In the wake of the commodity boom, “new development strategies” in Latin America are centering on the industrialization of natural resources, thereby questioning the “resource curse” thesis and linking the economic performance of this activity with the institutional framework. In this context, the aim of this paper focusing on the Brazilian oil sector is to analyze the implementation of a resou...

Wage Mobility: Do Institutions Make a Difference? A Replication Study Comparing Portugal and the UK This study compares wage mobility in Portugal and the UK, replicating the work by Dickens (2000) and progressing to discuss the impact of differences in the institutional framework, which is more regulated and centralized in Portugal, with minimum wages, employment protection, and collective barg...

Efficient Order-Channel Management, i.e. the process of information gathering, evaluation, decision and control regarding the setup of the overall trading infrastructure and the actual order routing implementation plays a crucial role for trading success as well as the competitiveness of Institutional Investors. This article introduces a framework intended to support Institutional Investors in ...

This paper presents a model of opportunistic behaviour in decentralized economic exchange and considers the impact of inadequate institutional framework of formal contract enforcement on economic performance. It is shown that (i) when the number of cheating traders is sufficiently large, inadequate institutions result in a loss of decentralized trading contracts, (ii) an adequate institutional ...

— It is widely agreed that smallholder-led agricultural growth would contribute most to improved food security and reduced poverty. Yet, how to achieve broader and more sustainable access by smallholder farmers to productivity-enhancing inputs for food crop production remains a largely unsolved riddle. In light of the great institutional diversity across cotton sectors in Sub-Saharan Africa, th...