Decline of the founding values of democracy and weakening of quasi-missionary institutions

The decline of confidence in the institutions of European democracy constitutes a phenomenon requiring investigation of the factors behind this discontent. Both civic perceptions and the erosion, of fundamental beliefs contribute to hypothesizing about attempts at “constructing meaning.” This leads in turn to a consideration of quasimissionary institutions and to the resultant effects of indifference in the contemporary world.     

Honesty in Environmental Compliance Games

This note investigates the consequences of honesty in a compliance game involving polluting firms and an environmental agency. Two enforcement schemes with or without self-reporting of behavior are considered. First, we show that non intervention may become optimal when the proportion of honest polluters is large enough but still inferior to one. Secondly, the increase in the number of honest polluters has striking ambiguous effects on pollution and social welfare. Indeed, we give examples in which an increase in the proportion of honest polluters leads to an increase in the number of non compliant polluters or a decrease in social welfare.     

环境规制对企业有好处吗——对波特假说的一个检验

传统观点认为环境规制对受环境污染的企业有负面影响,但波特(假说)宣称受污染的企业能从环境政策中受益,因为设计良好的环境规制能通过提高生产率或增加产品价值来激励创新,实现个体利益,最终环境规制能使社会和被规制企业都受益。波特假说被政策制定者和通俗刊物所接受,但受到部分经济学家的严厉批评。在本文中,Ambec和Barla列举了这场争论中的主要观点,展示了波特假说的理论基础,进而对迄今为止经济学领域一些适用的经验性证据进行评价。     

‘At least 2001’: US security policy and exit strategy in Bosnia

This article describes and analyzes the United States’ security conduct in Bosnia since the Dayton Accords of November 1995, and its involvement in the multilateral conflict resolution and peacebuilding effort. From this analysis, the conclusion is that it will be difficult for the US to exit from its engagement in Bosnia. Various explanations are offered for the formulation of American policy: norms and values, alliance politics and the role of NATO, bureaucratic and congressional influence, as well as presidential leadership. The most important factor remains affirmation of US leadership to make the peacebuilding mission in Bosnia a successful one.     

Reconstructing and Reforming the Financial System in Conflict and ‘Post-Conflict’ Economies

Reconstructing the financial system in countries affected by violent conflict is crucial to successful and broad-based recovery. Particularly important tasks include: currency reform, rebuilding (or creating) central banks, revitalising the banking sector, and strengthening prudential supervision and regulation. Encouragement of private capital into the banking sector must be balanced by protection of the public interest, a task made more difficult by the nature of war-to-peace transition. Bank crises can destabilise economies in recovery from war, and their fiscal burden takes resources away from development and poverty spending – thereby threatening ‘post-conflict’ reconstruction itself.