We consider a pure exchange economy, where agent's consumption spaces are Banach spaces, goods are contingent in time of states of the world, the utility function of each agent is not necessarily a separable function, but increasing, quasiconcave, and twice Frechet differentiable over the...

The purpose of this paper is to analyze some additional issues related to foreign direct investment (FDI) and to the development of regional integration agreements (RIA).Firstly, we include additional variables to those that are generally considered in the gravity models of FDI determinants...

The paper analyses data on wages, employment and labour composition in the Uruguayan manufacturing sector during 1985-1999 in order to get some evidence on the effects of union action on these variables. The whole period is first studied using a model in which no assumptions on the underlying...

The transnational corporations have been the most remarkable economic phenomena of the post-war period. They are the modern incarnation of the great corporations of the end of the XIX century. But, beyond its common characteristics, it is important to underline the specific attributes of this...

Este documento presenta una revisión sistemática de la literatura económica reciente de las drogas, con especial énfasis en las ilegales. El trabajo es parte del Proyecto “Aporte universitario a un Debate Nacional de Drogas. Las drogas: problemas y potencialidades de la despenalización de...

In the framework of the general equilibrium theory, we introduce an evolutionary model for an economy with production. This will try to explain the possibility of the emergence of unexpected and unpredictable changes (economic crisis), in the economy as a result of the action, under imperfect...

This paper studies the roll of Family Allowances as indirect wages from a perspective of economic history. The analysis, made from the perspective of the Régulation Theory, focuses on uruguayan industrial workers and covers the period 1943-2005. From the analysis of Family Allowances as an...

This article analyzes the attitude of the Uruguayans towards the subjection to the law in the prosecution and punishment of offenders. Specifically, it addresses the approval of people taking justice into their own hands and justification for police action outside the law when capturing...

The “border effect” literature ?nds that political boundaries have a large impact on relative prices, implicitly adding several thousands of miles to trade. In this paper we show that the standard empirical speci?cation suffers from selection bias, and propose a new methodology based on...

Changes in technology and markets result in the transformation of economic structure: When labor is quasi-fixed due to short-term specificity, changing conditions may imply either temporary unemployment or the need of retraining to enable mobility across the sectors. There is an economy-wide...