We assembled a large panel of project-level technical and financial data and country-level economic, institutional, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and developing economies. Controlling for economic...

This paper investigates the interaction between corruption and infrastructure policy reforms.  I construct a simple model to illustrate how both an incerase in regulatory autonomy and privatisation may influence the effect of corruption.  This interaction is then analysed empirically using a...

We assembled a large panel of project-level technical and financial data and country-level economic, institutional, political, and governance variables to assess the determinants of private financing of infrastructure in emerging markets and developing economies. Controlling for economic...

This is a summarized and abridged version of some of the arguments made in the report “OpenTradeCloud: Regulating the Next Generation of the National Market System” [Summary Report], that is part of my doctorate research at Columbia Law School. It is still very rough and preliminary, and it...

Through comparison with the computer industry this paper examines whether government intervention has facilitated development in the Chinese automobile industry. Chinese computer firms operate in a largely laissez-faire market environment, with relatively free entry and exit, whilst the...

There are many situations in which a principal delegates decisions to a better-informed agent but does not choose to give full discretion. This paper discusses one reason why this might be desirable: the agent may have tastes that differ from those of the principal. Limiting the agent's...

In a deregulatory environment, what do regulated firms do? The standard assumption is simple: firms revert to their preregulatory form. This Essay challenges that basic assumption. Increasingly, regulation is conducted through broad standards foisted on firms to implement internally. Congress...

Administrative agencies increasingly enlist the judgment of private firms they regulate to achieve public ends. Regulation concerning the identification and reduction of risk - from financial, data and homeland security risk to the risk of conflicts of interest - increasingly mandates broad...

This was the first article explicitly on the theory of agency published in a regular, i.e., nonproceedings, issue of a journal in social science.The paper presents a fiduciary function model of policing in agency, with an application to attempts to influence regulatory performance by policing...

The crafting of new international regulatory directives is often done within international organizations (IOs). This paper shows how a public choice framework can explain this trend. Models of bureaucracy are presented against which the conditions and incentives of international bureaucrats are...