This study provides evidence from a laboratory experiment showing that managerial bonuses can affect adversely a manager’s subordinates. In our set up, managers compete to obtain a large bonus which depends partly on the effort exerted by their subordinates. Managers can suggest an effort...

Governance indicators are now widely used as tools for conducting development dialogue, allocating external assistance and influencing foreign direct investment. This paper argues that available governance indicators are not suitable for these purposes as they do not conceptualize governance and...

Macro federalism: an introduction with principal reference to the Canadian experience / Thomas J. Courchene -- Globalization, the information revolution, and emerging imperatives for rethinking fiscal federalism / Anwar Shah -- Federalism and macroeconomic performance / Anwar Shah -- Regional...