The paper discusses the interaction of ex ante and ex post institutional convergence in the post-Soviet world, i.e. 12 members of the Commonwealth of Independent States. It starts with analysing empirical evidence for institutional convergence in the CIS, and then considers two channels of convergence: institutional competition for mobile capital and ex ante harmonization via interaction in pol...

At its core, a behavioral theory of choice has two fundamental attributes that distinguish it from traditional economic models of decision-making. One attribute is that choice sets are not available ex-ante to actors but must be constructed. This notion is well established in our models of learning and adaptation. The second fundamental postulate is that the evaluation of alternatives is likely...

I introduce an integrated model of risk attitudes and other-regarding preferences that extends the standard notion of inequity discount to lotteries. In this model, a decision maker perceives inequity partly by comparing the marginal risks she and others face. It predicts that fairness considerations will alter risk attitudes, in particular, a higher tolerance to positively correlated (fair) ri...

conclusions in this study, the authors analyzed the location and disturbance level of pain after lgbp, which could serve as a cornerstone for further researches. the authors suggest that long-term follow-up (for more than a year after operation) should be considered in future studies and also the relationship between the drainage site and pain should be investigated. results the results of this...

The most widely used economic models of social preferences are specified only for certain outcomes. There are two obvious methods of extending them to lotteries. If we do so by expected utility theory, so that the independence axiom is satisfied, our results imply that the resulting preferences do not exhibit ex ante fairness. If we do so by replacing certain outcomes with their expected utilit...

This report explains the role of the New Zealand Coastal Policy Statement (NZCPS) in ensuring sustainable management of the distinctive attributes of all coastal zones. New Zealand's coastal environment, and the use made of it, reflect many values. These values include both consumptive or nonconsumptive values and non-use. Intrinsic values are also important. These should all be reflected in a ...