In a field dominated by a discourse that paints the European Union (EU) as a change agent providing initial stimuli, it is refreshing that the transmission or diffusion of norms, values, processes and institutional design is now being reported (albeit inchoately) in the cooperation of regional...

Status considerations with respect to consumption give rise to negative externalities because individuals do not take into account that their decisions affect the relative consumption position of others. Further, status concerns create incentives for excessive labour supply in competitive...