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Revista de Análisis Económico (1998)

Revista de Análisis Económico (1998)

 

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  • Reputación Antiinflacionaria y Compromiso Cambiario: La Peseta en el SME 
    Esteve, Vicente; Sapena, Juan; Tamarit, Cecilio R. (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    In this paper, we analyze the evolution of the counterinflation reputation implied by joining the exchange rate mechanism of the European Monetary System. We apply a Backus and Driffill (1985a, b) type model where maintaining ...
  • Evaluación Comparada de Modelos de Valoración de Activos: El Caso Del Premio Accionario En Chile 
    Opazo, Luis A. (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    The purpose of this paper is to evaluate the following asset pricing models: i) time separable constant relative risk aversion (TS-CRRA); ii) generalized expected utility; iii) cash-in advance; and iv) discrete-state ...
  • Una Aplicación de la Teoría de Two-sided Matching al Proceso de Admisión a las Universidades en Chile 
    Roldán, Flavia (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    This paper analyzes the National System of Admissions as the mechanism employed in Chile to match universities and students. This process has three stages. The first one allows matching which are individually rational. The ...
  • Concesiones de Carreteras: Recomendaciones para el Caso Peruano 
    Bonifaz, José Luis (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    The purpose of this work is to present some recommendations regarding the concession of roadways to take place in Peru in the coming years. The Road Systems Concessions Program's scheme comprises the granting of approximately ...
  • La Privatización de Reservas en el Sector Hidrocarburífero. El Caso de Argentina 
    Gadano, Nicolás; Sturzenegger , Federico (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    Between 1989 and 1993 Argentina privatized its production and exploration of hydrocarbons. In the process several mechanisms were used. Some of the reserves were privatized through competitive auctions. We show, in an ...
  • Money Demand and Seigniorage-maximizing Inflation in Latin America: Approximation, Learning, and Estimation with Neural Networks 
    McNelis, Paul D. (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    This paper examines money demand and the seigniorage-maximizing inflation rates in Chile, Colombia, Mexico, and Peru with error-correction models (ECM) and artificial neural network (ANN) methods. The purpose is to approximate ...
  • Health Care Services Utilization and Health Insurance Coverage: Evidence from Argentina 
    Bertranou, Fabio (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    This study is the first comprehensive analysis of the relationship between health care services utilization and health insurance coverage for Argentina. Using data from a 1989 household survey, a two equation model is ...
  • Policy Rules and Bidding Behaviour in the Ethiopian Foreign Exchange Auction 
    Aron, Janine (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    Ethiopia adopted a repeated Dutch auction for foreign exchange in May, 1993, for dedicated imports by the private and the state sectors. Various African countries with rudimentary financial systems and thin foreign exchange ...
  • Infrastructure Franchising and Government Guarantees 
    Engel, Eduardo; Fischer, Ronald; Galetovic, Alexander (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    Government guarantees for private infrastructure projects reduce the incentives of firms to perform efficiently, weaken the incentives to screen projects for white elephants, and shift government obligations to future ...
  • Bidding for Concessions 
    Klein, Michael (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    Privatization of infrastructure ventures in sectors such as energy, telecommunications, transport and water has become popular over the last decade. Often �for good or bad reasons- private firms are given monopoly franchises ...
  • Four Issues in Auctions and Market Design 
    McAfee, R. Preston (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    Market designs concerns creation of transaction rules, effectively an automated intermediary. I extend the work of Vives (1998), finding that, for moderately sized auction markets, coordination is more important than ...
  • Renegotiating Incomplete Contracts: Over and Under-Investment in Public Infraestructure 
    Saavedra, Eduardo (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    This paper characterizes the equilibria of infrastructure franchising under incomplete contracting and ex�post renegotiation. The parties (government and a firm) are unable to credibly commit to the contracted investment ...
  • Private Participation in Infraestructure: Considerations for Colombia 
    Von Gersdorff, Hermann; Gray, Philip (ILADES; Georgetown University; Universidad Alberto Hurtado. Facultad de Economía y Negocios; 1998)
    This paper provides an analysis of issues the Colombian government faces with regard to increasing private participation in infrastructure. Although Colombia has ambitious plans for private participation in infrastructure ...