This paper explores the manner in which race and income interact to determine patterns of residential location in metropolitan areas. We use a framework in which individuals care about both the level of affluence and the racial composition of their communities, and in which there are differences...

It is generally presumed that strengthening the enforcement of lender rights expands the set of incentive compatible loan contracts, resulting in increased access to credit for all types of borrowers. This is based on an implicit assumption of inlnitely elastic supply of loans. With inelastic...

Despite the decline in group inequality and the rapid expansion of the black middle class in the United States, major urban centers with significant black populations continue to exhibit extreme levels of racial separation. Using a theoretical framework in which individuals care both about the...

A model of collective action in the commons that is intended to provide a framework for empirical research into the question of when cooperation is likely to be successful is presented. It is based on the presence of costly punishment opportunities, some players who have a taste for punishing...

This paper explores the role of differing contractual relationships between sugarcane farmers and sugar factories in india resulting from differing ownership structures. In Maharashtra most sugar factories are cooperatively owned by cane farmers, while in Utter Pradesh most factories are...

This paper surveys the evolutionary game theoretic literature on reciprocity in human interactions, dealing both with long-term relationships and with sporadic interactions. Four basic themes, repetition, commitment, assortation, and parochialism, appear repeatedly throughout the literature....

Strong reciprocity refers to the willingness to sacrifice one's own material self-interest to punish others for opportunistic actions. This propensity provides a decentralized mechanism for the enforcement of social norms, but its extent and persistence poses a theoretical puzzle. Since...