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Publications (4)
Journal Article
– Examples from rational choice theory and behavioural economics
Using illustrations from research on inequality, this essay makes a case for ‘behavioural synthesis’, that is the reconciliation between neo-classical and behavioural economics. Focusing on selected theories of absolute and relative inequality, we first give a brief critique of utilitarian models...
Journal Article
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
Inequality is a major international development challenge. This is so from an ethical perspective and because greater inequality is perceived to be detrimental to key socioeconomic and political outcomes. Still, informed debate requires clear evidence. This article contributes by taking stock and...
Journal Article
– Supply and demand restraints in North-South macro-model
This paper constructs a macroeconomic model of North–South interaction where the flow of narcotics from the South to the North is restricted. The economic effects are akin to quantitative restrictions in trade policy. Two alternative policy scenarios will be considered. One involves reducing the...
Journal Article
This article argues that developing countries face inherent obstacles in setting up efficient financial regulation, and building up a sound banking sector: the presence of multiple tasks and multiple principals, poor institutions, lack of economies of scale in the banking sector as well as...
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