Brazilian pension funds hold together a portfolio that exceeds R$ 1 trillion. This volume of resources justifies researches that try to understand the management of these portfolios. This paper aims therefore to analyze the allocation of the wealth managed by these funds. As an associated goal,...

Brazilian pension funds hold together a portfolio that exceeds R$ 1 trillion. This volume of resources justifies researches that try to understand the management of these portfolios. This paper aims therefore to analyze the allocation of the wealth managed by these funds. As an associated goal,...

Portuguese Abstract: O consenso da literatura é o de que o baixo nível de enforcement dos contratos e garantias seja uma causa importante do alto spread bancário no Brasil. No entanto, por conta de uma dinâmica de causalidade reversa, pode haver uma endogeneidade na estimação deste efeito...

Portuguese Abstract: O objetivo deste artigo é avaliar a "Metodologia para Determinação do Fator X" proposta pela ARSESP para a Revisão Tarifária do Setor de Distribuição de Gás Natural, no terceiro ciclo tarifário. A correta determinação do Fator X é de fundamental importância no...

This working paper is an initial effort to analyze theoretical contributions from New Institutional Economics (NEI), specially the Transaction Costs framework, for understanding financial mechanisms to innovation. Transaction Costs economy is one hand from firm’s contractual theories that...

This study simulates the evolution of artificial economies in order to understand the tax relevance of administrative boundaries in the quality of life of its citizens. The modeling involves the construction of a computational algorithm, which includes citizens, bounded into families; firms and...

This study simulates the evolution of artificial economies in order to understand the tax relevance of administrative boundaries in the quality of life of its citizens. The modeling involves the construction of a computational algorithm, which includes citizens, bounded into families; firms and...

Spanish Abstract: No obstante la estrecha relación que existe entre la economía, la biología y la psicología desde finales del siglo XIX, –las principales categorías económicas tienen claras connotaciones psicológicas– la llamada “corriente principal” en economía no se ha...