The Menderes era can be seen the first birth for the modern Turkey. The reason is that all political and economic policies implemented in this period were completely adverse of the previous era (the Inonu era). Nevertheless, structural economic insufficiencies also brought the end of this...

Politicians seeking reelection need voters to know what they have done for them. Thus, incentives may arise to spend more money where media coverage is higher. We present a simple model to explain the allocation of public spending across jurisdictions contingent on media activity. An incumbent...

We witness an economic crisis without precedent that affects every area of our existence, rich and poor, at a global scale. The noise of financial crisis makes us no longer perceive other crises, which no one seems ready to accept them, namely a crisis of values that proliferate in our society....

The aim of this brief paper is to interpret al Qaeda’s modus operandi in the light of the economic theory of contests. The main idea expressed here is that al Qaeda can be considered as a contest-designer rewarding an indivisible prize. Affiliated groups compete with each other to win the...

Using data drawn from a survey conducted shortly after the 2002 elections, we investigate the Justice and Development Party’s (AKP) election victory from the perspective of inter-party vote movements. Our aim is not only to identify the parties from which the AKP votes originated, but also the...

“Written with the attempt to tell credible history and possible scenes, in order to anticipate still latent tendencies, or in order to imagine communities and societies more civil, richer than reciprocity, in all its shapes. ” (pp. XV). From this ambitious premised the author of the issue...

This paper presents a political economy model of exchange rate policy. The theory is based on a common agency approach with rational expectations. Financial and exporter lobbies exert political pressures to influence the government’s choice of exchange rate policy, before shocks to the economy...

The ruler's power varied greatly in Islamic history over time and space. We explain these variations with a political economy approach to public finance, identifying factors affecting economic power and its constraints. An influential interest group capable of affecting the ruler's power was the...

This paper provides a statistical analysis of the attitudes towards foreigners displayed by European citizens. It is found that, holding other things constant, unemployed Europeans do not have more negative attitudes towards foreigners than the employed. On the other hand, an increased...

We examine the legislative game with open rules proposed by Baron and Ferejohn (1989). We first show that the three-group equilibrium suggested by Baron and Ferejohn does not always obtain. Second, we characterize the set of stationary equilibria for simple and super majority rules. Such...