The defense of unlimited economic growth as the main objective to be achieved has been questioned for decades and with even more intensity in recent years. In this context, the Sharing Economy's initiatives have dramatically increased. This study expands our current understanding of driving...

The defense of unlimited economic growth as the main objective to be achieved has been questioned for decades and with even more intensity in recent years. In this context, the Sharing Economy’s initiatives have dramatically increased. This study expands our current understanding of driving...

Adam Smith hypothesized that impersonal exchange was necessary for a society to develop specialized division of labor and create wealth. Douglass North and Vernon Smith argue that successful developed economies are the result of institutions. We hypothesize and provide evidence from ethnographic...

The purpose of this article is to analyse the efficiency of the repayment incentive mechanisms used for individual microcredit, the guarantor mechanism in particular. Little academic research has been devoted to this instrument whereas it is very frequently used. Churchill (1999) notably...

L’objectif de cet article est d’analyser l’efficacité des mécanismes d’incitation au remboursement utilisés dans le microcrédit individuel, et, en particulier, le mécanisme du garant. Peu de recherches académiques ont été consacrées à cet instrument alors même alors que son...

The purpose of this article is to analyse the efficiency of the repayment incentive mechanisms used for individual microcredit, the guarantor mechanism in particular. Little academic research has been devoted to this instrument whereas it is very frequently used. Churchill (1999) notably...

To identify the effect of social capital on financial development, we exploit the well-known differences in social capital and trust (Banfield (1958), Putnam (1993)) across different parts of Italy, using microeconomic data on households and firms. In areas of the country with high levels of...

This paper analyzes the determinants of higher-cost 'subprime' mortgage credit in the U.S. The analysis is based on a tract-level data set consisting of mortgage data from the 2005 and 2006 Home Mortgage Disclosure Act databases and economic/demographic data from the 2000 Census. The empirical...

This paper describes the Workplace-Equilibrium Project, which provides a home for economists interested in the formal analysis of labor pricing and use in specialized firms and economies. The Project emphasizes the unique nature of labor input, especially in the context of agency problems, and...

In Ryan (2005) I recast the well known Allais experiment and experiments reported in Tversky and Kahneman (1986) and in Starmer and Sugden, (1993) explicitly as optimizations. By that means I demonstrated how behaviours, which those authors found to be irrational because seemingly associated...