When large numbers of people are enabled to travel rapidly around the country, will it affect information production in capital markets? We study a government-directed buildout of high-speed rails (HSR) and find that after being connected to the HSR network, firms experience increased...

Provision of safe drinking water, adequate sanitation and personal hygiene are vital for the sustainable environmental conditions and reducing the incidence of diarrhoea, malaria, trachoma, hepatitis A & B and morbidity levels. Not having access to water and sanitation is a courteous expression...

Large publicly-held pools of assets are playing an increasingly prominent role in the global investment arena. We compare three distinct forms of such public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight their differences and...

The aim of the article is to present how Public Private Partnership (PPP), a new collaboration between public and private sector, is implemented and is developed, in three European countries (Romania, France and United Kingdom). Although PPP is considered to be an important instrument for...

To tackle the financial and economic crisis, the EU and its Member States are trying to stimulate investment in infrastructure projects as an important mean to maintain economic activity during the crisis and support the return to economic growth. Public Private Partnership (PPP) is a proven...

Zones are popular instruments in developing countries for pursuing export-led growth strategies. Developing countries have built zones as models for selective policy applications and for easier integration into the world economy. India is not an exception. However, the recent Special Economic...

This paper examines student incentives when faced with a college admissions policy which pursues student body diversity. The effect of a diversify-conscious admissions policy critically depends on the design of the policy. If the admissions policy fails to incentivize students from a...

Nach dem in Art. 20 und 28 GG festgeschriebenen Sozialstaatsprinzip ist der Staat verpflichtet, für ein funktionierendes Krankenhauswesen im Sinne einer bedarfsgerechten Versorgung der Bevölkerung mit Krankenhäusern zu sorgen. Es ist dem Staat jedoch überlassen, wie er diesen...

The developed world stands at the fore of a phenomenal demographic transition. Over the next 30 years the number of elderly in the OECD countries will more than double. At the same time, the number of workers available to pay the elderly their government-guaranteed pension and health care...