The present research relaxes three of the usual assumptions made in the insurance literature. It is assumed that (1) there is a finite number of risks, (2) the risks are not statistically independent and (3) the structure of the market is monopolistic. In this context, the article analyses two...

This paper analyses the effect of public expenditure on economic growth from both a theoretical and an empirical point of view. Given that the economic literature supplies numerous and conflicting views on the topic, the article offers a framework combining both theories of market failures and...

This article explores the current situation of Latin American studies in Austria, and the position they have within the country s university and scientific research system. On the basis of that analysis, conclusions are drawn about the main challenges that Austrian Latin Americanism faces, and...

Now that complex Agent-Based Models and computer simulations spread over economics and social sciences - as in most sciences of complex systems -, epistemological puzzles (re)emerge. We introduce new epistemological concepts so as to show to what extent authors are right when they focus on some...

Climate change is definitely a huge challenge for the 21st century. Mitigation actions that stem from individual behaviour change towards a lower individual carbon footprint are part of the response. However, barriers are numerous for individuals to change their behaviour and actually reduce...

Douglass North, along with Ronald Coase and Oliver Williamson, transformed the early intuitions of new institutional economics into powerful conceptual and analytical tools that spawned a robust base of empirical research. NIE arose in response to questions not well explained by standard...

New Institutional Economics, based on the Coasean comparative approach, offers a highly useful framework for research on environmental problems. We propose a tentative analytic framework for environmental problems and we try its heuristic power by first applying it to the Poitou-Charentes...

This article starts from the limits of the policies that assume a significant de-connection between antipoverty strategies and the logic of the growth regime and that mainly rely upon market mechanisms. By contrast, a branch of the new institutional economics argues that a complete set of...