Undergraduate economics lags behind cutting-edge economic theory. This paper briefly reviews seven related advances: game theory modeling, information economics, social preference, conceptualizing rationality, contracting/enforcement, collective-action problems, and social...

Radical reform displaces social equilibria. It reorients key institutions and underlying mechanisms of coordination and enforcement. This paper presents a broad framework for analyzing radical reform in terms of a large set of collective-action problems faced by potential reformers. It merges...

We provide a theoretical foundation for analyzing how social stigma and adopted behavioral traits affect the transmission of HIV across a population. We combine an evolutionary game-theoretic model-based on a relationship signaling stage game-with the SIR (susceptible-infected-recovered) model...

This paper presents a theoretical argument focused on how social norms and formal institutions operate as cognitive coping mechanisms among groupings of boundedly rational actors who face fundamental uncertainty concerning their political and economic environments. Broadly speaking, informal and...