This article explores the contemporary spectre of “expropriation” within framework Treaty on Lesotho Highlands Water Project (LHWP). The LHWP is an enigma in both its scope and practical application since it governed by two apparently complementary treaties, seemingly incorporates domestic laws South Africa Lesotho. compounded contradictory legislation that has been promulgated prioritises wate...

The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In this environment, the planner’s optimal contract avoids states with high probability of expropriatio...

Institutions affect prospects for economic growth and development. This paper collapses potentially complex interactions of different institutions into a condition on the primitives that determines whether a society supports markets. Agents differ in land holdings, skill, and power, e.g. physical strength, wealth, or status. A competitive market assigns land efficiently to the skilled, not nece...

It is often argued that countries with a high population share of children and young workers should attract large capital infl ows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we explore whether the correlation between countries’ demographic structure and the perceived security o...

This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement, expropriation leads to a joint reaction by all MNEs. Switching to such a regime increases worldwide FDI a...

Abstract This article examines the notion of judicial takings in international law and its reflection practice investment tribunals. It takes stock already significant body arbitral jurisprudence dealing with expropriation claims grounded in, or relating to, acts omissions courts, a view to developing coherent theory expropriations. is suggested that, due courts’ specific role determination und...

The process of urbanization in China has been accompanied by the conflict land expropriation, which is not conducive to social stability. Different from previous angles and methods studying agricultural this study puts forward a new behavioral perspective on basis game theory, constructs an evolutionary model expropriation multi-dimensional preference. It also discusses impact different prefere...

This dissertation analyzes where and when experienced investors add value to startups. Building on the resource-dependence theory and the relational view of the firm, I argue that the positive effect of investor experience on startup performance is stronger when the startup faces a more uncertain environment. The first essay predicts a greater effect of investor experience early in the life cyc...

Multidimensional conflicts in farmland expropriation originate from the game of multidimensional interests between local government and farmers. The strategy choices equilibrium results two sides have evolved with changes to situation policy adjustments. Focusing on different types conflicts, this paper constructs a multistage Van Damme’s model expropriation, analyzes stable point behavior evol...