In a market with stochastic demand with seller competition at most one seller can acquire costly information about demand. Other sellers entertain idiosyncratic beliefs about the market demand and the probability that an informed seller is trading in the market. These idiosyncratic beliefs...

The article examines the consequences of functional overlap among regulatory international institutions for governance within institutional complexes. Whereas the existing literature assumes that states tend to exploit forum-shopping opportunities to pursue their parochial interests, we show...

The competitive quest of the Cartagena Protocol and the WTO for authority to regulate international trade in genetically modified organisms (GMOs) exemplifies a typical interaction between international institutions with diverging objectives. This article first develops a conceptual framework...

The legitimacy and effectiveness of the Convention on International Trade in Endangered Species of Wild Flora and Fauna (CITES) depends on problem-adequate listing decisions. Decisions are frequently highly controversial, because they commit the member states to imposing trade restrictions on...