Social learning can occur when information is transferred from existing customers to potential customers. It is especially important when the information that is conveyed pertains to experience attributes, i.e., attributes of products that cannot be fully verified prior to the first purchase....

Se establece en este ensayo una base para investigar la relacion entre la pobreza, la distribucion de los recursos y la operacion de los mercados de activos en Brasil. Se desea asi, sobre todo, ayudar a la implantacion de politicas que incrementen los activos de capital de los pobres. Para tal...

We extend the Lucas' 1988 model introducing two classes of agents with heterogeneous skills, discount factors and initial human capital endowments. We consider two regimes according to the planner's political constraints. In the first regime, that we call meritocracy, the planner faces...