This project analyzes how a principal can motivate an agent to conserve rather than exploit a depletable resource. This dynamic problem is relevant for tropical deforestation as well as for other environmental problems. It is shown that the smaller is the agent's discount factor (e.g., because...

The paper contains a slightly updated and edited German translation of the Draft Proposal for a Sovereign Debt Restructuring Law which was published on SSRN on 5 August 2022 and is available at http://ssrn.com/abstract=4164656. For a more detailed explanation of the legislative concept see...

This study focused on the effect of external debt on economic growth in Nigeria. It sought to assess the significance of external debt, and to suggest measures that could enhance its effectiveness and economic growth in Nigeria. To achieve the objective of the research, some macroeconomic...

Judges perform very different analyses when investors ask for protection. When the petitioning party is a shareholder, the court will deploy broad equitable doctrines with an eye towards reaching a fair result. On the other hand, creditors typically find a much less sympathetic ear, as courts...