We develop a dynamic model of strategic investment in a transnational pipeline system. In the absence of international … contract enforcement, countries may distort investment in order to increase their bargaining power, resulting in overinvestment …-cooperative solution have been achieved. -- Multilateral bargaining ; hold-up ; irreversible investment ; collusion …

This paper investigates the causal relationship between corruption and fixed capital investment in Russian regions. The … journalists' rights. Our main result is the strong negative effect of corruption on aggregate investment in fixed capital …. Disaggregating investment by ownership, we find that corruption decreases private investment, but not investment made by state …