In 2021, the Shanghai Cooperation Organization (SCO) will celebrate its 20-year anniversary. Transformed from “Shanghai Five” mechanism on settlement of border disputes and confidence-building between four ex-soviet republics Russia, Kazakhstan, Kyrgyzstan, Tajikistan China, into full-fledged organization in 2001, has been become one important players Eurasian region. Since then SCO made signif...

Traditionally, economic theory has by and large been a theory of markets or, more precisely, about market prices. However, there are at least two reasons why economic science should extend beyond price theory. First, markets do not function properly unless suitable contracts can be formulated and enforced. Hence, we need to understand the institutions that support markets. Second, considerable ...

When attempting to avoid global warming, individuals often face a social dilemma in which, besides securing future benefits, it is also necessary to reduce the chances of future losses. In this manuscript, we introduce a simple approach to address this type of dilemmas, in which the risk of failure plays a central role in individual decisions. This model can be shown to capture some of the esse...

In the last years we have witnessed to a substantial increase on the number of people in need of care services, especially among the elderly, a phenomenon related to population ageing. However, this is becoming not exclusive of the elderly, as diseases like obesity, diabetes, and blood pressure have been increasing amongst young adults. This is a new reality which needs to be dealt by the healt...

In this Letter, we study how cooperation is organized in complex topologies by analyzing the evolutionary (replicator) dynamics of the prisoner's dilemma, a two-player game with two available strategies, defection and cooperation, whose payoff matrix favors defection. We show that, asymptotically, the population is partitioned into three subsets: individuals that always cooperate (pure cooperat...