This paper compares the economic efficiency of firm-agency governance structures for pollution reduction using transaction costs economics. Two governance structures are analyzed with the transaction costs approach: command and control regulation (CCR) and negotiated agreements (NAs). We propose that the choice of governance structure depends on the strategies firms pursue given the attributes ...

This paper addresses the following issue: If a set of agents bargain on a set of feasible alternatives 'in the shadow' of a voting rule, that is, any agreement can be enforced if a 'winning coalition' supports it, what general agreements are likely to arise? In other words: What in uence can the voting rule used to settle (possibly nonunanimous) agreements have on the outcome of consensus? We m...

For sustainable economic development, a continuous and successful transformation is critical, supporting requires better understanding of the close interaction between technology skill at micro- macro-levels. The technology-skill links should especially be important in today’s globalized world. This paper develops large-scale global Computable General Equilibrium (CGE) model by incorporating re...

background negotiations surrounding the trans-pacific partnership (tpp) trade and investment agreement have recently concluded. although trade and investment agreements, part of a broader shift to global economic integration, have been argued to be vital to improved economic growth, health, and general welfare, these agreements have increasingly come under scrutiny for their direct and indirect...

Global commodity trade networks are critical to our collective sustainable development. Their increasing interconnectedness pose two practical questions: (i) Do the current network configurations support their further growth? (ii) How resilient are these networks to economic shocks? We analyze the data of global commodity trade flows from 1996 to 2012 to evaluate the relationship between struct...

The “rules of the game” embodied in municipal documents constrain as well as provide opportunities for local government officials to capture individual benefits related to policy action. We test the mediating effect form of government has on the probability of joint venture formation for economic development purposes. Data is generated from a survey of local officials in 2004 and 2007. We find ...

Ð International cooperation over the major rivers in South Asia has recently become much closer. Five agreements, signed in 1996 and 1997 against a background of greater regional economic and nongovernmental contact, could facilitate signi®cant progress to mitigate ̄ooding and drought, to provide a basis for greater regional cooperation, and to sustain irrigation expansion and industrial develop...