We construct a political economy model to analyze the political acceptability of road pricing policies. We use a citizen-candidate framework with a population composed by three groups differing for their income level. We show that road pricing policies are never applied when there is no...

In developing countries like India, the obstacles for development for an economy are large. Such countries' population is mainly dependent on agriculture for their livelihood. It is relic, that the exploitation of landlords and zamindari systems on small and marginal farmers. Even today small...

This paper investigates the optimal portfolio rebalancing strategy for assets with cash distributions and proportional transaction costs. A sweep account is an account that is used as the default destination for coupon and dividend proceeds as they arrive. In this study, we incorporate this...

A current debate in economics is whether the time spent sleeping responds to economic incentives. In this paper it is investigated the demand for sleep using a sample of 88 undergraduate students of Universidad del Atlántico in Barranquilla, Colombia. It is examined how these students allocate...

We develop a parsimonious general equilibrium model where agents allocate time across three activities: production, trade, and leisure. Leisure includes time spent socializing, which economizes transaction costs. Our framework yields multiple equilibria in terms of the number of social ties and...