This paper will assess the prospects of so-called 'civil' regulation, or the ability of non-governmental organisations (NGOs), to regulate commercial behaviour within the institutional setting of a partnership. The selected case study involves an initiative between five conservation NGOs and...

This paper argues that the emphasis on the private sector’s contribution to fuelling armed conflict has neglected our understanding of business motivations operating in the opposite direction: building peace. Based on four cases of local business-led peacebuilding in Colombia, this paper...

It is widely recognised that, on average, children from poorer backgrounds have worse educational outcomes than their better off peers. There is less evidence on how this relationship has changed over time and, indeed, what exactly leads to these inequalities. In this paper we demonstrate that...

Executive stock options reward success but do not penalise failure. In contrast, the standard principalagent model implies that pay is normally monotonically increasing in performance. This paper shows that, under loss aversion, the use of carrots but not sticks is a feature of an optimal...

In this paper, we attempt to provide theoretical investigation to debt roll-over crisis in government bond market. By using the global game techniques, we analyse coordination problem in debt auction. The approach in this paper allows us to have insight on the relation between occurence of...

The expansion of higher education throughout the OECD – and beyond – is both necessary and desirable. But it is costly, and faces competing imperatives for public spending. Higher education finance is therefore salient to an extent that is not yet fully appreciated in all countries, and is...

This paper argues that contemporary experiences of social exclusion and interethnic conflict in the Tibetan areas of Western China are interrelated and revolve around three processes – population, growth and employment – all of which centre on the urban areas. In this setting, the critical...

There are long, (and often variable), lags between a change in interest rates and its effect on real output and inflation. Hence policy should be based on forecasts, (King 2000). So the eventual out-turn, e.g. for output and inflation, is a complex combination of the skills of the forecaster,...