We posit and empirically test the hypothesis that airlines are able to charge a fare premium in markets that originate in their domestic country relative to similar markets that originate in foreign countries. To this end, we focus on intercontinental one-stop air travel trips for which the...

1. Introduction -- 2. Market Failure: The Tragedy Of The Coercive Hand -- 3. Guiding principles in our current economic model -- 4. Towards a new DNA for a sustainable market. Guiding principles for a sustainable economy -- 5. The happiness of a sustainable market -- 6. Afterword – Now What?...

Prior work on corruption has largely overlooked personal relationships as an essential determinant of bribery incidence in transition economies. In these countries, relationships with public officials are instrumental in enabling transactions and lowering transaction costs, due to incoherent and...