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We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
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This paper reviews the political economy of extractive resources and the associated resources sector governance agenda …. The consensus that good sector governance improves the developmental impacts of extractive resources exploitation is …
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problems surrounding the governance of PPPs is that the public decision-makers being involved in the process of initiating and …-cost decisions for the governance of PPPs. Moreover, the paper discusses potential remedies arising from the viewpoint of Public …
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