Siempre se ha hecho énfasis en las consecuencias distributivas de los procesos de alta inflación. Cuando se considera la inflación como un gravamen sobre las tenencias de dinero de las personas, se pueden estudiar los efectos que tiene la financiación del gasto público a través de la...

The literature on the evolution of impatience, focusing on one-person decision problems, finds that evolutionary forces favor the more patient individuals. This paper shows that in the context of a game, this is not necessarily the case. In particular, it offers a two-population example where...

This paper contains case studies documenting the process of export emergence in four sectors producing differentiated goods in Argentina: wines, television programs, motorboats, and wooden furniture. Each case describes the development of Argentine exports, provides a basic history of the sector...

In many auction settings, there is favoritism: the seller's welfare depends positively on the utility of a subset of potential bidders. However, laws or regulations may not allow the seller to discriminate among bidders. We find the optimal nondiscriminatory auction in a private value,...

In the standard moral hazard model, withholding of effort by the agent is not observable to the principal. We argue that this assumption has to be changed in applications that study corruption. The overwhelming majority of cases where corrupt politicians have been punished involve the detection...

This paper evaluates the trade-off between the advantages of risk sharing and the perils of common pool problems in federal fiscal arrangements. Under the assumption of asymmetric information we evaluate two alternative regimes of intergovernmental transfers. In one regime, the central...