We study the cost-effectiveness of a transferable emissions permit system (TEPS) vis a vis a system of emissions standards. Our analysis includes along with abatement costs, the costs of enforcing the system to induce compliance. Further, the analysis considers complete and incomplete...

Using Chilean administrative datasets for the period 2011-2017, we study which of the most used tools to evaluate teacher quality, namely teachers' evaluation tests (TET) and teacher's value added (TVA), predicts more accurately not only short run (as most of the literature focus on) but also...

The main aim of this paper is to forecast both in-sample and out-of-sample lithium prices. Specifically, we explore the empirical implications of the present value model for exchange rates, market indexes, mining company prices and related company prices in hi-tech, automotive, electric vehicle...

The main aim of this work is to explain the Chilean gender wage gap using a dynamic monopsony model to estimate the labor supply elasticities at the firm level. Our results suggest that the elasticities of labor supply to firms are small, which implies that firms have labor market power. We also...

type="main" xml:id="ecin12106-abs-0001" In this article, we use an experiment to evaluate the performance of alternative refinements in a Myersonian link formation game with a supermodular payoff function. Our results show that a non-cooperative refinement, the global games (GG) approach,...

Background: In this paper we present an economic evaluation of policies aimed at increasing deceased organ donation in Chile, a developing country that has low donation rates; 5,4 donors per million people (pmp) in 2010. Methods: Expert opinion of leading participants in donation and...

In this paper we estimate cost savings for the health-care system and quality of life improvement for patients from an increase in the number of kidney transplants in Chile. To do so, we compare the present value of dialysis and transplantation costs and quality of life in a 20-year horizon. We...

We propose a model of strong reciprocity and trust that combines elements of personality psychology and behavioral economics. In the model, positive reciprocity and negative reciprocity are components of individual utility functions, while trust is an individual bias that distorts the beliefs...

Global games emerged as an approach to equilibrium selection. For a general setting with supermodular payoffs unique selection of equilibrium has been obtained through iterative elimination of strictly dominated strategies. For the case of global games with strategic substitutes, uniqueness of...

We model dynamic mechanisms for a global commons. Countries benefit from both consumption and aggregate conservation of an open access resource. A country's relative value of consumption-to-conservation is privately observed and evolves stochastically. An optimal quota maximizes world welfare...