We theoretically and empirically compare sequential with simultaneous voting elections and the impact of the representativeness of early voters in sequential voting on the electoral outcome when voters have asymmetric information about the candidates. We use a simple three- candidate model where...

The paper uses the 1992 household survey for Bulgaria to show poor revenue performance of the income tax structure prevailing in 1992, which did not take into account the underlying distribution of income. The paper shows that Bulgaria can benefit from a much lower and simpler income tax rate...

We model the agenda formation process as a network. In an agenda network, nodes represent agendas while arcs represent coalition preferences over agendas and coalitional moves from one agenda to another. We show that all agenda networks have agenda nodes which are farsightedly consistent. These...

Consider a government that adopts a program, sees a noisy signal about its success, and decides whether to continue the program. Suppose further that the success of a program is greater if people think it will be continued. This paper considers the optimal decision rule for continuing the...

The aim of this work is that of exemplifying some applications of the modern theory of the complexity to the economic sector; we will highlight some of the possibilities of control of chaotic systems and some of that possibilities which are opened by the study of such systems. Remembering how a...

En la Argentina, el Congreso tiene asignado un rol central en el tratamiento del Presupuesto Nacional. Sin embargo, los procedimientos establecidos se han cumplido, en la mayor parte de los casos, sólo de manera formal. Esta situación se produce a pesar de la presencia de condiciones que...

In this paper we present a microsimulation model to calculate the effects of hypothetical ex-ante price changes in the Spanish energy domain. The model rests on our prior estimation of a demand system which is especially designed for simultaneous analysis of different energy goods and uses...

In this article we use the high-quality data coming from the Luxembourg Income Study Project, in a panel framework, to test for the effects of electoral systems on both poverty and income Inequality. We find that when de degree of proportionality of an electoral system increases, inequality and...

The budget process is increasingly considered key for reform efforts to improve fiscal outcomes. In this paper we embark on a political economy analysis of the budget process in Argentina, in the spirit of the IDB project “Political Institutions, Policymaking Processes and Policy Outcomes”...

This paper investigates the rationale for proliferation of state enterprises, implications for public sector expansion in Malawi, the fiscal, monetary and balance of payments effects of the public sector and implications for private enterprise development. The paper finds that high levels of aid...