Purpose This paper aims to explain the nature of the economic agent in Islamic economics. He is commonly referred to as Homo Islamicus. Design/methodology/approach This is done by deriving the concept from the Qurʾān as the primary epistemological source in Islamic economics. The paper, thus,...

Ethnic Tibetans (ETs) typically reside in the remote plateaus of China and possess strong cultural and spiritual values. Their financial decision-making is influenced by economic and physical factors, unique culture, social norms, and psychological motivators. We conducted an in-person survey of...

This paper presents an empirical analysis of the introduction, in October 2018, of maximum thresholds ("caps") on debit card interchange fees for domestic payment cards in Brazil. We investigate the behavior of card issuers' revenues from debit and credit card interchange fees, the merchant...

For decades, agricultural price and trade policies in Sub-Saharan Africa have hampered farmers contributions to economic growth and poverty reduction. Although there has been much policy reform over the past two decades, the injections of agricultural development funding, together with ongoing...

In the transition from state-owned monopolies to privately led and increasingly competitive market structures in telecommunications, poor performance of regulatory agencies limits the benefits of reform. This Note proposes measures for establishing a regulatory framework that enables better...

Price controls -- typically reviewed every five years in the United Kingdom -- have been controversial. The author traces the development of U.K. price controls and explains that the initial controls for electricity and water companies, based on underestimates of the companies' scope for...

This Note compares the effects of price cap and rate-of-return regulation on the risk borne by regulated utilities. It present evidence that price cap regulation subjects firms to greater risks and therefore raises their cost of capital. This result has one clear implication: firms regulated by...

Price cap regulation uses a formula, set in advance, to determine the price increases for a firm's services for a period of several years. During this period, the firm may keep all the benefits of its incremental productivity gains. Customers can also benefit because the price cap formula may...