In 2020, the Regional Comprehensive Economic Partnership (RCEP) agreement was signed. The RCEP Agreement is largest regional trade in world terms of total GDP. Asia-Pacific region, there are various and bilateral agreements that lead to not only overlapping substantive provisions, but also dispute settlement for a. It important review procedural aspects as means enforce rules commitments its me...

Subjective Probability Forecasts for Recessions Kajal Lahiri is distinguished professor of economics and director of the Econometric Research Institute at the University at Albany, SUNY. He has been a visiting scholar at the Social Security Administration, U.S. Department of Transportation, and the International Monetary Fund. He has received grants and contracts from the National Science Found...

Private-order market institutions founded on trust-based relational contracts suffer adverse selection and moral hazard problems, while public-order market institutions have a limited capacity to enforce contracts. We model agent selection between contract enforcement institutions and demonstrate that the state’s contract enforcement capacity is complementary to private-order contract enforceme...