Why do lawyers in some jurisdictions continue to ‘automatically’ exclude the 1980 UN Convention on Contracts for the International Sale of Goods (CISG) in their choices of law for international sales contracts? Why do lawyers in other jurisdictions approach the decision very differently? Why...

Abstract. A system that allows you to easily regulate the cryptocurrency market and influence it thanks to the classification given by their scalability. The opportunity to be included in a different table will push programmers to adapt to the legislation. It will no longer be the right to have...

We propose a stochastic learning rule through an Agent-based Model (ABM) to understand how emerging market economies (EMEs) can achieve high levels of investment, given the announced inflation target rate. The central banks act as a pseudo-player, choosing between the pursued target inflation...

We explore the inventive activity and recombinant ideas in the field of economic growth research by analyzing the Journal of Economic Literature (JEL) classification codes assigned to articles published in the Journal of Economic Growth. The average number of JEL codes, authors, keywords, pages...

Incomplete information on the degree to which governments internalize the long-run interests of the state is an essential element of information asymmetry in international relations. A reputational model with such incomplete information captures two observed facts: i. costly activities, among...

Central bank digital currencies (CBDCs) promise many benefits but, if not well designed, they could have undesired consequences, including for monetary policy. Issuing an unremunerated CBDC or a wholesale CBDC does not change the objectives of monetary policy or the operational framework for...

We investigate the complementarity between informal communities and formal government enforcement of norms of reciprocation and exchange. We introduce a model in which people exchange informally within their community as well as externally on a market. We show that informal community and formal...

This work is based on a differential game proposed by Kelvin Lancaster. The game between two agents called workers and capitalists is based on the accumulation and redistribution of benefits among social classes concluding that cooperative outcomes outperform non-cooperative. This approach...

Global warming is an example of a global tragedy of the commons. The atmosphere is a global common property resource. The global nature of this resource makes global warming a particularly difficult problem to solve. The reason for this is that there is no world government that can introduce and...

Scientific evidence reveals that renewable resource stock dynamics are subject to uncertainty due to changes in environmental conditions. Despite its critical impacts on management, little is known about the effects of such uncertainty on the formation of regional fisheries management...