In this paper we derive a method for simultaneously estimating three possible determinants of output price : the marginal market cost of production, the user cost of the resource, and the exercise of market power.

Este ensayo recorre los primeros cincuenta años de la Caja de Crédito Hipotecario de Chile desde su creación en 1855. Durante la segunda mitad del siglo XIX, las operaciones crediticias de la Caja activaron la rápida expansión del regadío del Valle Central y posibilitó el concomitante...

A common dilemma facing educational planners engaged in educational reform in developing countries is the allocation of sharply-reduced resources to the expansion of school facilities versus improvement of existing school facilities. The empirical results presented in this paper for Kenya...

In this paper we propose a new approach for the econometric analysis of the dynamics of price discovery using a structural cointegration model for the price changes in arbitrage linked markets. Our methodology characterizes the dynamics of price discovery based on the impulse response functions...