The purpose of this paper is to investigate the optimal enforcement of the penal code when criminals invest in a specific class of avoidance activities termed dissembling activities (i.e. self-protection efforts undertaken by criminals to hedge their illegal gains in case of detection and...

The Shapley value assigns, to each game that is adequately represented by its characteristic function, an outcome for each player. An elaboration on the Shapley value that assigns, to characteristic function games, a "partition function" outcome is broadly established and accepted, but...

This study explores flood risk adaptation strategies and the resilience of riverbank-dwelling families in major urban centers of the Zamboanga Peninsula, Philippines. It examines the challenges these communities face in coping with recurrent flooding and identifies the factors that influence...

Parent-teacher communication has long been regarded as vital for children's academic success. Our theoretical model indicates that when parents contact teachers, it may have a positive direct effect and a negative spillover effect on students’ performance. Using a large panel of junior high...

This article analyzes the conditions for endogenous entrepreneurial development, understood as the transition from entrepreneurship by necessity to local entrepreneurship by opportunity. The theoretical model that we develop shows that the presence of foreign-owned companies does not hinder...

The restoration of seagrass meadows for the recuperation of macro and micro habitats in the area of Portinho da Arrábida is the objective of BIOMARES project, during 2007 and 2011, co-financed by Life-Nature European Commission Programme. But what is the added value of this initiative? This...

The main focus of this paper is twofold. First is to design Pigouvian taxes for different kinds of environmental external effects on the market economy in order to be possible to say what is the relevant information in each situation. Second is to address the question of the welfare effects of...

We introduce social capital accumulation into a neoclassical model, showing how it differs from physical and human capital accumulation. We take the view that social capital is crucial to the enjoyment of socially provided goods and that it is mainly accumulated by means of participation to...

We analyze growth dynamics in an economy where a private good can be consumed as a substitute for a free access environmental good. In this context we show that environmental deterioration may be an engine of economic growth. To protect themselves against environmental deterioration, economic...

This paper presents a model which takes into account two main factors that have been partially neglected by the economic development literature: the environmental externalities of human activities and agents' heterogeneity in terms of asset endowment and, consequently, in terms of income source...