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...

O sector público desempenha importantes tarefas de afectação e de redistribuição de recursos na sociedade. Mas, a promoção da eficiência, da equidade e do estímulo ao crescimento e à estabilidade, são as suas grandes linhas gerais de orientação, as quais orientam-se para a...

Fiscal adjustment in Brazil: Some considerations under a post Keynesian approach. The article analyses the main issues concerned to fiscal policy in Brazil. For doing so, it assumes a Post Keynesian approach on this issue. First, it observes the origins of the Brazilian fiscal crises, showing...