Type-I and type-II errors effects do matter both from the rules enforcement perspective and vertically upward to rules enactment. The paper support conventional idea about detrimental influence on deterrence of both types of errors. At the same time special role of type-I errors is demonstrated...

We investigate, by mean of a lab experiment, a market inspired by two strands of literature on one hand we have herd behaviour in non-market situations, and on the other hand aggregation of private information in markets. The former suggests that socially undesirable herd behaviour may result...

This paper relates economic development to transaction costs. It reveals the triad transaction costs-market failure-economic underdevelopment. Many scholars attribute the problems of development to the failure of markets to perform their role of resource allocation. Some deny market failure and...

Pour de nombreux Africains, l'eau n'est pas seulement la source de la vie, mais aussi un moyen de purification et un centre de régénération. Les rituels et les cultes de l'eau, tels que «Mami Wata», conduisent leurs adeptes à la libération du corps et de l'esprit. Mais les rites...

In many firms, production requires the division of staff into teams. If only team performance is observable, moral hazard in teams is inevitable. This variant of moral hazard can be overcome or exacerbated by the interpersonal relationships among team members. I investigate how the division of...

Sub-Saharan Africa (SSA) accounts for a third of the countries on the Financial Action Task Force (FATF) grey list. In the Money Laundering and Terrorist Financing (ML/TF) Ranking and Risk Assessment Tool, the region performed poorly in terms of resilience to ML/TF, with more than 60% of...

L’Afrique subsaharienne (ASS) représente un tiers des pays figurant sur la liste grise du Groupe d’action financière (GAFI). Dans l’outil de classement et d’évaluation des risques du blanchiment d’argent et du financement du terrorisme (BC/FT), la région a obtenu de mauvais...

Africa is plagued by some of the most brutal and violent conflicts in the world. Peacekeeping missions play a crucial role in maintaining stability and security in conflict-prone regions, particularly in sub-Saharan Africa. Both the European Union (EU) and the African Union (AU) are involved in...

Dès 1991, Ali Mazrui affirmait que la mer Rouge n'était pas adaptée pour séparer l'Afrique de l'Arabie. Car les deux étaient inextricablement liés à travers les langues, les religions (en particulier l'Islam) et les identités du Sahara et de la mer Rouge dans une fusion historique de...

In the 1960s, sub-Saharan Africa experienced a major diplomatic offensive by Israel. Kwame Nkrumah's Ghana was the first country to establish diplomatic and economic relations. Others soon followed, so that by the mid-1960s some forty African countries were receiving agricultural and military...