La introducción de nuevo transporte público en una localidad aumenta su accesibilidad, generando atractivo por vivir allí. Si esto se traduce en incrementos (premios) a los precios de vivienda o tierra, entonces existe ...

This paper develops a model to capture the key features of poverty, credit constraints and resource management faced by poor rural households. We assume that, due to the existence of asymmetric information and moral hazard, ...

This paper explores the role of tax policy in shaping incentives for executive effort(labor supply) and rent seeking within the firm. We develop a theoretical model thatdistinguishes between effort and rent-seeking responses ...

This paper studies a two-sector economy in which one of the sectors (the “commodity sector”) depends in part on the exploitation of a renewable natural resource and examines the issue in an economy-wide context where ...

It is shown that long-held views on the links between minimum wages and human capital arising from on-the-job training are not in general valid in a general equilibrium context. Of the three propositions obtained from ...

Using retained profits, instead of realized capital gains, by simply adding them to the shareholders’ other sources of income is shown to be in general incorrect. We provide a methodology to include undistributed profits ...

The inhability of the agricultural sector to maintain the relative income level of the population devoted to the sector has been called the “farm problem” in the literature. The analytical wok on the farm problem” has been ...