This article describes, within a myopic intergenerational bargaining framework incorporating two discrete periods and binary states of risks, some new aspects regarding the mixture of intergenerational risk sharing and social security. Here, state-dependent utility under mortality risk proves to...

Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...

We study a two-stage choice problem, where alternatives are allocations between the decision maker (DM) and a passive recipient. The recipient observes choice behavior in stage two, while stage one choice is unobserved. Choosing selfishly in stage two, in the face of a fairer available...

We study a two-stage choice problem, where alternatives are allocations between the decision maker (DM) and a passive recipient. The recipient observes choice behavior in stage two, while stage one choice is unobserved. Choosing selfishly in stage two, in the face of a fairer available...

In information economics, any piece of information is assumed to have the same value across people, even if the information is distributed asymmetrically. However, in actuality, information has different values across people, even if it is distributed equally, because people utilize the same...

The research adheres to a sociology of knowledge doctrine in academic publishing, and study the irregularities in scientific publishing. It takes the perspective in modern science, with an analytic perspective to the Chinese cultural anthropology. The research empirically studied the grey-area...

The impacts of misinformation and disinformation have rarely been studied in economics. In this paper, I examine these impacts using a model constructed on the basis of the concept of ranked information. The value of information is changeable and differs across people; therefore, disinformation...

The process of consumption has generally been regarded as a result of economic inequality, not as a source of it. However, in this paper, I show that firms obtain economic rents from consumers in the process of consumption because firms manipulate consumers by placing “lawful” disinformation...

Many empirical studies show that the level of economic inequality has worsened recently in democratic countries, which means that the majority of the electorates in these countries have agreed with, or at least not opposed, increases in economic inequality. In this paper, I show that the level...