International carbon markets are a cost efficient instrument for achieving given CO2 emissions target. This paper identifies the conditions under which participating governments benefit from establishment of such market through Coasean cooperation, in presence strategic considerations negotiations. While negotiations internalize cross-border spillovers, have incentives to send delegates who val...

This research note provides a critical review of the recent literature on the consequences of development and democratization for the protection of human rights. It identifies common lessons and grounds for further research in the field. This literature takes a series of paradoxes that challenge conventional wisdom regarding the relationship between development and democratization as its starti...

La verificación de la convergencia o no de regulaciones y leyes nacionales en el contexto de la globalización internacional, y la evaluación de este proceso, han sido objeto de una vasta literatura. Sin embargo, la aplicación específica a la regulación de servicios públicos ha recibido poca atención. Este documento propone un modelo simple que captura los elementos centrales de los servicios pú...

Scholarship on varieties of capitalism (VofC) explores the ways in which the institutions structuring the political economy affect patterns of economic performance or policy making and the distribution of well-being. Contesting the claim that there is one best route to superior economic performance, a number of schemas have been proposed to explain why countries have often been able to secure s...

This paper analyzes the determinants of multilateral aid from international financial institutions (IFIs) to Pakistan, focusing on the world three major IFIs, the World Bank, the IMF and the ADB. Political economic factors, notably bureaucratic interests and major shareholders economic interests, are suspected to be relevant in international aid allocation decisions. Pooled Tobit estimation ana...