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The only text to provide an accessible and engaging overview of microeconomics without compromising on the technical level.
Based on cutting-edge research by an interdisciplinary team of academics and policy analysts, this insightful and timely book considers the role of great power competition in what has come to be known as gray zone conflict. Taking the 2022 Russian invasion of Ukraine as a backdrop for some of its critical evaluation, it also examines US and NATO approaches to the management of escalation in asymmetric conflicts, and proposes innovative tools for managing crises in the future.
Under collusion, firms deviate from current profit maximization in anticipation of future rewards. As current profit maximization places little restrictions on firms' pricing behaviour, collusive conduct is hard to infer. We show that bids from certain firms in the Colombian wholesale electricity market collapsed immediately after the announcement, and before the implementation, of a reform that potentially made collusion harder to sustain. After ruling out confounders, we uncover how the cartel functioned and how firms may have communicated. Calibrating the dynamic enforcement constraint confirms that collusion was sustainable before, but not after, the reform. The conclusions discuss policy implications.
Handbook of Microfinance addresses the gap between clients who are benefiting from access to financial services via MFIs, and the potential market, which remains underserved or untapped. This gap can be attributed to a "mismatch" between what consumers, or potential clients, demand and what MFIs offer in terms of financial products. The scope of the book is wide. It includes successes and failures, main challenges and debates, methodologies for impact evaluation via random trials, leading trends in Asia versus Latin America, main efforts in Africa, the importance of value chains in Central America, ethical and gender issues, savings, microinsurance, governance, commercialization trends and the potential advantages and disadvantages of it. Lastly it features main lessons from informal finance and 19th-century credit cooperatives addressing the above-mentioned mismatch.
For those wishing to acquire knowledge on national development issues, this comprehensive compendium traverses a spectrum of subjects that the audience ought to be well acquainted with. The Editors provide instructive findings regarding national development, economic growth and their determinants, but they also offer historical perspectives on the subject and the implications for developing countries. The book addresses a suite of critical themes regarded by development experts to be germane in considering the pertinence of policies and their effective execution. These seven general thematic areas are explored: ¢ Leadership, governance, policy and strategy ¢ Public sector and public financ...
To promote evidence-based policy making, the Asian Development Bank partnered with Innovations for Poverty Action and the Abdul Latif Jameel Poverty Action Lab in 2012 to deliver a 3-day conference on impact evaluation and public policy in Bangkok. Over 200 scholars, practitioners and policy makers from 34 countries attended the conference. Each day of the conference focused on one of three areas that have high relevance to the region and have received the most proactive development efforts: governance, financial inclusion, and small and medium enterprise development. This report summarizes innovative evaluation studies presented at the conference and researchers' insights into the topics.