En este trabajo se pretende realizar una aproximación a la determinación de curvas de Engel y elasticidades en el campo del Análisis de Presupuestos Familiares. Se revisan los modelos parámetricos más usuales en este campo y se analizan sus resultados comparándolos con una estimación de...

We propose a way to compute the hedging Delta using the Malliavin weight method. Our approach, which we name the l-method, generally outperforms the standard Monte Carlo finite difference method, especially for discontinuous payoffs. Furthermore, our approach is nonparametric, as we only assume...

Evolutionary economics badly needs a behavioral theory of household consumption behavior, but to date only limited progress has been made on that front. Partly because Schumpeter's own writings were focused there, and partly because this has been the focus of most of the more recent empirical...