Category Archives: Economics

To avoid any confusion regarding the object of study a disclaimer is in order. A statistical life is not a human life. The value of a human life is a concept that cannot be easily defined, if it can at […]

Power has always been an issue of particular importance for the social sciences, in general, and for Political Economy in particular. Many studies in this field, from different approaches, have wondered about the nature, structure and sources of power.
Particularly […]

At my workplace, we received recently a survey to measure our engagement at work. We were asked to evaluate different aspects of our daily job, such as the work atmosphere, productivity, performance…, and each question would accumulate points for our […]

When analyzing the economic consequences of copyright protection one must consider first how it affects the number and quality of the works that it protects; second, which are the effects on the availability of these works, and third, how are […]

Scientific experiments using animals frequently involve the marking of animals that artificially changes their phenotype. For instance, penguins with flipper bands have been used to study climate change. However, as Saraux et al. show, this banding reduces penguins’ survival rate. […]

This is the ultimatum game: You are provisionally allocated USD10 with the following instructions. You have to decide a way to divide this money with another person. If she or he agrees, the division is carried out. If not, you […]

Imagine the following situation: about 100 people have to choose one of them for an important position; they have different preferences about who must be chosen, some may have a stronger or lighter interest in being elected, but, and this […]

Markets are the most studied economic mechanism for two main reasons. First, they have existed in most societies. Second, at least since Adam Smith we have learned some of the interesting properties they possess.
In particular, the modern General Equilibrium […]

Think about yourself for a second: how did you react to the epidemic of the avian or the swine flu (H1N1) a couple of years ago? Did you go through special cares or measures in order to avoid the infection? […]