-Saharan African countries, in the fields of social protection and food and nutrition security policies and programmes, have directly … protection and food and nutrition security programmes and instruments inspired and encouraged by the Brazilian experiences, and …

We investigate the effect of trade integration on interstate military conflict. Our empirical analysis, based on a … large panel data set of 243,225 country-pair observations from 1950 to 2000, confirms that an increase in bilateral trade … interdependence significantly promotes peace. It also suggests that the peace-promotion effect of bilateral trade integration is …

powerful buyer can trade with one of several sellers - an environment that can lead to pronounced inequality among the … interacting parties. Once the terms of trade are determined, sellers can engage in counterproductive behavior. We robustly find … that low procurement prices, which allocate most of the surplus from trade to the buyer, trigger significantly less …

This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in …

race and a willingness to teach kids tolerance are not strongly affected by how free markets are. Stable monetary policy …

Transaction costs are omnipresent in markets yet are often omitted in economic models. We show that their presence can … fundamentally alter incentives and welfare in markets in which the price equates supply and demand. We categorize transaction costs … properties of markets without transaction costs, namely strategyproofness, efficiency, and robustness to misspecified beliefs and …

This study conducts experimental asset markets to examine the effects of circuit breaker rules on market behavior when … others possess private information, causing price to move away from fundamental value. Allocative efficiencies in our markets … are high across all regimes. Circuit breakers perform no useful function in our experimental asset markets. …

liberalization of emerging financial markets has resulted in the integration of developing countries’ currency markets into the … international capital market. Previous tests of the impact of liberalization on the integration of emerging markets capital markets … into world financial markets are confined to equity markets, ignoring currency markets that arguably are more important in …

This study reports the results of fifteen experimental asset markets designed to investigate the effects of forecasts … on market prices, traders' abilities to assess asset value, and the link between the two. Across the fifteen markets, the … authors investigate alternative forecast-generating processes. In some markets the process produces an unbiased estimate of …

markets since the mid-1990s, this no longer appears to be true. We explore whether this change is driven by global integration …