Globalization is described as a process by which regional economics, societies and cultures have become integrated through a global network of communication, transportation and trade. Different researchers have argued both in favour of and against globalization. Bhagwati claims that...

CEMAC countries, with an aim of coordinating their budget policies, established within their union some rules of economic policy which seem to be restrictive for an effective budget policy and thus sustainable in the long run. Indeed, in the economic theory, several arguments were advanced to...

This paper compares three licensing regimes in a symmetric duopoly model situated on a circular city à la Salop. One of the firms holds a patent allowing to reduce the marginal production cost and decides to license its innovation under a fixed fee or a royalty regimes or not to license. The...

In this review, I discuss the role of African institutions in general and pre-colonial institutions in particular in explaining present-day African poverty. Six of the most often cited explanations of African poverty -- geography, ethnolinguistic fractionalization, the slave trades, colonial...

The development of a sustainable banking system is a precondition for the development of an economy. The fair competition between financial institutions would lead to the efficient use of financial and other economic resources. The purpose of this paper is to extract all prominent factors in the...

This paper identifies the necessary and sufficient condition for the transitivity of the majority rule when individuals are never indifferent between two distinct alternatives (linear domain). By introducing the concept of the relevant population for each set of alternatives, a unique condition...

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of impatience are found to be significant predictors of health...

We systematically explore decision situations in which a decision maker bears responsibility for somebody else's outcomes as well as for her own in situations of payoff equality. In the gain domain we confirm the intuition that being responsible for somebody else's payoffs increases risk...

The aim of this paper is to introduce a proposal for security issues in OGSA (Open Grid Services Architecture). This include the structure, requirements, and finally the proposal.

Geographical Indications present significant opportunities for differentiating products or services that are uniquely related to their geographic origin. While they can offer many positive economic, social, cultural, and even environmental benefits, they can also be problematic and therefore...