This paper provides a thorough economic evaluation of the anti-drug policies implemented in Colombia between 2000 and 2006 under the so-called Plan Colombia. The paper develops a game theory model of the war against illegal drugs in producer countries. We explicitly model illegal drug markets,...

This paper develops a simple model of the war against illegal drugs in producer and consumer countries. Our analysis shows how the equilibrium quantity of illegal drugs, as well as their price, depends on key parameters of the model, among them the price elasticity of demand, and the...

Large natural disasters (LNDs) are ubiquitous phenomena with potentially large impacts on the infrastructure and population of countries, and on their economic activity in general. I examine the occurrence pattern of several types of disasters on a panel of 113 countries and its relationship...

El transporte público de Bogotá, durante décadas, ha representado uno de los grandes problemas por resolver en la ciudad. Con el fin de mejorar su eficiencia, fue implementado el sistema de transporte masivo TransMilenio (TM); cuyo objetivo principal, consiste en disminuir el tiempo total de...

Flat user fees in payment for environmental services (PES) schemes promote administrative ease, and are sometimes perceived as egalitarian. However, when environmental service (ES) buyers are heterogeneous in their income and water consumption levels, this may not be optimal, as total payments...

Complexities associated with the management of common pool resources (CPR)threaten governance at some marine protected areas (MPA). In this paper, using economic experimental games (EEG), we investigate the effects of both external regulation and the complementarities between internal regulation...

Increased access to education will be key in any efforts to improve the quality of rural life and the welfare of the next generation in developing countries. Microfinance programshave been among components of strategies for poverty alleviation that have attempted to address this challenge. This...

Este estudio comparó los resultados obtenidos mediantes Propensity Score Matching (PSM, nombre y sigla en inglés) y un modelo de precios hedónico espaciales (PHE) para estimar elcambio en el valor de la propiedad en Bogotá, cuando un predio se encuentra ubicado cerca auna estación de...