This paper models an entrepreneur's choice between investing in a safe activity or experimenting with a new risky one, and how much to invest in the "entrepreneurial capital" that would permit more effective use of the arriving information on the latter- how much to learn how to learn. Optimal...

Insurance-based schemes for the financing of health care systems in developing countries face the structural challenge of labor-market informality. Neither community financing schemes nor supply-side subsidies seem to guarantee access to health care by the most vulnerable groups. But the...

Financial protection is one of the objectives of health systems, which protects poor households from falling into poverty as a result of health care related expenses. Expanding prepayment schemes to the poor is difficult in developing countries because labor is largely informal. Providing health...

This paper analyses the effect of Covid-19 on health and economic indicators of Bogota, the capital of Colombia, and the responses of the local government to ease the economic shock. We highlight the importance of designing policies that adapt to the local context and complement the existing...

This paper models an entrepreneur's choice between investing in a safe activity or experimenting with a new risky one, and how much to invest in "entrepreneurial capital" that permits more effective use of arriving information on the latter - how much to learn how to learn. Optimal investment...

Spanish Abstract:El sector minero-energético es una fuente importante de crecimiento, de divisas internacionales y de ingresos fiscales para el Gobierno. Recientemente, el Gobierno aprobó una reforma tributaria, cuyo principal recaudo proviene del sector extractivo y ha sugerido suspender la...

El 22 de marzo de 2023 el Gobierno Nacional radicó el Proyecto de Ley ¿Cambio por la Vejez¿, el cual busca reformar el sistema pensional colombiano y presenta un nuevo esquema de protección a la vejez. La propuesta considera un esquema compuesto por cuatro pilares; el solidario, el...

This paper studies a principal-agent model where a risk-neutral principal delegates to a risk-neutral agent the decision of whether to pursue a risky project or a safe one. The return from the risky project is unknown and the agent can acquire costly unobservable information about it before...