High income risk is part of life in developing countries. Climatic risks, economic fluctuations, but also a large number of individual-specific shocks make these households vulnerable to serious hardship. For example, details are given on the various shocks and events causing serious hardship to...

This paper highlights the importance of institutions in explaining the variation of investment rates and of two measures of bank deposits across countries. A general index of economic security is created for 130 countries. Its explanatory power is compared with measures of specific institutional...

Strategy-proofness (SP) is a sought-after property in social choice functions because it ensures that agents have no incentive to misrepresent their private information at both the interim and ex post stages. Group strategy-proofness (GSP), however, is a notion that is applied to the ex post...

In the international investment context, this paper focuses on the expressive power of the FTAs or BITs; expression of them may impact the players in the games. First, the paper examines the boost of the BITs and FTAs. The main focus is to test the application of game theory to the FTAs or BITs;...

This paper analyses lawyer's choices of law in international sales contracts. It identifies key reasons for opting in or out of the CISG across different jurisdictions. The paper then examines aspects of this choice from economic and psychological perspectives: from the ability to externalize...

We experimentally study how redistribution choices are affected by positive and negative information regarding the behaviour of a previous participant in a dictator game with a taking option. We use the strategy method to identify behavioural ‘types', and thus distinguish ‘conformists' from...

We study the problem of aggregating private information in elections with two or more alternatives. We characterize environments where information can be aggregated asymptotically by a sequence of equilibria of voting games as the electorate grows large and explore the implications for the...

Purpose - The current paper is a brief review of the emerging field of quantum-like modelling in game theory. This paper aims to explore several quantum games, which are superior compared to their classical counterparts, which means either they give rise to superior Nash equilibria or they make...

Pongou and Tondji (Pongou and Tondji, Games and Economic Behavior, 108, 206-224, 2018) described an uncertain production environment as a situation where input supply is uncertain. Each input has a finite set of actions, and uncertainty is formalized as a probability distribution over this set....

This study investigates the economic implications of blockchain-based academic journals, proposed by the recent computer science literature, in which authors and referees are individually incentivized. We construct a model in which the journal publishes qualified papers under two types of...