There has been substantial focus on water resource development in India, but with emphasis mainly on the technical side. Development of institutions to manage the interactions and arrangements necessary has received little attention. The study uses the new institutional economics framework and...

We investigate how vertical unity within a community interacts with horizontal class divisions of an unequal income distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from which outsiders are excluded. We formulate the...

Game-theoretic analysis is a well-established part of the toolkit of economic analysis. In crucial respects, however, game theory has failed to deliver on its original promise of generating sharp predictions of behavior in situations where neoclassical microeconomics has little to say....

Using micro data from a series of household surveys, the paper demonstrates that to some extent there is positive correlation between per capita GDP growth and student enrolment in public universities in Uganda. It also finds that the higher education graduates are employed in those sectors...

The first step of reforms directed towards the formation of a market structure in Armenia was the privatisation of land, which started in February 1991 with the adoption of the Land Code and the Law on Peasant and Peasant Collective Household, and finished in April 1993 (Spoor, 2005). As a...

Sustainable regional and rural development policy could be seen as a tool for the efficient administration and utilization of comparative and competitive advantages of local community. The process of decentralisation and democratisation as a crucial - key instrument for the better local...

Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is commonly perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditures. We examine the logic of this exemption....

Adaptive governance is a concept from institutional theory that deals with the evolution of institutions for the management of shared assets, particularly common pool resources and other forms of natural capital. This paper is the first of a set of four papers on adaptive governance, providing a...

Findings from behavioral and psychological studies indicate that people regularly and predictably behave in ways that contradict some standard assumptions of economic analysis. Recognizing that consumption choices are determined by factors other than prices, income, and information illuminates a...