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Department of EconomicsDepartment of Economics
Department of Economics
Economics, Economía, Fundamentos, Análisis, Económico
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Public Economics and Political Economy

About

Public Economics studies all aspects of the intervention of governments in the economy. It provides a framework for analyzing whether or not public intervention in the market is needed and to what extent. Aspects that are currently covered by Public Economics are taxation, publicly provided insurance, public goods, public pensions, publicly provided health care, and public education. Political Economy lies on the boundary between Political Science and Economics: like Political Science it is interested in issues of Collective choice, Conflict and Institutions; like Economics, it focuses on outcomes rather than on processes. It is concerned on how the political environment (political system –democracy, dictatorship–, type of regime –presidential, parliamentary–, etc.) affects economic outcomes (size and form of redistribution programmes, extent and type of public goods provision, burden of taxation across different tax bases, size of deficit and debt, etc.). The main questions it deals with are: How are collective decisions made? and How do different “rules of the game” (institutions) affect the allocation of resources? Methodologically, it models the government (politicianas and bureaucrats) as an organisation of rational agents (away from the simplistic view of the government as a benevolent central planner that “fixes” market failures) whose interactions with each other and with –also rational– citizens are analysed using game theory.

How are collective decisions made? and How do different “rules of the game” (institutions) affect the allocation of resources?

Publications

Education and adult health: Is there a causal effect?

Albarrán, P., Hidalgo-Hidalgo, M. and I. Iturbe-Ormaetxe
Social Science & Medicine – 2020

Long-run Effects of Public Expenditure on Poverty

Hidalgo-Hidalgo, M. and I. Iturbe-Ormaeche
Journal of Economic Inequality – 2018

Financing Public Goods and Attitudes Toward Immigration

Iturbe-Ormaetxe, I. and J.G.Romero
European Journal of Political Economy – 2016

Qaly-Based Cost Efectiveness Analysis

Pinto, J.L., C. Herrero and J.M. Abellán
The Oxford Handbook of Well-Being and Public Policy – 2016

Participation and solidarity in redistribution mechanisms

Giménez-Gómez, J. and J.E. Peris
The Czech Economic Review – 2015

Salience of social security contributions and employment

Iturbe-Ormaetxe, I.
International Tax and Public Finance – 2015

Analysis of Group performance with categorical data when agents are heterogeneous: the evaluation of scholastic performance in the OECD trough PISA 2012

Herrero, C., Mendez, I., and A. Villar
Economics of Education
Review
– 2014

Preference Intensity in Positional Voting

Esther Mata-Pérez, E., A. Laruelle, R. Martínez and G. Ponti
Theoretical Economics Letters – 2014

Random-Walk-Based Segregation Measures

Ballester, C. and M. Vorsatz
Review of Economics and Statistics – 2014

Endogenous Strength in Conflicts

Beviá, C., and L. Corchón
International Journal of Industrial Organization – 2013

Quality of Life Lost Due to Non-Fatal Road Traffic Injuries.

Cubí-Molla, P., and C. Herrero
Health Economics – 2012

Delinquent Networks

Ballester, C., A. Calvó-Armengol and Y. Zenou
Journal of the European Economic Association – 2010

Peace Agreements without commitment

Beviá, C., and L. Corchón
Games and Economic Behavior – 2010

Public Transfers to the Poor: is Europe Really much more Generous than The United States?

Collado, M. D., and I. Iturbe-Ormaetxe
International Tax and Public Finance – 2010

The Rise of Obesity in Europe: an Economic Perspective

Brunello, G., Michaud, P. C. and A. Sanz-de-Galdeano
Economic Policy – 2009

Job-Lock and Public Policy: Evidence from Clinton’s Second Mandate

Sanz-de-Galdeano, A.
Industrial and Labor Relations Review – 2006

Who is Who in Networks. Wanted: The Key Player.

Ballester, C., A. Calvó-Armengol, and Y. Zenou
Econometrica – 2006

A Semi-Separable Utility Function for Health Profiles

Herrero, C., and A.M. Guerrero
Journal of Health Economics – 2005

Hospital costs and social cost: A case study of newborn hearing screening

Herrero, C. and J.D. Moreno-Ternero
Investigaciones Económicas – 2005

Using a point system in the management of waiting lists: the case of cataracts

Rodríguez Míguez, E., C. Herrero, and J.L. Pinto-Prades
Social Science and Medicine – 2004

Delegation and Polarization of platforms in political competition

Fauli-Oller, R,, E. Ok and I. Ortuño-Ortín
Economic Theory – 2003

A Proposal to Solve the Comparability Problem in Cost-Utility Analysis

Herrero, C., H. Bleichrodt, and J.L. Pinto
Journal of Health Economics – 2002

Redistribution and Subsidies for Higher Education

Iturbe-Ormaetxe, I., and C. Beviá
Scandinavian Journal of Economics – 2002

Redistribution and Subsidies for Higher Education

Beviá C., and I. Iturbe-Ormaeche
Scandinavian Journal of Economics – 2002

A Proposal to Unify Some Concepts in the Theory of Fairness

Iturbe-Ormaetxe, I., and L.C. Corchón
Journal of Economic Theory – 2001

Redistribution and individual characteristics

I. Iturbe
Review of Economic Design – 1997

A Stable and Consistent Solution to Distribution problems

Iturbe-Ormaetxe, I., and J. Nieto
Economics Letters – 1996

On Fair Allocations and Monetary Compensations

Iturbe-Ormaetxe, I., and J. Nieto
Economic Theory – 1996

Team
Pedro Albarran Pérez
September 9, 2022
Coralio Ballester Pla
March 8, 2023
Carmen Beviá Baeza
March 20, 2023
Han Bleichrodt
March 8, 2023
M. Dolores Collado Vindel
October 31, 2022
Carmen Herrero Blanco
March 8, 2023
Iñigo Iturbe-Ormaetxe Cortajarena
May 4, 2022
Elie Murard
September 15, 2022
Giovanni Ponti
March 8, 2023
Adam Sanjurjo
March 8, 2023
Anna Sanz-de-Galdeano
January 30, 2023
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    October 19, 2020
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    February 8, 2023
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    June 22, 2021
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    June 22, 2021
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    June 22, 2021
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    June 22, 2021
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    June 22, 2021
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    June 22, 2021
  • Labor Economics
    June 22, 2021
  • Macroeconomics
    June 22, 2021
  • Mathematical Economics
    June 22, 2021
  • Public Economics and Political Economy
    June 22, 2021
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