Uruguay’s social policy response to Covid-19 built on a strong social protection system and a favorable social situation that existed before the pandemic arrived. The country’s favorable position in the region enabled the government to gradually reformulate key existing social policies to...

This article investigates minority expropriation in closely-held firms. Using a sample of Spanish firms for the period from 1996 to 2006, we find that firms that are more vulnerable to minority expropriation have blockholders controlling groups with aggregate equity stakes that are far removed...

This paper seeks to explain the circumstances under which using total allowable catch (TAC) as an instrument to manage a fishery along with fishing periods may be of interest from a regulatory point of view. The deterministic analysis by Homans and Wilen (J Environ Econ Manag 32:1–21, <CitationRef CitationID="CR13">1997</CitationRef>)...</citationref>

This paper investigates how multiple large shareholders share control and extract private benefits in closely-held corporations. We find that ownership structures with multiple large shareholders are common and very stable. Moreover, they seem to be, to a large extent, exogenously given. The...

The key outcomes of the 2006 Nairobi Conference on Climate Change are described, with a particular emphasis on adaptation, the Clean Development Mechanism (CDM) and the future of the United Nations climate change regime beyond 2012. Based on an analysis of the key issues being negotiated, the...