We study economies where all commodities are indivisible at the individual level, but perfectly divisible at the aggregate level. Paper (fiat) money which does not influence agents preferences may be used to facilitate exchange. In a parallel paper (Florig and Rivera (2002), we introduced a...

This paper makes the case for the return of regulation in the organization of urban bus services in developing countries. During the past three decades urban public transport policy has transversed several phases. From public ownership and monopoly provision, the eighties and nineties was...

En este artículo construimos medidas de tipos de cambio real sectoriales para la economía chilena. Encontramos que hay significativa heterogeneidad en los TCR sectoriales, importantes cambios en esa heterogeneidad y en las posiciones relativas de los sectores para el período 2000-2010.Usando...

This paper discusses the recent literature concerning the Mohring effect and the need to subsidize public transport in order to provide optimal frequencies when there is a monopoly provider. We show that all of the results of this literature are special cases of Spence (1975), albeit with a...

Searching for a behavioural explanation of the empirical occurrence of Environmental Kuznets Curve (EKC) the literature has usually assumed additive preferences, i.e. that the marginal utility of consumption does not depend on pollution levels. We update and extend previous literature on the EKC...

This paper presents empirical results of transitions of poverty measures for Chile, using the 1996–2001–2006 National Socioeconomic Panel Survey data. We compare the differences between poverty dynamics using the income method and the multidimensional approach. Also, we identify determinants...

In this paper we consider a class of pure exchange economies in which the consumption plans may be restricted to be above a minimal level. This class is parameterised by the initial endowments and the constraints on the consumption. We show that the demand functions are locally Lipschitzian and...

Desde 1984 y hasta 1997, la economía chilena experimentó un crecimiento per cápita promedio de 5,4 por ciento, lo que la ubica dentro de las economías exitosas del mundo de las últimas dos décadas. Sin embargo, entre 1998 y 2001 esa tasa cayó bruscamente a 1,2 por ciento por año. Este...

We use a specially designed survey to evaluate the effect of several public policies on female labor force participation in Chile. First, we estimate a self-selection model to find the determinants of female labor participation and wages. Our participation estimates show that schooling is highly...

El artículo revisa críticamente la literatura empírica respecto del impacto de la competencia y participación de privados sobre los resultados de la educación chilena. El artículo identifica períodos de acuerdo a la extensión de la competencia y participación privada; discute la naturaleza...