Game theoretic studies of market equilibria are usually noncooperative, but every exchange is a cooperative interaction, so this approach is unavoidably incomplete. One mixed cooperative-noncooperative approach that allows for this is the "biform game" approach, in which agents choose...

A number of papers have studied imperfect imitative learning as a utility-increasing activity (e.g. Dawid, McCain 2000). Some studies of imitative learning have taken account of the tendency of people to imitate others who are "near" them in some sense (e.g. McCain 2000, Bala and Goyal). As...

This study focuses on the widely observed phenomenon of leading and lagging areas in economic development. Trade may be a source of spread effects, which promote convergence where dichotomization could otherwise occur, or of backwash effects, which could exacerbate or even independently cause...

Communities are increasingly turning to local environmental institutions (LEIs) to address unmet environmental challenges, and reform advocates point to such place-based solution as critical for addressing the shortcomings of the existing environmental protection system. Yet, there has been very...