In this short paper I adopt the public choice school paradigm of modeling a government in order to compare its performance with that of the market in the standard model of the provision of public goods. Private provision is represented by the Cournot-Nash equilibrium in individual contributions....

Motivated by the observed relevance of institutional quality, such as strong property rights, for economic performance, this research considers the emergence of property rights protection as a political outcome. It argues that the support for such protection is greater the more equal income...

A government may adopt extreme policies (policies lying outside the interval between the ideal points of the political parties) for electoral purposes. It can benefit when a change in policy is costly and when the opposing party cannot commit to maintaining the status quo.

Contests have different, sometimes quite complex, organisational structures. In particular, while most of the existing literature focuses on simultaneous contests, multistage contests are also quite frequently encountered. This paper seeks to provide a rationale for the latter by endogenising...

The paper derives world income or expenditure distribution of individuals for 1988 and 1993. It is the first paper to calculate world distribution for individuals based entirely on household surveys from 91 countries, and adjusted for differences in purchasing power parity between countries....