Consider a repeated game in which a buyer must decide whether to procure goods whose design may prove defective through auctions or negotiations. To reduce the likelihood of failure, the buyer must motivate the potential suppliers to make a precontractual investment. Because the noisy signal of...

Macroeconomic performance and policies -- Employment, food security and poverty -- Physical and social infrastructure -- Agricultural and rural industrialisation -- Foreign direct investment in manufacturing and services -- Socio-political issues in the reform process