Economic Experimental Games (EEGs), focused to analyze dilemmas associated with the use of common pool resources, have shown that individuals make extraction decisions that deviate from the suboptimal Nash equilibrium. However, few studies have analyzed whether these deviations towards the...

Our goal in this paper is twofold: First, evaluate the impact on crime of the restriction of late-night alcohol sales in Bogotá; and second, quantify the causal effect of problematic alcohol consumption on different crime categories. Using a control group strategy, we explore time-series and...

Los servicios ecosistémicos que prestan los páramos no cuentan con un precio de mercado y como consecuencia la asignación del uso del suelo en estos ecosistemas resulta ineficiente. En este artículo se estudia el caso del Páramo de Santurbán usando un enfoque de optimización dinámica...

This paper estimates the impact of the boom in international gold prices on child labor and schooling in Colombia. I first set up a simple agricultural household model of child labor and commodity prices hocks which guides the empirical analysis. Then, I use individual level information from the...

Policy makers use several international indices that characterize countries according to the quality of their institutions. However, no effort has been made to study how the honesty of citizens varies across countries. This paper explores the honesty among citizens across sixteen countries with...

There is a significant positive statistical connection between GDP per capita and the satisfaction rate. However, Bulgaria, being a middle income economy, is one of the saddest places on Earth. We try to identify possible reasons for this phenomenon and we put forward some policy implications....

We model the dynamic effects of external enforcement on the exploitation of a common pool resource. Fitting our model to the results of experimental data we find that institutions influence social preferences. We solve two puzzles in the data: the increase and later erosion of cooperation when...

Cooperation and competition are both essential elements of economic life. Here we explore how cooperativeness in a prisoner’s dilemma is correlated with competitiveness in a sample of 9-12 year old children in Colombia and Sweden. Using two different measures and four different tasks for...

We explore gender differences in preferences for competition and risk among children aged 9-12 in Colombia and Sweden, two countries differing in gender equality according to macro indices. We include four types of tasks that vary in gender stereotyping when looking at competitiveness: running,...

A common premise in both the theoretical and policy literature on development is that people remain poor because they are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical literature, however, suggests that this assumption is far...