The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem,...

Hesitation in the marketplace has the potential to betray private information. Recent results from lab experiments have confirmed that subjects’ response times reveal their strength-of-preference or belief, even in strategic settings. What remains unclear is whether these results extend beyond...

The increasing availability of brain imaging technologies has led to intense neuroscientific inquiry into the human brain. Studies often investigate brain function related to emotion, cognition, language, memory, and responses to numerous other external stimuli, as well as resting-state brain...

Over the past decades, globalization has led to a huge increase in the migration of workers, as well as students. This paper develops a simple two-step model that describes the decisions of an individual vis-à-vis education and migration, and presents a unified model, wherein the two migration...