La descentralización es un proceso político, económico y social que tiene por objetivo la democratización de poder, trasladando no solo la administración de recursos sino la toma de decisiones; la capacidad económica de resolver los problemas locales de zonas alejadas del eje central, con...

En un mundo progresivamente multipolar, y por tanto ante un sistema internacional cada vez más desordenado, Brasil, así como otras potencias emergentes, buscan diversificar sus relaciones comerciales ante el declive de Europa y el auge de China. De este novedoso reajuste en el tablero...

Abstract This article studies a new class of models which synthesize the two traditions of general equilibrium with nonclearing markets and imperfect competition on the one hand, and dynamic stochastic general equilibrium (DSGE) models on the other hand. This line of models has become a central...

We analyse a disregarded environmental policy instrument: a switch in government expenditure away from energy (or other natural resources) and toward a composite good which includes energy-saving expenditure. We first develop two variants of an analytical general equilibrium model. A composite...

Focussing on their analysis of the optimal public goods provision problems, this paper follows the parallel development of equilibrium models and mechanism design after the accommodation of Samuelson's definition of collective goods to the general equilibrium framework. Both paradigms lead to...

In this paper, we prove an existence theorem for approximated equilibria in a class of discontinuous economies. The existence result is a direct consequence of a discontinuous extension of Brouwer's fixed point Theorem (1912), and is a refinement of several classical results in the standard...