This paper studies a spatial model of electronic business networkformation where firms build links based on a cost-benefit analysis.Benefits result from directly and indirectly connected firms in terms ofknowledge flows, which are heterogeneous: a 'key-player' (e.g. a firmproviding an exchange...

There is growing consensus on the view that corruption hurts economic performance by reducing private investment, by adversely affecting the quantity and quality of public infrastructure, by reducing tax revenue, and by reducing human capital accumulation. In addition to inefficiency effects –...

The dissertation offers an analysis of the role of budgetary institutions on the determination of fiscal outcomes. In the second chapter I provide a theoretical model that rationalizes differences in fiscal outcomes of two countries that are supposed to obey the same set of numerical constraints...