"Our focus in this paper is with the transaction costs inherent in most decision making settings. We specifically investigate an "institution free" collective choice mechanism that includes costs to calling votes. A set of models show that under low costs (i.e., where no cost-induced equilibrium...

In this paper we examine the dynamics of the link between inequality and inflation from a political economy perspective. We consider a simple dynamic general equilibrium model in which agents vote over the desired inflation rate in each period, and inequality is persistent. Inflation in our...

Estudiamos cómo afecta el sistema electoral a la presencia de mujeres en política usando un modelo en el que tanto los votantes como los partidos pueden tener un sesgo de género. Aplicamos el modelo a las elecciones municipales españolas, en las que, según la ley, los municipios utilizan...

Submitted in partial fulfilment of the requirements of the Universityof Wolverhampton for the degree of Doctor of Philosophy (PhD)

Purpose - It has been found that stock market returns vary seasonally with the amount of daylight, and they attribute this effect to seasonal affective disorder (SAD), which is a psychological condition that causes depression and heightened risk aversion during the fall and winter months. The...