This paper tests the explanatory and predictive power of a theory of dictatorship (e.g., Wintrobe 1998, 2007) when applied to the case of theocracy and in particular to the history of the temporal power of the Popes. We consider the behaviour of the Catholic theocracy in the Papal States, as...

In traditional school choice theory, the assignment mechanisms of students to schools suppose preferences for students and priorities for schools. In this paper, interested in the admission of students to colleges, we assume that all agents have priorities over the members of the opposite side....

In a circular matching model, firms rank their applicants and pick the best suited one. Job creation appears to lower the average output. As firms do not internalize this effect, jobs are too many in the laissez-faire equilibrium under the Hosios condition. Due to similar externalities firms'...

Taking as a starting point the theory of matching applied in the case of a problem of college admissions, where one is interested only to strict preference profiles for students and colleges, a part of the literature has been oriented towards profiles of priorities for colleges. In this paper we...

This paper studies the impact of an European-like labor market regulation on the return to schooling, equilibrium unemployment and welfare. We show that firing costs and temporary employment have opposite effects on educational choices. We furthermore demonstrate that a laissez faire economy...

We consider a dual labor market with a frictional formal sector and a competitive informal sector. We show that the size of the informal sector is generally too large compared to the optimal allocation of the workers. It follows that our results give a rationale to informality-reducing policies.

This paper studies the impact of an European-like labor market regulation on the return to schooling, equilibrium unemployment and welfare. We show that firing costs and temporary employment have opposite effects on educational choices. We furthermore demonstrate that a laissez faire economy...