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 …

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 …

Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on … the role of worker-job matching in development accounting, we build an equilibrium matching model that allows for cross … determine match feasibility; (ii) technology, which determines the returns to matching; and (iii) idiosyncratic matching …