This paper presents metrics to estimate the size of political dynasties in the 15th Congress of the Republic of the Philippines and analyze the relationship between political dynasty and socio-economic outcomes. Results show that political dynasties comprise 70 percent of jurisdiction-based...

This paper is assessing the status of e-government development in Europe in comparison with other regions of the world by analyzing evolution trends and making correlations between the financial crisis and the fluctuations registered in the indexes that are measuring e-government development....

Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...

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...

This contribution argues that uncertainty is integrated into the modern economic systems; however its autochthonously increasing feature is puzzling and should be addressed in a more dedicated way. Behind the curtain of increasing uncertainty, we purport to demonstrate that at least the...

This paper analyses the interdependence of policy uncertainty from 1985 to 2017 across six different categories of US economic policy: Monetary, fiscal, healthcare, national security, regulatory, and trade policy. To this end, we apply the Diebold and Yilmaz (2012, 2014) connectedness index...

This contribution argues that uncertainty is integrated into the modern economic systems; however its autochthonously increasing feature is puzzling and should be addressed in a more dedicated way. Behind the curtain of increasing uncertainty, we purport to demonstrate that at least the...

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...