Abstract: We analyze a monopolist’s pricing and product reliability problem when consumers are entitled to product replacement but have heterogeneous cost of exercising this right, and we assess the implications of a decrease in consumers’ claiming cost on reliability, pro?t, and welfare. We...

Resumen: Este trabajo estudia el efecto que tienen los hitos recientes del conflicto armado en el riesgo país de Colombia. Para este fin se utilizan las permutas de incumplimiento crediticio, más conocidas en el mundo de las finanzas por su nombre y sigla en inglés: Credit Default Swaps, CDS....

Abstract: In this paper, an asymmetric DSGE model is built in order to account for asymmetries in business cycles. One of the most important contributions of this work is the construcion of a general utility function which nests loss aversion, risk aversion and habits formation, by means of a...

We analyze the determinants of subjective returns of higher education in Colombia. The information on expectations has been collected in categories, motivating the use of interval regression and an ordered probit approaches for modeling the relationship between beliefs and measures of ability,...

This paper presents evidence of the effect of the recent phases of the business cycle in Spain and United States, proxied by their respective unemployment rates, on the labor market of Colombian cities with high migration tradition. These countries are the main destination for labor Colombian...

El diseño del sistema de seguridad social en salud y su efectiva implementación es uno de los mas grandes retos de la sociedad, y a su vez es la principal garantía del goce efectivo del derecho a la salud. Un gran desafío de estos sistemas es la administración del riesgo financiero...

Abstract: The present document presents the general notions and the definition of property taxation and, as part of it, the working definition of rural property taxation emphasizing that property taxation is a matter of “property” and rural property taxation is linked with rural property,...

El artículo presenta diferentes alternativas a la estratificación socioeconómica de viviendas basados en información catastral para la ciudad de Bogotá, D.C., y evalúa su impacto en cuanto a cambios de estratos de los hogares, errores de inclusión y exclusión e impacto financiero, frente...

Despite a growing body of literature on how environmental degradation can fuel civil war, the reverse effect, namely that of conflict on environmental outcomes, is relatively understudied. From a theoretical point of view this effect is ambiguous, with some forces pointing to pressures for...