We consider performance contracts with firm private information. The verifiable components of the contract, an up-front wage and employment, may serve both as a signal and a performance incentive. Job rent may be necessary for signaling and, since efficient signaling is multidimensional, there...

The author addresses the puzzle of sluggish investment in the Philippines'dominant telecommunications firm, PLDT. This case allows a study of the underlying causes of success or failure in a privately owned infrastructure sector in a developing country. Since its inception, PLDT has been...

SUMMARY This paper develops a long‐run output relation for a major oil‐exporting economy where the oil income‐to‐output ratio remains sufficiently high over a prolonged period. It extends the stochastic growth model developed in Binder and Pesaran (1999) by including oil exports as an...

The following section are included:IntroductionThe FrameworkSocial Order and Economic Conditions in Iran in Early 20th CenturyTransformation of Social Order under Reza ShahEconomic and Political Change under Mohammad-Reza ShahFormation of the Islamic Republic under Ayatollah...

This dissertation is a collection of three essays on high school dropout by adolescents and the roll of their siblings in this risky behavior. Dropping out of high school can scar the individual for his entire labor supply period with lower earnings, higher unemployment, and in turn incur...

In this dissertation I examine a set of crucial topics in the political economy of international trade, with an emphasis on firm-level heterogeneity. The first chapter is an empirical study of the new trade theories in which firm heterogeneity and trade costs play central roles in shaping the...