This paper deals with the view that income elasticity of health care is larger than one, as argued by empirical results on the literature. We build a theoretical model that shows that endogenous demographic transition may play a fundamental role on this result. It is argued that families must...

This paper studies the effect of the emergence of large retailers (hypermarkets and department stores) on employment in the commerce sector in the regions of Chile. We use a panel with quarterly data from eleven Chilean regions for the period 1996-2004. Our results indicate that the entry of...

International integration in capital markets raises the cost of capital in technology-backward countries, pushing them toward specialization in labor-intensive industries. To avoid specialization and to sustain production of capital-intensive industries, governments either impose tari.s or limit...

Following the structure of many commodity markets, we consider a few large firms and a competitive fringe of many small suppliers choosing quantities in an infinite-horizon setting subject to demand shocks. We show that a collusive agreement among the large firms may not only bring an output...

This paper explores the influence of economic variables in Chilean presidential elections. We use a panel where the dependent variable corresponds to the share of the vote obtained by the incumbent at a municipal level in the presidential elections of 1989, 1993 and 1999. We focus on the...

The German unification process imposed a significant price-cost squeeze on eastern firms. Important technology differences between the East and the West generated high pressures on the competitive position of eastern manufacturing firms when product and factor markets integration took place. In...

En este artículo se describe cómo se determina la inversión en capital fijo en la economía de Paraguay. El enfoque utilizado es el modelo neoclásico de Jorgenson, el cual es adaptado a las características de una economía en desarrollo. Se consideraron dos modelos alternativos. El primer...

This paper analyzes the relationship between age and health services utilization in Chile, using the CASEN survey of 1994. Logistic analysis is performed to determine how age utilization profiles differ by income, location and system affiliation (private or public insurance). The results are...

El presente documento reúne y evalúa material disperso referente a importaciones, aranceles y en general, a la política comercial de la República. La manera de entender las páginas que siguen es como un producto, intermedio debiera decirse, de una línea de investigación más amplia, cuyo...

This paper shows that exponential discounting may have anadvancing effect on the timing of investment, not captured bysensitivity analysis carried out for the complete range of instantaneous discount rates implicit in declining discounting.