The note documents and discusses the modalities and consequences of the phenomenon of siphoning profits of state enterprises for private uses by state enteprise managers and insiders in Bulgaria during the period of early transition.

This paper presents quite recent (2003) review of the Portuguese pension system with a particular focus on the public pension provision organised by the state. First part briefly explains the origins of the system. Chapter two focuses on the structure of the pension system, with a general...

I investigate the idea that campaign spending limits may help to level the playing field in electoral competition between parties who have unequal access to campaign funds. The model assumes that the supporters of one party are on average wealthier than those who support a competing party....

Mature federations have relatively transparent delineations of authority among levels of government; subnational governments enjoy considerable autonomy in their expenditure, revenue, and debt policies. In other countries, problems of soft budget constraints, bailouts, and fiscal and financial...

El objetivo de este paper es realizar una descripción del caso brasileño, en lo que hace a la salida de un sistema en el cual el ancla nominal de la economía era un tipo de cambio semi-fijo, hacia un régimen de flotación “cuasi” limpia de la moneda, en el que el ancla de la economía...

In the model presented here, $n$ parties choose policy positions in a space $Z$ of dimension at least two. Each party has true preferences on $Z$ that are unknown to other agents. In the first version of the model considered the party declarations determine the lottery outcome of coalition...