Abstract: We analyze the optimal provision of information in a procurement auction with horizontally differentiated goods. The buyer has private information about her preferred location on the product space and has access to a costless communication device. A seller who pays the entry cost may...

Abstract: We study the effect of UI benefits in a typical developing country where the informal sector is sizeable and persistent. In a partial equilibrium environment, ruling out the macroeconomic consequences of UI benefits, we characterize the stationary equilibrium of an economy where...

Abstract: This paper studies oligopolistic competition in education markets when schools can be private and public and when the quality of education depends on peer group"" effects. In the first stage of our game schools set their quality and in the second stage they fix their tuition fees. We...

Resumen: Algunos cambios recientes en la política agrícola en Colombia se han orientado hacia la implementación de medidas de apoyo directo a los productores, con el fin de proteger su ingreso y fomentar una mayor competitividad del sector. No obstante, estimaciones acerca del impacto...

Economic literature about determinants of labor income has evolved around its theoretical and methodological foundations and more sophisticated and accurate empirical estimations emerged. Colombian literature, though prolific, lacks on rigor. In order to exemplify the effects of this inattention...

The purpose of this paper is to propose a characterization, different from the traditional ones, of developed and developing countries, in terms of science and technology. First, we identify the generating processes of the publication and patent series of the countries. Then we relate the...

Se presenta aquí, en forma breve, el origen de la matematización económica y el campo de la economía matemática. Un enfoque histórico inicial divide dicho campo en un primer periodo denominado marginalista, otro donde se utiliza la teoría de los conjuntos y modelos lineales y por último...

We examine the long-run relationship between the parallel and the official exchange rate in Colombia over two regimes; a crawling peg period and a more flexible crawling band one. The short-run adjustment process of the parallel rate is examined both in a linear and a non-linear context. We find...

We examine the long-run relationship between the parallel and the official exchange rate in Colombia over two regimes; a crawling peg period and a more flexible crawling band one. The short-run adjustment process of the parallel rate is examined both in a linear and a non-linear context. We find...

Resumen Se presentan argumentos que indican que es necesario, ahora, diseñar una estrategia convincente de generación de superávit fiscales primarios futuros (permanentes) cuyo rango está entre 0.9% y 1.5% del PIB, de manera que el actual nivel de endeudamiento pueda ser juzgado sostenible....