Information asymmetry is a necessary prerequisite for testing adverse selection.This paper applies this sequence of tests to Mauritian slave auctions. Dynamicauction theory with private value highlights more aggressive bidding by uninformedbidders and higher prices when an informed participant...

This paper reviews the current status of marginal cost-based road pricing in theUnited States and examines some of the characteristics of successful andunsuccessful projects, including their marketing aspects...

This paper summarises the developments of road pricing in USA and Canada.

Compulsory licensing allows firms in developing countries to produce foreign-owned inventions withoutthe consent of foreign patent owners. This paper uses an exogenous event of compulsory licensingafter World War I under the Trading with the Enemy Act to examine the long run effects of...

In the early 1990s, a consensus emerged among the leading experts in the field of small and micro business finance. It is based on three elements: The focus of projects should be on improving the entire financial sector of a given developing country; a commercial approach should be adopted,...

Zugang zu Krediten ist für kleine und mittelgroße Unternehmen in Entwicklungsländern von großer Bedeutung, um ihre ökonomischen Möglichkeiten besser auszuschöpfen und so die Einkommen ihrer Besitzer, aber auch ihrer Mitarbeiter zu erhöhen. Deshalb hat die Entwicklungshilfe in der...

The paper is a follow-up to an article published in Technique Financière etDeveloppement in 2000 (see the appendix to the hardcopy version), which portrayedthe first results of a new strategy in the field of development finance implemented inSouth-East Europe. This strategy consists in creating...

This paper analyses how tax morale and countries´ institutional quality affect the shadoweconomy, controlling in a multivariate analysis for a variety of potential factors. The literaturestrongly emphasizes the quantitative importance of these factors to understand the level andchanges of...

This paper analyses how governance or institutional quality and tax morale affect the shadoweconomy, using an international country panel and also within country data...