We address a puzzle in welfare economics - the possibility that rational people maybe simultaneously against two apparently conflicting forms of “tyranny”. In fact thetwo types of tyranny can be reconciled but at the possible cost of conflict with otherstandard welfare principles. We examine...

In the past few years the informal sector in countries in transition hasincreasingly become the focus of research, public policy and the media.The term ‘informal sector’ has been used to describe an extremely widespectrum of activities, which do not necessarily have much in common,such as...

Empirical studies on information communication technologies (ICT) typically aggregate the“information” and “communication” components together. We show theoretically and empirically thatthese have very different effects on the empowerment of employees, and by extension on wageinequality....