This paper examines the determinants of bilateral environmental aid to mitigate climate change, using an empirically testable multilateral framework in which both donors and recipient countries compete in world export markets. Potential donors tend to behave strategically, weighing environmental...

Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a...

This paper illustrates the use of laboratory experimental auctions in a pretest market research program for new products. We review the experimental auctions literature, discuss the range of auction mechanisms available and present the advantages and disadvantages of using a particular mechanism...