In this article we present evidence of the long-run effect of the euro on exports for the twelve initial EMU countries for the period 1967-2008 from a double perspective. First, we pool all the bilateral combinations of export flows among the EMU countries in a panel cointegration gravity...

In this paper we present new evidence on the euro effect on trade. We use a data set containing all bilateral combinations in a panel of 26 OECD countries during the period 1967-2008. From a methodological point of view, we implement a new generation of tests that allow solving some of the...

In this paper, we study the nature of Spanish intra-industry trade and find that intra-industry trade with CEEC, Asian and Mediterranean countries has increased considerably since the middle of the Nineties. The second aim of the paper is to study if the comparative advantage argument also...

The top-two primary is the new primary system passed in several states of the US that creates a single ballot in which the top two vote getters pass to the general election. Primary elections induce a sequential game with three stages: the candidate-entry stage, the primary election stage, and...

A jury has to choose the winner of a contest. There exists a deserving winner, whose identity is common knowledge among the jurors, but not known by the planner. Jurors may be biased in favor (friend) or against (enemy) some contestants. We study conditions on the confi?guration of the jury so...

This paper proposes a theory of media silence. The argument is that news organizations have the power to raise public concern and so affect the probability that there is ex-post verification of the true state of the world. Built on the literature of career concerns, we consider a newspaper that...

Parliamentary elections to the Basque Autonomous Community have a stable multi-party system that regularly produces long-lived minority and coalition governments. More amazing still, this stable party system arises in the context of a complex social and political setting in which the society...

We present a framework to analyze the relative importance of issues for the electorate. We distinguish two concepts -- issue salience and issue divisiveness -- and present those in the context of the multidimensional spatial model. Issue salience, which is widely studied in empirical and...

We propose a model in which different types of journalists have superior information to a newspaper's editor. Journalists compete for having their report published, but when writing their reports, they are uncertain about the preferences of the editor. We analyze the effects of competition and...

As recession and financial crisis spread across Europe an increasing number of people are at risk of poverty and social exclusion. Children are more exposed to the risk of poverty and social exclusion than the overall population of the EU. The current climate of economic downturn calls out for...