Shahid Razzaque (2009) analyzes the effects of gender on the Ultimatum Game in Pakistan. A more detailed analysis of the data set reveals several additional insights that are not discussed in the original publication. While we confirm Rezzaque (2009) finding that cultural effects lead to...

Researchers have established that gift exchange is an important explanation for efficiency wages. Since gift exchange is a culture dependent phenomenon, we sought to replicate these findings in Pakistan, to assess the prevalence of gift exchange mechanism. We chose to study gift exchange via a...

Since the spirit of Islam is in stark and violent conflict with the spirit of Capitalism, the form taken by institutions designed to express this spirit must also be different. Capitalist financial institutions are designed to support the process of accumulation of wealth, which is at the heart...