Do donor-funded politicians benefit their donors disproportionately? If so, how? This paper examines the impact of electing donor-funded politicians using a novel dataset that uniquely links campaign donors with recipients of public contracts during mayors' incumbency period in Colombia. Using a...

Significant variation in the institutions and efficiency of public bureaucracies across countries and regions are observed. These differences could be partially responsible for divergence in the effectiveness of policy implementation, corruption levels, and economic development. Do imperial...

Conflicts of interest within hierarchic government organizations regarding the importance of fiscal discipline create the need for institutions that curb the bargaining power of units in charge of implementing policy and align their incentives to the interests of the whole organization. We...

A despisable practice that invaded every aspect of contemporary public life is corruption. When the corruption hit the door steps of higher education from where the institutions draw its officers and employees, the quality of governance is diminished. This paper discusses the motives, practices...

Italian Abstract: Il lavoro analizza la struttura attuale e l'evoluzione normativa più recente del sistema di incentivi per i dirigenti pubblici italiani. Alla luce delle principali indicazioni della teoria economica, si individuano le principali criticità del disegno di un sistema di...

Complex civil litigation routinely includes expert economic testimony. However, it may be hard for a jury to determine at trial which expert economist is more credible, and it may be hard for the judge to determine at the Daubert hearing whether the methodology upon which a given expert...

Polish Abstract: Celem artykułu jest przedstawienie zagadnienia " zdolność operacyjna organizacji publicznych " jako istotnego elementu w teorii war-tości publicznej. Badanie miało charakter desk research literatury dotyczącej wartości publicznej. Na początku wyjaśniono, czym jest...

The aim of this paper is to review China's institutional reforms and consequent development of Chinese corporate governance system and financial system. As part of the wider economic reform initiated since the late 1970s, the Chinese government has adopted various measures aimed at reforming...

We study how Small Business Administration (SBA) employees respond to salient defaults. Using novel data to identify employees transferring across SBA offices, we find that defaults on SBA loans in their previous workplace reduce SBA loans in their current workplace. The effect is independent of...