In this article we examine the setting up of an eductive type of reasoning process in a negative feedback situation. We analyse a variant of a one-shot beauty contest game. Our results show a reasoning level of around 2 steps of introspection, which is enough to reach rapidly the rational...

This paper investigates the empirical relationship between deforestation, economic growth and population using a sample of 85 developing countries. The study suggests a U-shaped relationship between the rate of deforestation and income per capita for all groups of countries, in contrast to an...