Existing work on the costs of insecure property has largely focused on the overexploitation problem of common pool resources. We investigate other costs of insecure resources -- including uncertainty costs, lack of tradability, and conflict -- within a setting in which adversaries compete for...

The analysis of strategic alliances has developed from a number of perspectives both theoretical and pragmatic. This has led to a diversity of definitions of what constitutes a strategic alliance. The authors consider the existing definitions and highlight inconsistencies. Furthermore the...

This article evaluates Herbert A. Simon's contribution to organization theory, placing special emphasis on the criterion of bounded rationality. Simon's criticism of the orthodox version of organizational bureaucracy is interpreted and his analysis is extended to institutional economics. One of...

We discuss a central question in the study of courts: What do judges want? We suggest three different domains that might serve as the basic preferences of a judge: case dispositions and rules, caseloads and case mixes, and social consequences. We emphasize preferences over dispositions on the...

The idea that consumers are rational decision makers, who carefully consider options when making a decision about a certain phenomenon, will soon phase out! Believe it or not. In a bid to better understand the consumer, a myriad of economists still waste their precious time on “not-so-deep”...

In this paper we integrate the literature on decision quality with considerations specific to boards of directors. In order to maximize the value of their decisions, boards of directors must look beyond their legal obligations and incorporate business ethics and the latest developments in...

This paper investigates gender differences in donating behavior in double-anonymous dictator game experiments. To do so, we developed a new treatment where researchers can connect the gender of a dictator to her/his donation amount despite both female and male dictators being gathered in a room...

The dynamics of news are such that some days are dominated by a single story while others see news outlets reporting on a range of different events. While these large-scale features of news are familiar to many, they are often ignored in settings where they may be important in understanding...

In this paper, we examine how men and women in mixed-gender unions change their allocation of time to housework in response to promotions and terminations in the labour market. Operating much like raises, such events have the potential to alter power dynamics within the household, as well as...

Spanish Abstract: A partir de los resultados del “Programa para el mejoramiento de la competitividad de un colectivo horizontal de empresas rectificadoras de motores en Bogotá”, este trabajo propone un método para formar cadenas productivas por medio de ejercicios de dirección...