This paper deals with the existence and identification of a common growth cycle between Colombia, Ecuador, and Venezuela. Evidence of synchronization between cycles of these countries through different non-parametric measures of conformity of the cycles and through a reference cycle is found. A...

This document analyzes the relationship between national government external debt and private investment for Colombia during the period 1994 to 2007, by means of a nonlinear TAR model. In this work MCMC methods and the Bayesian approach were used to estimate the model. The results show evidence...

In this paper we explore the relationship between several value-like solution concepts for cooperative games with incomplete information and utility transfers in the form of sidepayments. In our model, state-contingent contracts are required to be incentive compatible, and thus utility might not...

In this paper, we introduce a solution concept generalizing the Harsanyi non-transferable utility (NTU) value to cooperative games with incomplete information. The so-defined S-solution is characterized by virtual utility scales that extend the Harsanyi-Shapley fictitious weighted utility...

One of the most important and disputed questions within the fields of international relations and conflict studies concerns the issue of mediator impartiality. Should mediators be biased—supportive of one but not both of the main disputants—or should mediators always be impartial? This paper...