Browsing by Author "201-0496884"
Now showing items 1-20 of 21
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(The MIT Press, 2001)Tax compliance studies usually focus on the effect of enforce-ment spending on tax evasion. Reliable estimates are difficult to obtain because evasion data are often suspect. This note shows how tax revenues can be used ...
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(John Wiley & Sons Ltd, 1984)Conditions under which sums, products and time-aggregation of ARMA processes follow ARMA models are derived from a single theorem. This characterizes these processes in terms of difference equations satisfied by their ...
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(ILADES-Georgetown University, Universidad Alberto Hurtado, 1995)How consumers behave has important consequences when assessing the effectiveness of particular consumer protection policies. In this paper it is argued that policies that rely strongly on consumer rationality, such as ...
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(Elsevier, 2004)On theoretical grounds alone, there is no a priori reason why higher taxes should reduce the desired capital stock, since a tax increase reduces marginal returns but also increases depreciation and interest payment allowances. ...
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(Centro de Estudios Públicos, 1997)En este trabajo se analiza la licitación de concesiones viales urbanas argumentándose que las predicciones de tráfico son aún más imprecisas que en el caso interurbano y que es deseable que el mecanismo de licitación permita ...
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(EXPANSIVA, 2007)Los ingresos fiscales provenientes del cobre durante el 2006 llegaron a niveles nunca antes vistos. Buena parte de la bonanza ha sido ahorrada y será gastada en el futuro, siguiendo la regla de superávit estructural. ¿Es ...
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(The Econometric Society, 1991)In this paper we provide a framework to study the aggregate dynamic behavior of an economy where individual units follow (S, s) policies. We characterize structural and stochastic heterogeneities that ensure convergence ...
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(The Econometric Society, 1999)In this paper we derive a model of aggregate investment that builds from the lumpymicroeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of theŽ.standard sharp S, s bands, firms’ adjustment ...
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(Oxford University Press, 1993)When firms face menu costs, the relation between their output and money is highly nonlinear. At the aggregate level, however, this needs not be so. In this paper we study the dynamic behavior of a general equilibrium ...
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(American Economic Association, 1997)We build a conceptual framework to analyze the virtues and limitations of alternative mechanisms that can be used to auction a highway. We argue that current mechanisms, which fix the term of the franchise, create unnecesary ...
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(Wiley, 2004)A seaport is awarded in a Demsetz auction to the operator bidding the lowest cargo-handling fee. The competitive auction is irrelevant if the port operator integrates into shipping and sabotages competitors, thus providing ...
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(The University of Chicago Press, 2001)In this paper we show that fixed-term contracts, which are commonly used to franchise highways, do not allocate demand risk optimally. We characterize the optimal risk-sharing contract and show that it can be implemented ...
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(JSTOR, 1993)The basic premise of this paper is that understanding aggregate dynamics requires considering that agents are heterogeneous and that they do not adjust continuously to the shocks they perceive. We provide a general ...
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(Elsevier, 1993)This paper is an attempt to enrich the characterization of the sluggish behavior of the aggregate price level. Our contribution to this vast literature is to explicitly consider microeconomic heterogeneity and its ...
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(Brookings Press (USA), 1995)THE EMPIRICAL INVESTMENT literature is full of disappointments. From time to time waves of new ideas challenge the aggregate investment equation, but these challenges are rarely successful, and progress is, at best, ...
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(Elsevier, 2007)What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary shocks? The answer to this question ranges from a one-to-one link [Calvo, G., 1983. Prices in a ...
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(Centro de Estudios Públicos, 2009)Este trabajo describe en forma sistemática los montos renegociados en las 50 concesiones cuyos datos han sido publicados por el MOP en su página web. Su principal conclusión es que las renegociaciones son frecuentes y ...
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(Elsevier, 2019)It has been known for some time that renegotiations of public-private partnerships (PPPs) are related to the political cycle. For example, in his seminal work on renegotiations Guasch (2004) found that incoming administrations ...
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(JSTOR, 1992)On October 5, 1988, Chileans decided by plebiscite to oust General Pinochet from power and have free presidential elections in 1989. This article describes the projections that the authors made for the results of the ...
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(The American Economic Association, 2004)Cooper and Willis (2003) is the latest in a sequence of criticisms of our methodology for estimating aggregate nonlinearities when microeconomic adjustment is lumpy. Their case is based on “reproducing” our main findings ...
