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"The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more...
Persistent link: https://www.econbiz.de/10011394230
State building and state legitimacy in the states emerging from fragility are inseparable from the notion of social contract. In the countries where the youth only know statelessness-or a complete absence of state institutions-building a new social contract from the ground up becomes an even...
Persistent link: https://www.econbiz.de/10015179290
In a world where data are becoming an integral part of our lives, data governance has become essential to support the production, use and reuse of data in a safe, ethical, and secure manner. In effect, data governance enforces the social contract around data, by applying the principles of trust,...
Persistent link: https://www.econbiz.de/10013255041
Somalia's history of conflict reveals an intriguing paradox--namely, many of the factors that drive armed conflict have … conflict--used to divide Somalis, fuel endemic clashes over resources and power, used to mobilize militia, and make broad … conflict mediation, clan-based customary law serves as the basis for negotiated settlements, and clan-based blood …
Persistent link: https://www.econbiz.de/10012553586
This report examines youth in post-conflict Burundi. The research responds to the nascent but growing body of knowledge … on conflict, young men and gender. War and violence have devastated societies and economies throughout Africa with young … at youth and young men in particular in two countries emerging from years of ethnic conflict, with a view to identifying …
Persistent link: https://www.econbiz.de/10012557342
Fragility, conflict, and violence (FCV) in middle-income countries is one of today's major development challenges. It … report outlines the extent of the issue, mapping patterns of violence and conflict in middle-income countries. Drawing on a …
Persistent link: https://www.econbiz.de/10015113878
marginalized groups) through building their capacity to manage local conflict. Although the project induces conflict through its … manage local conflict. They discuss the interdependencies of two major analytical realms-routines of inter …-group collaboration, and sources of countervailing power-and their relation to local conflict processes and outcomes. "--World Bank web …
Persistent link: https://www.econbiz.de/10010522487
"The home equity bias is one of the many puzzles existing in international finance. This puzzle is characterized by the concentration of domestic equity in any investor's portfolio, which is in contradiction with the benchmark of full diversification in a world mutual fund. Based on Admati's...
Persistent link: https://www.econbiz.de/10010522704
Good practices reduce costs and produce timely results; poor practices lead to waste and delays and are often the cause for allegations of corruption and Government inefficiency. Enhanced transparency in procurement through voluntary disclosure under the Right to Information (RTI) Act (2005)' is...
Persistent link: https://www.econbiz.de/10012557907
"Microfinance has been heralded as an effective way to address imperfections in credit markets. But from a theoretical perspective, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and collusion,...
Persistent link: https://www.econbiz.de/10010522103