The focus of this study is on black markets which provide an important segment of the parallel economy. These markets operate in disequilibrium,search and information costs become very important.Trafficking in drugs taken as case, to explore both theoretically and empirically. The problem,...

Many financing choices of US corporations remain puzzling even after accounting for standard determinants such as taxes, bankruptcy costs, and asymmetric information. We propose that managerial beliefs help to explain the remaining variation across and within firms, including variation in debt...

Many studies have been conducted to analyze the effect of stricter Employment Protection Legislation (EPL). However, almost all of them has focused on an ex-post impact; leaving aside a second but equally important channel: expectations. This paper aims to analyze the role of expectations on...

In German literature, particularly in poetry, an amazing wealth of illustrations for economic contract theory can be found. Signaling, screening, incentive contracts, the winner's curse, and even the prisoner's dilemma within a team are treated by different writers. The respective examples are...

Severe budget cuts in the cultural sectors of many countries have spurred disparate suggestions for alternative sources available to public institutions. Deaccessioning may contribute to guarantee the survival of cultural institutions without serious negative impacts on the fruition of cultural...

The recent global crisis has forced many countries to a tight fiscal discipline. As a consequence, the cultural sectors in those countries have experienced severe budget cuts. In this context, disparate suggestions for additional sources of revenue available to public institutions have emerged....

El presente artículo es producto de una investigación que presenta un análisis de la dinámica del sector artesanal en el distrito turístico de Santa Marta, teniendo en cuenta variables de tipo social y económico, bajo un enfoque descriptivo y utilizando un modelo econométrico clásico...

Se reseñan los ciclos electorales en el producto (political business cycles) que son generados por políticos oportunistas que quieren ganar elecciones vía la manipulación de la política monetaria. El hilo argumental arranca con la contribución original de Nordhaus (1975), con agentes...

Este articulo toma una metodología de investigación cualitativa que apunta a analizar como los sistemas de información pueden lograr una mejora en las empresas en la organización interna y como soporte para tomar decisiones en las posiciones de gerencia. Desde que estamos en la era de la...

El objetivo del presente trabajo es presentar el proyecto de creación de un sistema de apoyo a los profesores de la Escuela de Informática de la Universidad Andrés Bello para la generación de Syllabus (programa detallado de cada asignatura, que son usados en el proceso de creación de aulas...