substantial welfare gains are possible, examples show that i) technology transfer may be futile if a "regularity" condition …

. Such coordination may not enhance welfare. If groups are symmetric except for group size, players in the smaller group bid …

We examine the optimal financing of infrastructure when governments have limited financial commitment and can … expropriate rents from private sector firms that manage infrastructure. While private firms need incentives to implement projects … investors to fund infrastructure projects. Optimal financing involves government guarantees to investors against project failure …