Spanish Abstract: Este artículo modela los posibles efectos que sobre el precio de un mercado de un bien homogéneo se puede producir ante una integración empresarial. El análisis se realizará a partir de dos escenarios, (i) considerando tecnologías similares entre firmas y (ii) con algún...

The following article presents new econometric evidence on comparative behavior between worker cooperatives and capitalist firms, identifying differences in wage and employment responses. We exploit a comprehensive panel data set that covers the universe of cooperatives and their capitalist...

The theoretical discussion concerning the comparison of employment and wage decisions between capitalist firms and worker cooperatives began with the seminal work of Ward (1958). The model assumes that worker cooperatives maximizes the net income per member instead of total profits. Even though...

En este trabajo se discute el papel que podría cumplir en la zona centro-sur de Chile las plantaciones de eucalipto teniendo en cuenta además de su uso tradicional como fuente de madera, otros usos como como fuente de dendroenergía y del servicio de sumidero de carbono. Para lograr este...

This study estimates the economic cost of mining pollution on water resources for the years 2008 and 2009 based on the conceptual framework of Environmental Efficiency (Pittman, 1981.1983, Färe et al., 1989, 1993, 2003; Rao, 2000). This framework understands such costs as the mining companies...

En este documento se presenta una metodología para el cálculo del Ranking acumulado de las entidades financieras que participan en la encuesta mensual de expectativas de inflación y tasa de cambio nominal (TRM), realizada por el Banco de la República. La metodología se basa en la prueba...

En este documento se presenta una metodología para el cálculo del Ranking acumulado de las entidades financieras que participan en la encuesta mensual de expectativas de inflación y tasa de cambio nominal (TRM), realizada por el Banco de la República. La metodología se basa en la prueba...

In this work a non parametric approach is used in order to evaluate the relative efficiency of a sample of firms producers of wooden goods, in presence of non desirable outputs. As main results, we find that the consideration of several restrictions on the expansion of non desirable outputs...

We study cartel stability in a differentiated price-setting duopoly with returns to scale. We show that a cartel may be equally stable in the presence of lower differentiation, provided that the decreasing returns parameter is high. In addition we demonstrate that for a given factor of discount,...

A large body of economic literature has established that the primary purpose of business is profit maximization assuming unitary and constant elasticity of substitution of production factors. However, the prevailing operating conditions of micro and small enterprises raise concerns about the...