In contrast to developments in other world regions, efforts to institutionalize regional economic cooperation in East Asia have been weak. Though Southeast Asian economies have taken action toward trade liberalization (ASEAN Free Trade Area), the major economies of the region such as China, Japan and Korea have not been part of any formal trade groupings until recently. Ongoing economic coopera...

The aim of this article is to analyze US strategy towards economic integration in the East Asia, which excludes the United States. In last few years, East Asia is witnessing the emergence of several trade blocs and many ambitious initiatives implying closer integration in East Asia. This new regionalism reflects a process of convergence based on unilateral reform efforts. Currently, China bears...

We review recent work at the interface of economic game theory and evolutionary biology that provides new insights into the evolution of partner choice, host sanctions, partner fidelity feedback and public goods. (1) The theory of games with asymmetrical information shows that the right incentives allow hosts to screen-out parasites and screen-in mutualists, explaining successful partner choice...

Recent studies suggest that payoffs in cents, compared to dollars, produce less defection in a repeated prisoner’s dilemma game. We are unable to replicate these findings with conventional economic procedures or in a direct replication. © 2013 Elsevier B.V. All rights reserved.