Documento de Trabajo

Estándares laborales y proteccion potencial: ¿Amenazas para Chile?

El objetivo de este trabajo es estudiar en qué medida los estándares laborales podrían ser usados para justificar restricciones a las exportaciones chilenas. Nos interesan tanto las restricciones efectivas como aquéllas más sutiles, en las cuales la posibilidad de se impongan sanciones podrían inducir a los productores chilenos a elevar sus estándares y con ello

A New Mechanism to Auction Highway Franchises

Most developing-country governments lack resources to undertake urgent highway construction programs. This has led to the suggestion that private firms should be given franchises to build, finance, operate and transfer (BOT) highways in exchange for toll revenues. We build a conceptual framework in which we analyze the virtues and limitations of different mechanisms that could

Dynamic Growth Games with Externalities

We examine the dynamics growth in a simple economy with two industrial sectors that exert externalities on each other. We find a solution to the dynamic game that ensues between the two sectors and compare it to the efficient cooperative solution. We show that internalize the externality. The direction of the inefficiency depends on the

Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach

In this paper we derive a model of aggregate investment that builds from the lumpy microeconomic behavior of firms facing stochastic fixed adjustment costs. Instead of the standard (S,s) bands, firms` adjustment policies are probabilistc, with a probability of adjusting specification of the distribution of fixed adjustment costs, the adjustment hazards approach encompasses models ranging

Citizens, Autocrats, and Plotters: A Model and New Evidence on Coups D

We present a model of coups in autocracies. Assuming that policy choices cannot be observed but are correlated with the short-run performance of the economy we find that: (a) the threat of a coup disciplines autocrats; (b) coups are more likely in recessions; (c) increasing per capita income has an ambiguous effect on the probability