This paper examines the relationship between fiscal decentralization and internal conflict in 77 countries during the period 1972-2000. The results show that the devolution of scal power to subnational tiers of government reduces the incidence of civil conflict. This finding is robust to the...

This paper explores optimal incentive schemes in public health institutions when agents (doctors) are intrinsically motivated. We develop a principal-agent dynamic model with moral hazard in which agents’ intrinsic motivation could be promoted (crowding-in) by combining monetary and...

This paper explores optimality of contracts and incentives when the principal (public organisation) can undertake investments to change agents’ (public workers) identity. In the model, workers within the organisation can have different identities. We develop a principal-agent dynamical model...

U.S. inflation has experienced a great moderation in the last two decades. This paper examines the factors behind this and other stylized facts, such as the weaker correlation ofinflation and nominal interest rate (Gibson paradox). Our findings point at lower exogenous variability of supply-side...

In this paper the differences in the incidence of pay for performance plans between occupations in a sample of Spanish manufacturing establishments are analysed. Our results show that there are significant differences between occupations in the incidence of individual, group and firm or plant...

The cleaning up of waste present in transboundary rivers, which requires the cooperation of diferent authorities, is a problematic issue, especially when responsibility for the discharge of the waste is not well-defined. Following Ni and Wang [12] we assume that a river is a segment divided into...