Many governments continue constructing new subway lines with the goal of reducing congestion and pollution in large cities. Besides the potential global effects on reducing negative externalities in the city, there are some local positive effects in terms of lower commuting time and distance for...

In this work we estimate the degree of capitalization of the Santiago Metro network on housing prices, analyzing the differences among lines and counties. For this purpose, we combine hedonic regressions with simple difference estimators. The results show that apartments located near the Metro...

We study the welfare consequences of a switch from risk-rated premiums to community-rated premiums using a two stage model of health insurance demand and detailed claims data from Chilean health insurers. In this context, because the consumer's available choice set depends directly on income,...

Housing units with closer access to public transportation enjoy a higher market value than those with similar characteristics but poorer access. This difference can be explained by the less expensive cost of transport to the main workplaces and shopping areas in town. For this reason,...