As human societies grapple with the scarcity of environmental resources—clean water, biodiversity, and atmospheric quality—environmental markets will achieve an important role in the global economy. Along with markets for knowledge, they may become the most important institutions in the...

This article explains why states in which bribe payers are located (payor states) criminalize transnational bribery. It suggests that these initiatives can enable selfinterested payor states to improve the terms upon which their nationals obtain the services of foreign public officials. Although...