Las restricciones impuestas por organismos reguladores al diseño de carteras de administradoras de fondos de retiro, pretenden orientar el comportamiento de las administradoras, no obstante estas restricciones conllevan pérdida de bienestar por parte de los ahorristas. En el presente trabajo...

We simulate the budget of the main pension institution of the country, the Banco de Previsión Social (BPS), from 1995, the year the reform was passed, to 2050, when the new system should be mature. We perform several sensitivity analyses to evaluate which are the key exogenous variables and...

The aim of this paper is to relate the General Equilibrium Theory and modern Finance Theory. We work with an infinite dimensional economy with a market for goods an actives, and where the number of agents is finite. Each agent has an intertemporal utility function with uncertainty on the states...

The paper analyses the short and long term effects of education activities for an open economy, linking current costs to future benefits of alternative educational policies. The simulations find that growth effects are higher for those policies that reduce the internal inefficiency of the...

Se realiza la estimación de una función de costos translogarítmica con datos panel para las 41 instituciones de asistencia médica colectiva que operaron en Uruguay durante el período 1985-1993. Las instituciones monopólicas (únicas en le departamento donde actúan) son las que presentaron...

In this paper we model tourism development in the framework of multi- population dynamics and analyze the time pattern of its impact as the evolution of the interaction between two populations feeding over the same space-resource. Each population might be structured in two (or more) ?clubs? with...

The objective of this document is to identify and quantify the deflections of each one of the MERCOSUR member countries with respect to a common external tariff policy. A detailed description of the mechanisms that generate those deflections in each country is presented.

El MERCOSUR acuerda la eliminación de barreras al comercio entre países fronterizos que presentan una gran asimetría en su dimensión geográfica y económica y que se ubican a gran distancia de los centros económicos mundiales. A partir de variaciones sobre un modelo de equilibrio general...