Many economic and social networks share two common organizing features: (1) a core-periphery structure; (2) positive correlation between network centrality and payoffs. In this paper, we build a model of network formation where these features emerge endogenously. In our model, the unique...

In their quest to maximize efficiency, law and economics scholars often produce novel, creative, and counterintuitive legal rules. Indeed, legal economists have argued for baby selling, against anti-discrimination laws in the workplace, and for insider trading. In this essay, we discuss some...

Exit, Voice, and Loyalty (A.O. Hirschman 1970) is a theoretical concept derived from the work of Albert O. Hirschman (1970) which is focused on two essential options in organizatios and products decline, being exit and voice.The basis concept is as follows: members of an organization, whether...

According to the literature, well known tariff reform rules that are guaranteed to increase welfare will not necessarily increase market access, while rules that are guaranteed to increase market access will not necessarily increase welfare. Such conflict between welfare and market access...

Merchant guilds have been portrayed as social networks that generated beneficial social capital by sustaining shared norms, effectively transmitting information, and successfully undertaking collective action. This social capital, it is claimed, benefited society as a whole by enabling rulers to...

This paper focuses on the climate change challenge faced by Central & Eastern European countries both those inside the European Union and those outside it. They have enormous energy intensity and associated greenhouse gas (GHG) emissions, mainly from energy production, which is oil, and worse,...

Why Communism has not survived? Is it possible to introduce the dimensions of eternality for its revival? These need thought provoking and a deep-sea dimensional analysis. Hence, it is bound the boggle the mind of the person who asked the question, and who ventures to answer it. This should have...

Immigrants make up one fifth of the Belgian working age population, but their labour market integration is poor. Employment rates of non-EU immigrants, in particular, are very low, and the problem extends to their native-born offspring. Further, with more precarious jobs and lower wages,...

The paper reviews the dynamics and characteristics of immigrant inflows to Italy from the EU’s Eastern Partnership countries. In particular, it compares Ukrainian and Moldovan migrants, which are the most numerous nationalities. Even though both groups show a feminisation of flows, high...

Despite the ongoing dialogue on facilitating mobility between the European Union and the Eastern Partnership (EaP) countries, very little is known about the magnitude and characteristics of migration from these countries. We find that EaP migrants experience worse labor market outcomes than...