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Consensus in communication networks under Bayesian updating
(Centro de Investigación y Docencia Económicas, División de Economía, 2012)
This paper studies the evolution of beliefs of a group of Bayesian updaters
who are connected through a social network that enables them to listen to
the opinions of others. Each agent observes a sequence of private ...
Interest rate pass-through in the Dominican Republic
(Centro de Investigación y Docencia Económicas, 2017-04-05)
A well-functioning monetary transmission mechanism is critical for monetary policy. As the Dominican Republic recently adopted an inflation targeting regime, it is even more relevant to guarantee that changes in the monetary ...
Changes in rural poverty in Perú 2004–2012
(Centro de Investigación y Docencia Económicas, 2017-01-30)
This paper disaggregates the various sources of rural income growth in Peru between 2004 and 2012 and shows that about 80% of the increase came from rising earnings and only 15% from transfer programs. This increase in ...
Private and pareto efficient public transfers
(Centro de Investigación y Docencia Ecónomicas, 2011)
Private transfers are a market mechanism that changes the inequality in the distribution of income. Should the government increase or reduce the size of Pareto efficient public transfers after observing an increase in inter ...
Environmental justice and toxic releases in urban Mexico
(Centro de Investigación y Docencia Económicas, División de Economía, 2018)
In this paper we present empirical evidence that major toxic releasing facilities in Mexico pollute more in poorer or marginalized neighborhoods. We are the first to investigate “environmental (in)justice” behavior utilizing ...
Choques externos y fuentes de fluctuaciones macroeconómicas: una propuesta con modelos de SVEC para la economía argentina
(Centro de Investigación y Docencia Ecónomicas, 2011)
Uno de los temas de análisis de la macroeconomía en los últimos años ha sido tratar de identificar empíricamente los factores que generan fluctuaciones en los agregados económicos. Este trabajo investiga las fuentes de las ...
Risk aversion and the Pareto frontier of a dynamic principal-agent model: an evolutionary approximation
(Centro de Investigación y Docencia Económicas, División de Economía, 2011)
In this paper we formulate an infinitely repeated Principal-Agent relationship as a Multi-Objective Optimization problem. We numerically approximate the solution of this model using a Multi-Objective Optimization Evolutionary ...
Chocolate money
(Centro de Investigación y Docencia Económicas, División de Economía, 2019)
Why did people exert considerable eort ongold production when chocolate is cheaper and it can serve as money as well? Production costs determine a commodity’s use as money, as a consumption good, or as both. Three results ...
The rise and fall of the Barcelonnettes in Mexico and their implications for a theory of entrepreneurial diasporas
(Centro de Investigación y Docencia Ecónomicas, 2013)
This paper develops a socioeconomic model to analyze the construction and ulterior collapse of an entrepreneurial diaspora. The mathematical model is motivated by some empirical facts of the Barcelonnettes diaspora, a group ...
The challenge of market power under globalization
(Centro de Investigación y Docencia Económicas, División de Economía, 2014)
The legacy of Adam Smith leads to a false confidence on the optimality of laissez faire policies for the global market economy. Instead, the polarized character of current globalization deeply affects both developed and ...