The US state of California is passing through a very serious drought, which has resulted in serious problems of water availability. Experts have not been able to agree on the reasons for the extreme situation and why preventive measures were not taken, nor have they been able to agree on the best possible solutions. Nevertheless, it seems that the measures they have taken up … [Read more...] about Faced with a Water Shortage, a Flood of Ideas.
Microeconomics and Competitiveness
What's the key to happiness? How can we become as happy as those who live in Nordic countries -“the happiest in the world" - according to the United Nations' World Happiness Report 2013? One of the keys is not comparing ourselves to everyone else. Improving people's quality of life and their happiness is not easy. Happiness depends on many factors that are often beyond the … [Read more...] about Does Facebook Conspire against Happiness?
How can governments guide people to make choices that would improve their welfare? Traditionally, the focus has been on changing prices; for instance, higher cigarette taxes encourage people to smoke less. Lately, “nudges” have become a favorite tool, and are becoming increasingly popular in developed and developing countries alike. Latin American governments are no … [Read more...] about The Do’s and Don’ts of “Nudging”