The operation and management of common property resources (“the commons”) have been exhaustively examined in economics and political science, both in formal analysis and in practical applications. “Tragedy of the Commons” metaphor helps to explain why people overuse shared resources. On...

This paper studies the factors that determine the financial literacy level of the Portuguese individual investors and explores the relation between financial literacy and financial behavior, particularly portfolio diversification. Our results suggest that the average financial literacy level of...

Current historiography on the European decolonization processes has developed no general theory of these processes, but is rather a collection of case-based studies. Moreover, there is no consideration for counter-factual possibilities, including the analysis of those cases where independence...

In the study of epileptic seizure or epileptic attack, a strategy receiving increased attention is the use of nonlinear methods in detecting the earliest dynamical changes preceding seizures. The methods usually consider continuous EEG measurements from epileptic patients to predict and...

Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government revenue and spending for the EU in the period 1960-2006. Spend-and-tax causality is found for Italy, France, Spain, Greece, and...

Complexity is a purposeful integrating framework for interdisciplinary dialogue, namely between sociologists and economists. After presenting some properties of complex (social) systems, we consider the crucial role of the economic complexity research agenda in challenging the mainstream...

The paper deals with a location game involving two symmetric firms. The players choose strategies in a spatial setting made up by two asymmetric countries,where the smallest country has a labour cost advantage. Determination of equilibrium location patterns enables to assess under what...

Should someone with more adult children expect to have further chances of avoiding institutionalisation in old age than someone with fewer children? Should an aging population build more institutions for the elderly, including for the elderly with children? We show that population aging – as...

Empirical evidence on productivity spillovers - a concept that embodies the fact that foreign enterprises own intangible assets which can be transmitted to domestic firms, thus raising their productivity level - is ambiguous. With a panel data set at the firm level for the Portuguese...

This paper models the decision of vertically-linked firms to build either partitioned or connected networks of supply of an intermediate good. In each case, the locations of upstream and downstream firms are correlated. Input specificity is related both to variable costs (transport costs of the...