An expected utility model is used to analyze the allocation decision of an incumbent politician in dividing public funds between expenditures on public goods and pure rents. Comparative statics analysis reveals that while the result for improvements in transparency is ambiguous in terms of...

In the aftermath of the 2016 election, labor leaders and their political allies pushed for an immediate end to the so-called employment "contractualization", a policy proposal currently popular with voters and politicians. The idea is for the government to tighten and reduce, if not prohibit,...

Commodity prices have become volatile over the past 2 decades, and their recent sharp decline has decreased the consumer price index inflation rates for most economies. While many Asian economies have benefited from low international oil and food prices, commodity exporters have suffered. Thus,...