In a recent paper in this journal Nuñez et al. [Nuñez, D., L. Nahuelhual, and C. Oyarzun, 2005. Forest and water: the value of native temperate forests in supplying water for human consumption. Ecological Economics 58: 606-616] presented a model to estimate the economic value of Chilean...

This paper uses an intertemporal model of public finances to show that political instability can cause taxes to be tilted to the future, resulting in a fiscal deficit that is suboptimal and only weakly sustainable (in the sense of Quintos). This occurs because political instability gives the...

This paper reviews and summarizes most of the literature on the environmental Kuznets curve (EKC), focusing mainly on disentangling and clarifying the key concepts underlying the two classes of existing theoretical explanations for the EKC occurrence — those driven by technology and those...

We show that a variety of seemingly diverse concepts used to theoretically explaining the EKC have a common origin in two key preference and production elasticities. We also prove that they jointly correspond to a unique, underlying preference-technology theoretical framework.

Using retained profits, instead of realized capital gains, by simply adding them to the shareholders’ other sources of income is shown to be in general incorrect. We provide a methodology to include undistributed profits as part of the income of the top echelons of the distribution.

This paper shows one important result, namely, that corporate tax systems that allow at least for two sources of investment tax deductions (e.g., accelerated arbitrary investment depreciation and deductibility of part of interest payments on the firm`s debt) can be, under certain plausible...

Este trabajo presenta un modelo teórico del ajuste dinámico de un factor productivo en un sector de la economía, que permite explicar los cambios en el stock del factor y su transición en el tiempo. El modelo determina la senda óptima de inversión para el factor cuasifijo que se ajusta,...

This article analyses different attributes as determinants of the market price of urban plots in Santiago. These attributes compose a "bundle" of characteristics that are transfered together with the transaction of the property rights of land plots. Hedon

Siguiendo la tradición de una extensa literatura de la economía urbana, desarrollada a partir de la base teórica propuesta por Rosen (1974), aquí se utiliza un modelo de precios hedónicos para analizar la determinación del precio de la vivienda (casas) en el mercado de Santiago. La...