• Foreign aid and international public goods : incentives and strategic behavior 

      Pedersen, Karl Rolf (Discussion paper, Working paper, 2002-08)
      This paper considers a stylized model where a donor and a recipient government derive utility from a public good (for example consumption among the poor or defense capacity in the recipient country), in addition to a ...
    • Foreign aid and sovereign credit worthiness 

      Pedersen, Karl Rolf (Discussion paper, Working paper, 2007-12)
      International financial markets are far from perfect. Because of problems related to contract enforcement borrowers often end up being rationed; the lenders tend to constrain the amount lent ex ante in order to motivate ...