Category Archives: Economics

Different electoral rules have consequences on the strategic behavior of voters, political selection and policy outcomes. There is ample literature on the links between electoral rules and policy outcomes (see, for instance, Cox, 1997 ; Persson and Tabellini, 2000 […]

The two biggest questions in Economics are, no doubt, efficiency and equality. The first means no dilapidation of resources, the second means…, well, it may mean many things: equality of opportunities, resources, access to basic goods, or equality of […]

Consider a country with two left-wing and two right-wing parties. In each side of the political spectrum one of the parties is a radical and the other is a moderate. Consider also that the moderates attract more voters than […]

Unlike in perfectly competitive markets, there are many instances of economic situations in which selfish rational behavior does not imply an efficient allocation of resources. One example is the financing of a public good. Say some neighbors are asked […]

Until the 80’s all Olympic Games took place in rich countries, with the only exception of Mexico 68. In the 80’s, Moscow 80, Seul 88 and Sarajevo 84 started a trend that encouraged bids from developing countries with the result […]

Author:. Mikel Lezaun is professor at the University of the Basque Country – UPV/EHU where he is director of the Mathematical Technology Transfer Group. Blood from donations is separated into three components: red cells, platelets and plasma, and one component […]

The last issue of the American Economic Review contains three articles on the performance of three different policies to fight poverty. Chetty et al. (2016) study a program in which families where moved from high-poverty neighborhoods to low-poverty ones, […]

When I buy in a market I only deal with myself regardless of whether the market is competitive or in the hands of a monopoly. Given the price, I choose how much to buy. In an auction to get […]

Energy sources in the modern world are mostly based on fossil fuels like oil, natural gas, and coal. They all share two main characteristics of the utmost importance for their economic analysis. First, they are depletable resources. The amount […]

“We asked for workers. We got people instead.”. Max Frisch. . In a past article, I reviewed the recent literature on the effects of immigration on the labor market. To sum up, it finds no significant negative effects on employment or […]