The bulk of information and communication technology is made of weightless, implementable, and infinitely reproducible knowledge products (such as software and databases). These products are transferred by telephone lines, accessed through internet hosts, and processed through personal...

Informed migration, uninformed migration and improved information are the three main potential effects of derivative introduction that, alone or combined, may generate significant changes on volumes, bid-ask and volatility on the underlying asset. Some combinations of these three effects are...

A desirable property of subjective wellbeing indicators is their capacity to predict future objective outcomes. In our paper we provide novel cross-country original evidence documenting that lagged health (un)satisfaction is a leading health indicator, that is, a significant predictor of future...

The productive and allocative theories predict that education has positive impact on health: the more educated adopt healthier life styles and use more efficiently health inputs and this explains why they live longer. We find partial support for these theories with an econometric analysis on a...

Fair trade critiques the historical inequalities inherent in international trade and seeks to promote social justice by creating alternative networks linking marginalized producers (typically in the global South) with progressive consumers (typically in the global North). The first of its kind,...

The present paper draws on data collected through a Traveler's Dilemma experiment where the possibility of consuming relational goods is introduced by allowing (or forcing) agents to meet after the experiment. It enriches the literature on social distance by comparing the effect of its reduction...

The paper draws on data collected in an investment game plus a questionnaire to investigate whether happiness is affected by the circumstances and/or outcomes of the game and to evaluate what motivations or preference structures (self-interested preferences, inequity aversion, altruism, warm...

Creditworthiness and trustworthiness are almost synonyms because, under asymmetric information, the act of conferring a loan has the indirect effect of signaling the trustworthiness of the borrower. We test the creditworthiness/trustworthiness nexus in an investment game experiment on a sample...

This paper investigates behavior in the Traveler's Dilemma game and isolates deviations from textbook predictions caused by differences in welfare perceptions and strategic miscalculations. It presents the results of an experimental analysis based on a 2x2 design where the own and the other...