This paper develops an industry equilibrium model of vertical integration under contractual imperfections with specific input suppliers and external investors. I assume that vertical integration economizes on the needs for contracts with specific input suppliers at the cost of higher financial...

Institutions and their quality are central concepts in the recent development and institutional economics literatures. Our hypothesis is that inadequate contract enforcement has hindered investment and, in consequence, indirectly has had a negative effect on Uruguay’s long-term growth...

Purpose – This paper aims to investigate the effect of business environment indicators (time required to start a business, time required to register a property, time required to enforce a contract, and time to resolve insolvency) on trade in a sample of four Gulf Co‐operation Council (GCC)...

This paper investigates the ways in which microfinance provision can unravel and yield perverse outcomes that run counter to its stated objective. It presents a theoretical challenge to the Stiglitzian notion that large endowments of social capital induce inexpensive peer‐monitoring efforts...

This paper studies cross-border intellectual property rights (IPR) as a North-South contract using a Nash bargaining approach and distinguishes between the outcome and its actual enforcement. The absorptive capacity of the Southern country to exploit technology transfer plays a key role in the...

We experimentally study an intervention to reduce mistreatment of Filipino overseas domestic workers (DWs) by their employers. Encouraging DWs to show their employers a family photo while providing a small gift when starting employment reduced DW mistreatment, increased their job satisfaction,...