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Brief history of auction theory

The latest from David Warsh is a nice concise history of auction theory - including anecdotes of ridiculous auction results. The evolution of the science affects many of the public policy issues we discus here: from the privatization of state companies and allotment of cellular spectrums, to energy contracts and a possible rescue of Europe’s teetering carbon market.

More on Ecomagination

While the term will make any English language aficionado cringe, General Electric's Ecomagination platform had reported a stellar initial twelve months: revenues over $10 billion and a reduction of over 250,000 tons of greenhouse gas emissions from its own operations (see Pablo's post).

Saving the safari industry

Safari_1The tourism industry is one of the most vulnerable to the economic impacts of HIV/AIDS. Employees who are mobile and away from their families for long periods of time, and who are usually uninformed or misinformed about HIV/AIDS, can have a direct effect on the bottom lines of tour operators.

New blogger: Christine Bowers

We are happy to announce that Christine Bowers has joined the PSD Blog. She just recently joined the WB-IFC Private Sector Development Vice-Presidency, so hopefully will bring with her a nuanced perspective to the issues we try to tackle here.

The mistakes of export promotion agencies

Last week the World Bank hosted a two-day seminar on “Policies to Promote Export Growth and Diversification,” including a particularly interesting session on export and FDI promotion institutions moderated by guru Andrew Singer. The overarching theme: Be realistic about what these types of institutions can accomplish, and avoid creating big institutions that are just “window-dressing”.