This paper examines changes in the allocation of public funds between production related public goods (PRPGs) and labour augmenting public goods (LAPGs) once elected village leaders replaced an appointment system. We derive a two-period theoretical model in which the interest of appointed...

Institutional design focuses on the task of providing accountability and effective monitoring of decision-making by bodies vested with the coercive powers of the state in a context where information is inherently limited, costly to acquire and asymmetrically distributed. This paper focuses on...

Income inequality has increased sharply in higher income countries. Theories attributing this to bifurcation of labor markets are examined. Some theorists attribute this bifurcation primarily to technical change with influence from globalization. Others take an opposite viewpoint. A contrasting...

This article outlines the efforts of a small NGO, the Mareeba Wetland Foundation, to conserve nature and conduct tourism at its Mareeba Tropical Savanna Wetland Reserve in northern Queensland. It provides background about the establishment of the reserve and its nature and draws on the results...

It is argued that while considerable development of animal health economics has occurred in recent decades, it has not yet achieved its potential coverage. It has been mostly applied to livestock, particularly livestock used for commerce, and its application to a range of other animals has been...

In this paper we review and extend the analysis of moral hazard response in two relatively unexamined empirical directions: (1) how insurance changes in one program affects employee participation in other programs at a point in time (<italic>inter-program moral hazard</italic>), and (2) how the consumption of...

Global Public Goods for the Core Group on Sustainable Development.

The present article analyses some transformations suffered by the financial systems in the framework of new economic environment realities, including the financial and economic crisis, and also a number of indicators such as dynamics of banks’ loans balances, the interest rate on loans and...

The development of Czech agricultural labour market has been continuously predominantly negative since 1989 and recently, the problem of youth unemployment is acute in many countries, not only in the Czech Republic, but also in the Russian Federation, where most of graduates of agricultural...

This paper attempts an empirical assessment of the incentive effects of plant variety protection regimes in the generation of crop variety innovations. A duration model of plant variety protection certificates is used to infer the private appropriability of returns from agricultural crop variety...