We examine the way in which differences in language and culture may affect direct investment decisions. We use a discrete choice approach to model the location decisions of multinationals in which cultural links, language ...

The purpose of this paper is to make an example which, first, illustrates Starret’s Spatial Imposibility Theorem, when agents have free mobility; and second, allowes us to get a competitive equilibrium with transportation ...

The paper presents a unified framework where claim and cost sharing problems are jointly analyzed. Both problems have the following common characteristic: given a proposal the agents valuate the suitability of the proposal ...

Este trabajo trata sobre los modelos dinámicos de segregación. En él se observan claramente las posiciones de algunos autores económicos, y sus aportaciones a la literatura sobre este tema. Se puede decir, que el artículo ...

This paper analyzes to what extent the definition of property rights affects cropping decisions when these decisions generate negative externalities. To that end, we implement an experimental study where agents make cropping ...

This paper investigates the use of egalitarian criteria to select allocations in bankruptcy problems. In our work, we characterize the sets of Lorenz maximal elements for these problems. We show that the allocation selected ...

This paper develops a general model of common resource extraction where we introduce payments for environmental services to encourage resource users to give up extraction. The goal is to reach a balance between resource ...