This paper presents the results of laboratory experiments that explore the network formation process. Performances of three institutions, each derived from theoretical models found in the literature, are compared. All three institutions are found to generate similar levels of efficiency. In...

This paper focuses on the relationship between the concept of social capital and the role of the civl economy as source of pro-social values and norms that constitute the individuals determinants of social capital.

Radio technology is the key to rapid broadband development that reaches even geographically remote areas of the world. To get needed, radical changes in radio regulation, much more attention should be directed toward central issues of constitutional law. Historical experience and centuries of...

Currency boards have been portrayed as an extreme way of creating currency quality and improving monetary policy credibility in emerging market economies. Yet the link between currency board operations and credibility is far from obvious. Indeed, under the heading of currency boards, there is in...