In order to elucidate the revival of religion in the Muslim countries, we must not only understand the spread of puritan interpretations of the faith (as they have permeated movements running from Muslim Brothers to violent Islamist movements), but also comprehend the process whereby these more...

The authors offer a general analytical framework illustrating the complex two-way interactions between trade and transnational terrorism. Then they survey the recent economic literature in light of this framework by pointing to the importance in empirical studies of (1) controlling appropriately...

What is the impact of terrorism on trade through higher security at the borders? The authors set up a theory which shows that the impact goes not only from terrorism to trade. Higher trade with a partner might, in turn, increase the probability of terrorism acts and make security measures more...

We present a set of necessary and sufficient conditions for a class of optimal control problems with pure state constraints for which the objective function is linear in the state variable but the objective function is only required to be upper semicontinuous in the control variable. We apply...

Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across Latin America. Despite the fact that most evaluations of the process fail to find significant adverse efficiency and welfare effects, there has been a strong surge in public...

Since the 1980s, privatization of formerly state-owned firms has been extensively implemented by governments across Latin America. Despite the fact that most evaluations of the process fail to find significant adverse efficiency and welfare effects, there has been a strong surge in public...

The paper addresses the issue of the feasible level of private finance in a contracting model of infrastructure finding and financing. It characterizes the structure of financial contracts, deriving the conditions under which both public and private finance coexist. A key feature is that access...