policy regime that is unfolding. One reason is inadequate recognition of a variety of institutions. This paper addresses … three ways that the standard model may inadequately anticipate the role of institutions in the actual implementation of … influence of prices through subsidiary jurisdictions, and the complementary role of prices and regulation in this context. The …

agent-principal relationships. The incentives literature relevant to implementation is reviewed, as well as relevant …

economies. Using a panel data set from China, we investigate the relationship between provincial government's fiscal incentives … governments faced much stronger ex post fiscal incentives after reform. Third, we find that stronger ex ante fiscal incentives … even when we control for the conventional measure of fiscal decentralization. Finally, we compare federalism, Chinese style …

In building a governance regime to address climate change, should we prioritize the development of global institutions … optimal by focusing on two neglected characteristics of the problem: first, the crucial role of incentives for private sector …

away the second. Self-interested incentives induce meaningful climate policy over a period of several generations, if the … consumption, not from endogenous asset prices. For small climate policy, the old and young generations’ incentives are aligned if …