Does there exist a connection between the political power and the tax administration? In this paper, we offer empirical evidence from Spain that there exists. First, the Spanish regional tax administration is not immune to the budgetary situation of the regional government, and tends to exert a...

This paper provides a model of nonlinear income taxation in a context of international mobility. We consider two identical countries, in which each government chooses non-cooperatively redistributive taxes. It is shown that when skilled workers can move at low cost, the income taxation does not...

Nigeria is going through a difficult political and economic transition after decades of independence.Yet, Nigeria remains a society rich in cultural, linguistic, religious, ethnic and political diversity. Today, the average Nigerian struggles hard to make ends meet; sees himself or herself as...

The paper discusses and revisits some of the most popular stories behind the 2001 financial crisis in Argentina, i.e. the prolonged overvaluation of the peso owing to the Currency Board arrangement, the lack of fiscal adjustment, and the negative external environment which triggered a “sudden...

A graduated excise allows mores patial control of congestion and pollution. The cost of a detour to a scheaper gas station defines a gradient, and the integral gives an excise mountain with its top at the center of the metropolitan area. Consisntency implies that the mountain with the maximal...

This paper examines the measurement, size and implications of the Underground Economy in the US.

This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...

This paper examines the size and implications of the Underground Economy in the US.

This paper examines why some transitions are more successful than others by focusing attention on the role of productive, protective and predatory behaviors from the perspective of the new institutional economics. Many transition economies are characterized by a fundamental inconsistency between...