Установлено, что традиционное страхование в современном мире не всегда соответствует ряду потребительских предпочтений, которые определяются в том числе и...

Organizations can be categorized according to the nature of their owners, as either public or private organizations. Among private organizations, there is a subset of "other" organizations that are heterogeneous and have different legal structures, with diverse objectives. In Spain, these "other...

This paper critically evaluates the recent shift away from a “thin” reading of monetary exchange, which views money transactions as universally market-like and profit-motivated, towards “thicker” readings of exchange, which identify the permeation of wider economic relations and...

During the past 20 years, social economy became a subject of interest because its organisations had to assume an increasing role in the production and supply of social goods and services of public interest. In Romania, although forms of social economy existed for a very long time in society, we...

Mutual aid often entails the sharing of knowledge. We investigate how, in turn, knowledge sharing affects the long-run dynamics of mutual aid. In our economy, agents with specific knowledge are “held up” by their principals. Inside communities, agents aid each other by sharing their specific...

This paper discusses the Poverty Reduction Strategy Paper (PRSP) for Burundi. The PRSP comes two and a half years after the approval in January 2004 by the Executive Boards of the IMF and the World Bank of the Interim PRSP (I-PRSP). The PRSP is also the outgrowth of a long period of negotiations...

This article explores the uneven geographies of informal economic activities. Drawing upon 511 interviews conducted in higher- and lower-income neighbourhoods of one affluent and one deprived city in Britain, we explore whether the capabilities of households to perform necessary work and...

It is known that altruism can be sustained in an evolving population by a process of group selection. There is also existing research on the role that punishment can play in inducing selfish agents to behave more co-operatively or in preventing selfish agents from evolving, and the limitations...

The risk-neutral equilibrium bidding strategy for first-price auctions with independent private values is justified without assuming a well-defined Bayesian game. Bidders, aware of their own value, assume the private values to be linearly related. The latter, however, are independent and...