This paper deals with the well-known environmental public interest litigation before the Supreme Court of India. While a certain amount of literature exists, principally describing the judicial activism in which the Supreme Court of India has engaged for many years, to date no comprehensive...

This working paper analyses real-world impact evaluations in development sectors in low- and middle-income countries. Using the example of grants-for impact evaluations given by the International Initiative for Impact Evaluation (3ie), it explores key drivers of costs, and causes for delays. The...

We analyze the impediments to inter-firm contractual relations, existing formal and informal ways of getting around them, especially the role of reputation and trust in mitigating the conflict of interest between the firms. We study it in the context of Indian IT industry. Contract design is...

Past interest in the phenomena of Public interest litigation has concentrated on a legal justification of PIL and on arguments based on access to Justice for the poor. There seems to be scant literature that looks at PIL from a Law and Economics perspective. This paper sets up a framework to...

While there are a number of transparency and accountability initiatives in the natural resources governance sector, evidence on the impact of these initiative remains sparse. This paper synthesises key lessons from seven impact evaluations of these initiatives in the extractives sector. The...

The OTC derivatives markets all over the world have shown tremendous growth in recent years. In the wake of the present financial crisis, which is believed to have been exacerbated by OTC derivatives, increasing attention is being paid to analysing the regulatory environment of these markets. In...

Longevity risk has become a major challenge for governments, individuals, and annuity providers in most countries, and especially its aggregate form, i.e. the risk of unsystematic changes to general mortality patterns, bears a large potential for accumulative losses for insurers. As obvious risk...

Applicants for any given job are more or less suited to fill it, and the firm will select the best among them. Increasing the wage offer attracts more applicants and makes it possible to raise the hiring standard and improve the productivity of the staff. Wages that optimize on the trade-off...

This paper empirically analyzes a particular type of notes observed in securitization transactions: combination notes. Combination notes are formed by combining parts of two or more tranches of securitization transactions, where one part usually consists of a share of the first loss piece. It is...

This paper analyzes the impact of heterogeneous (social) preferences on the weighting and combination of performance measures as well as on a firm’s profitability. We consider rivalry, egoism and altruism as extreme forms within the continuum of possible preferences and show that the principal...