Durante los años noventa, el auge de petróleo en el Casanare provocó una serie de cambios económicos, fiscales y demográficos acelerados en este departamento. En primer lugar, el departamento ha experimentado una profunda transformación en su estructura económica, pasando de ser una...

Colombia´s oil history began in 1918 and reached its golden era at the end of the 1980s. Regulation in the oil industry changed several times since 1974, mainly responding to the discoveries made. Although agreed contract terms have been honored for oil fields allocated in the past, regulation...

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...

Desde hace muchos años los modelos (S, s) han sido una herramienta importante de la teoría económica aplicada. Estos son modelos de propósito general de toma de decisiones económicas en situaciones donde se tienen dos características definidas: una variable de estado que afecta los pagos...

This paper studies a principal-agent model where a risk-neutral principal delegates to a risk-neutral agent the decision of whether to pursue a risky project or a safe one. The return from the risky project is unknown and the agent can acquire costly unobservable information about it before...

Colombian guerrilla movements have increasingly been associated with illicit activity and terror. This paper is divided into two main sections. The first traces the roots of the movements and describes how traditional Marxist-style guerrilla groups became more associated with crime and...

Welfare programs in Colombia have been focused on reducing malnutrition and hunger and on increasing school attendance rates. However, there is not much evidence on the hypothesized relationship between nutrition and education. Using the National Survey of Nutritional Status in Colombia - 2005...

Colombia is an interesting case study within emerging countries. Through 150 years of democratic tradition and seven decades of sound fiscal and monetary policies, the country has displayed institutional strength and economic growth, in spite of strong external shocks, rent- seeking by sectoral...

If property rights in land are so beneficial, why are they not adopted more widely? I propose a theory based on the idea that limited property rights over peasants' plots may be supported by elite landowners (who depend on peasants for labour) to achieve two goals. First, like other distortions...