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Gradualism is common in international cooperation, as states begin with limited cooperation and choose more ambitious … targets slowly over time. However, most models of international cooperation are static and thus cannot explain gradualism. I … prompt gradualism. First, to achieve ambitious international cooperation, states must internationally enforce costly domestic …
Persistent link: https://www.econbiz.de/10009294416
This paper considers the generalized second-best analytics of optimal restructuring under a political constraint, building on the modeling approach in Dehejia (1997). It is shown that the second-best optimum entails administering the terms of trade shock fully at the initiation of the reform,...
Persistent link: https://www.econbiz.de/10009477447
This paper considers the generalized second-best analytics of optimal restructuring under a political constraint, building on the modelling approach in Dehejia (1997). It is shown that the second-best optimum entails administering the terms-of-trade shock fully at the initiation of the reform,...
Persistent link: https://www.econbiz.de/10005123976
This paper considers the generalized second-best analytics of optimal restructuring under a political constraint, building on the modeling approach in Dehejia (1997). It is shown that the second-best optimum entails administering the terms of trade shock fully at the initiation of the reform,...
Persistent link: https://www.econbiz.de/10005677419
Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...
Persistent link: https://www.econbiz.de/10011660858
This open access book utilizes new data to thoroughly analyze the main factors currently shaping the African housing market. Some of these factors include the supply and demand for housing finance, land tenure security issues, construction cost conundrum, infrastructure provision, and low-cost...
Persistent link: https://www.econbiz.de/10011857990
Economic analyses of farm policies generally focus on the long run, steady state impacts while the transition dynamics …
Persistent link: https://www.econbiz.de/10008560329
Many suppose that democracy is an ethos which includes, inter alia, a degree of economic equality among citizens. In contrast, we conceive of democracy as ruthless political competition between groups of citizens, organized into parties. We inquire whether such competition, which we assume to be...
Persistent link: https://www.econbiz.de/10004990841
Persistent link: https://www.econbiz.de/10003769644