Economics often provides the wrong incentives to those who control the assets, such as people in developing countries where most forests are located and who could potentially benefit most from conservation . There is increasing unease about this situation, and an emerging view is that standard...

Today's rapid and profound international evolution requires an update of the development agenda. As East-West relations alter radically and forge history, new trends in global capital markets; telecommunications and new technologies erode inexorably the old structures and alter permanently the...

Social choice theory is concerned with providing a rationale for social decisions when individuals have diverse opinions. Voting is an obvious way in which societies aggregate individual preferences to obtain social ones. The procedure of voting registers individual comparisons between...

« Aucune machine, aucun algorithme, ne pourra jamais être construit pour remplacer les valeurs et les décisions humaines. »

The article explains the origins of the gender pay gap as a Nash equilibrium of a game with incomplete information about women's work at home and in the marketplace based on the earlier results of Chichilnisky (2005, 2008a, 2008b). Expectations about women's lower market wages leads to the over...

Catastrophic risks are rare events with major consequences and of great interest to green economics. The article investigates the way economics deals with catastrophic risks. Classic expected utility theory is insensitive to rare events no matter how important these may be, based on the axioms...

In this collection of autobiographical essays, 26 prominent scholars detail their professional development, while offering insight into their lives and philosophies. With candor and humor they relate how they came to the field of economics, as well as how their views have evolved over the years.

This collection of essays from leading academics examines the connection between the World Trade Organization (WTO) and human rights issues, a topic which has provoked significant debate, particularly in the decade since the collapsed WTO talks in Seattle in 1999.