Introduction Partnerships can vary in size, the nature of the parties involved, and the scope of their work. But at their core, partnerships share some fundamental elements. In the philanthropic world, partnerships are usually voluntary and bring together parties with mutual goals and some level of shared responsibility. Some foundations have partnered with other private philanthropies as well ...

So far the main body of the asset pricing literature has computed liquidity risk premia for either markets or single assets. The vast majority of these studies have been focused on fairly liquid assets, but recently a greater attempt to price such an important component of the asset pricing factors in markets with high illiquidity (especially in real estate) has also started to take place. The ...

This paper examines public-private partnerships in micro-finance, whereby NGOs can help in channelizing credit to the poor, both in borrower selection, as well as in project implementation. We argue that a distortion may arise out of the fact that the private partner, i.e. the NGO, is a motivated agent. We find that whenever the project is neither too productive, nor too unproductive, reducing ...

There has been little systematic discussion of the issues associated with private involvement in infrastructure. Analysis of the relative performance of the private and public sector in different phases of infrastructure provision suggests that in most cases, the private sector will be most efficient in the construction phase but the public sector will be best equipped to handle the risks assoc...

A key determinant of REDD+1 success will be ensuring effective private sector engagement. Funding is a major concern in the implementation of REDD+ activities and involving the private sector will be absolutely critical to scale up investment in REDD+. The private sector can also make vital contributions to REDD+ initiatives through the range of its expertise and be part of the solution to miti...

The PIDS Discussion Paper Series constitutes studies that are preliminary and subject to further revisions. They are being circulated in a limited number of copies only for purposes of soliciting comments and suggestions for further refinements. The studies under the Series are unedited and unreviewed. The views and opinions expressed are those of the author(s) and do not necessarily reflect th...

Let D be a negative discriminant, and let Θ(D) be the complex vector space generated by the binary theta series θf attached to the positive definite binary quadratic forms f(x, y) = ax + bxy + cy whose discriminant D(f) = b − 4ac equals D/t, for some integer t. It is a well-known classical fact that Θ(D) is a subspace of the space M1(|D|, ψD) of modular forms of weight 1, level |D| and Nebentyp...

We use the Vietnam Living Standards Surveys from 1993 and 1998 to examine inequality in welfare between urban and rural areas in Vietnam. Real per capita household consumption expenditure (RPCE) is our measure of welfare. We apply a quantile regression decomposition technique to analyze the difference between the urban and rural distributions of log RPCE. In the earlier survey, the urban-rural ...

The choice of investment strategy has a great impact on the performance of transport infrastructure. Positive projects such as the "Subway plus Property" model in Hong Kong have created sustainable financial profits for the public transport projects. Owing to a series of public debt and other constraints, public-private partnership (PPP) was introduced as an innovative investment model to addre...