reciprocity in Carbon Sequestration Contracts
Salas, Paula Cordero - 2017
This paper studies the role of cooperation and reciprocity on the structure of self-enforcing carbon sequestration contracts. The optimal contract is derived as a result of the optimizing actions of purely self-interested agents, and agents that act according to social or egoistic preferences....
Persistent link: https://www.econbiz.de/10012974200
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Contractual Frictions and the Margins of Trade
Azomahou, Theophile T. - 2018
A growing body of work has shown that the quality of national institutions that enforce written contracts plays an important role in shaping a country's comparative advantage. Using highly disaggregated bilateral and unique harmonized firm-level trade data across a large number of countries,...
Persistent link: https://www.econbiz.de/10012908606
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Markets, Contracts, and Uncertainty in a Groundwater Economy
Giné, Xavier - 2018
Groundwater is a vital yet threatened resource in much of South Asia. This paper develops a model of groundwater transactions under payoff uncertainty arising from unpredictable fluctuations in groundwater availability during the agricultural dry season. The model highlights the trade-off...
Persistent link: https://www.econbiz.de/10012935857
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Contracting for the Second Best in Dysfunctional Electricity Markets
Nikandrova, Arina - 2017
Power pools constitute a set of sometimes complex institutional arrangements for efficiency-enhancing coordination among power systems. Where such institutional arrangements do not exist, there still can be scope for voluntary electricity-sharing agreements among power systems. This paper uses a...
Persistent link: https://www.econbiz.de/10012973035
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Triggers of Contract Breach : Contract Design, Shocks, or Institutions?
Nose, Manabu - 2017
This paper constructs a large contract-level data set to examine factors that trigger breach of foreign investment contracts. Similar to the case of outright expropriation, political regime type is an important determinant of breach of contract. Furthermore, although investors' bargaining power...
Persistent link: https://www.econbiz.de/10012973624
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Development and the Interaction of Enforcement Institutions
Dhillon, Amrita - 2016
The authors examine how institutions that enforce contracts between two parties - producers and consumers - interact in a competitive market with one-sided asymmetric information and productivity shocks. They compare an informal enforcement mechanism, reputation, the efficacy of which is...
Persistent link: https://www.econbiz.de/10012747887
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Political Budget Cycles and the Organization of Political Parties
Hanusch, Marek - 2017
information and politician credibility. Parties organized around particular individuals, rather than around policy labels or a … voter information and political credibility, and to limit political budget cycles. Previous research has also shown larger …
Persistent link: https://www.econbiz.de/10012973877
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Promises, Promises : Vote-Buying and the Electoral Mobilization Strategies of Non-Credible Politicians
Hanusch, Marek - 2017
-electoral transfers in a world of full political credibility. The enforcement of a prohibition on vote-buying reduces the welfare of those …
Persistent link: https://www.econbiz.de/10012973878
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Why Follow the Leader? Collective Action, Credible Commitment and Conflict
Keefer, Philip - 2017
Most analyses of conflict assume that conflicting groups act in a unitary fashion. This assumption is often violated: to reduce their risk of replacement, group leaders prevent both group members and soldiers from acting collectively, making it difficult for leaders to make credible commitments...
Persistent link: https://www.econbiz.de/10012975042
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The Ethnicity Distraction? Political Credibility and Partisan Preferences in Africa
Keefer, Philip - 2017
commitments to pursue group interests. Other work, however, emphasizes the lack of political credibility as a source of adverse … these positions. The evidence is inconsistent with the credibility of party commitments to pursue collective ethnic … preferences are more affected by factors, such as gift-giving, often associated with low political credibility. These findings …
Persistent link: https://www.econbiz.de/10012976635