School of Economics

 Invites you to a

Microeconomics Theory seminar presented by

Marta Troya Martinez

(New Economic School)

I’ll Pay You Later:
Backloading to Sustain Opportunistic Relationships

Co-authors:

Elena Paltseva (Stockholm School of Economics)

Gerhard Toews (New Economic School)

 Monday 26 June

4.00pm – 5.00pm

Level 6 Seminar Room (650)

A02 Social Sciences Building

Camperdown Campus

The University of Sydney NSW 2006

Zoom: 84127177928

Passcode: 225361

 In 1967, a decline in the use of military interventions by major world

powers undermined international contract enforcement and increased the

expropriation risk in many developing countries. Using data from the oil

and gas industry, we document that this change caused backloading – a delay

in investment, production and taxation – just as predicted by the theory of

self-enforcing agreements. The delay peaked at five years right after 1967

and vanished as the firm-government relationship matured.

For further information contact: Microeconomics Theory seminar series coordinators Dr Mengke Wang (mengke.wang@sydney.edu.au) & Dr Mert Kimya (mert.kimya@sydney.edu.au)

For all upcoming seminars in School of Economics see Our events and Calendar