Neste trabalho o método de opções reais foi utilizado, em confronto com o do valor presente líquido, para avaliar se uma parte do Parque dos Manguezais, em Recife-PE, maior área de manguezal urbano do mundo, deve ou não ser utilizada para construção de uma rodovia, se sua totalidade deve...

This paper examines if taking into account changes in the number of producers, or equivalently changes in the product variety space over the business cycle, helps to understand and replicate international business cycle facts. To this end, we develop a two-country model in which the economy is...

Lobbying regulation initiatives have been developed, especially in liberal democracies, based on two main questions. The first refers to the most powerful interest groups' advantages in the political process in comparison to others who do not have the necessary resources to professionalize their...

This paper explores how malapportionment affects the way Brazilian federal government allocates its resources to subnational units. Specifically, we argue that over-represented subnational units receive more per capita in discretionary federal spending because the executive seeks its legislative...

This paper offers a systematic and comprehensive analysis of the effects of malapportionment on partisan bias, that is, the uneven distribution of legislative seats among parties for votes received. Specifically, it examines such effect in the Brazilian Lower Chamber from 1994 to 2010. First, we...