We consider a leader and a subordinate he appoints who engage in team production. The public observes the organization’s performance, but is unable to determine the separate contributions of the leader and of the subordinate. The leader may therefore claim credit for the good work of his...

For many decades over the 20th Century, the mainstream of economics adopted a normative and axiomatic theory of individual behavior in which maximizing procedures were carried out by rationally unbounded agents. This status has been challenged on many grounds and alternative views from fields...

Using data for the 27 Brazilian states during the period 1980-2009, we found that the media index in an important determinant of the suicide rates. The econometric results suggest that an increase of 1% in the media index increases the suicide rate for young males (age between 15 and 29 years...

Herbert Simon disseminated his bounded rationality approach in his vast academic production. The recognition of the complex environment and the cognitive limits led him to study about the use of heuristics in the decision-making. Around this idea, a new path to the study of human decisions has...

English Abstract: In empirical studies on dishonesty, experimental formats may be useful to identify the frequency of frauds, think over the circumstances in which they occur, and, from their probable causes, help to delineate policies to fight corruption. This being the case, the aim of this...

Portuguese Abstract: Este artigo trata das narrativas econômicas e seu impacto sobre os ciclos econômicos. Segundo Robert Shiller, os economistas devem reconhecer que a severidade das crises econômicas pode decorrer da prevalência e visibilidade das histórias contadas sobre elas, que se...

Using data for the 27 Brazilian states during the period 1980-2009, we found that the media index in an important determinant of the suicide rates. The econometric results suggest that an increase of 1% in the media index increases the suicide rate for young males (age between 15 and 29 years...

For any political party wishing to keep the governance of the country, it is crucial to understand the power that each of the other parties can bring to its coalition. This evaluation helps to understand the bargaining power of each party individually. Furthermore, it allows a party to evaluate...

Leniency programs have shown to be an important tool to fight cartels. By reducing fees or guaranteeing imunity against criminal prosecution, leniency programs provide incentives to cartelized firms to reveal the cartel activities. We reveal the recent literature on leniency programs as well as...