Note: The following is a description of the paper and not the actual abstract as it appeared in the print journal. I study the pollution control problem faced by an imperfectly informed supra-national governmental authority (SNGA) that wants to design an international environmental agreement...

We analyze a two-period signaling model in which a representative entrepreneur in a regional economy has a project that generates a random cash flow and that requires investment that the entrepreneur raises from a competitive market. The project’s type is known to the entrepreneur but not to...

We first construct a theoretical model of tax evasion in a stylized developing country in which all taxpayers have either high or low income. The key problem is that the high income taxpayers may underreport their income. An individual income tax return can only be verified with an audit that...

This paper analyzes the problem faced by an imperfectly informed supra-national governmental authority (SNGA) with restricted funds that wishes to design an International Environmental Agreement (IEA) for developing countries (DCs). The SNGA contracts with polluting firms through their...

While it is clear that in most settings, landlords generally contract with many tenants whose productivities are positively correlated, the salience of relative performance evaluation in the design of rural wage contracts has been little studied in development economics. This paper analyzes two...

A conceptual approach is commonly needed to provide guidance for empirical analyses concerning the use of renewable resources such as rangelands. The theoretical model constructed in this paper captures the essential aspects of dynamic and stochastic issues associated with the management of...

A conceptual approach is commonly needed to provide guidance for empirical analyses concerning the use of renewable resources such as rangelands. The theoretical model constructed in this paper captures the essential aspects of dynamic and stochastic issues associated with the management of...

We analyze a two-period signaling model in which a representative entrepreneur in a regional economy has a project that generates a random cash flow and that requires investment that the entrepreneur raises from a competitive market. The project's type is known to the entrepreneur but not to the...

We analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, we use a two period model to analyze the contractual relationship between entrepreneurs and...

We analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, we use a two period model to analyze the contractual relationship between entrepreneurs and...