The new commercial and housing developments around the TransMilenio Bus-Rapid-Transit System (BRT) of Bogotá indicate that accessible to the system generates benefits for adjacent properties that must be reflected in the prices of land and buildings. This paper contributes to an understanding...

Technical and Allocative efficiency are relative concepts, first it is used conventionally, to know if a producer obtain the maximum level of production, according to the amount of inputs used in the process. The second looks for to know if the producer uses the optimal amounts of inputs in the...

La eficiencia técnica es un concepto relativo, utilizado convencionalmente, para saber si un productor obtiene el máximo nivel de producción, de acuerdo a la cantidad insumos empleados en el proceso. El presente estudio, con datos microeconómicos de los caficultores del país, determinó...

This paper considers the identification and estimation of a spatial hedonic price model including the variable distance between the local properties and the nearest station of the massive transportation system Transmilenio (TM) in Bogotá, Colombia. We estimate a model to explain variations in...

The natural resources economics, allows to get to know the shape sustainable extractions to opencast coal mining projects at the middle of the Cesar-Colombia. Thus, this study with financial information and total productions cost (estimated by means of panel data model with random effects), from...

The purpose of this article is to explore some considerations based on the criterion of pure economic efficiency necessary to design efficient public policy for the allocation of public-interest environmental assets. A version of the Fisher and Krutillas's model is proposed to study the problem...

For decades, public transport has been one of the major problems faced by Bogota city. TransMilenio, the massive transport system, was introduced seeking for an improvement in public transport’s efficiency and productivity, and its main purpose is to achieve a reduction in the passenger’s...