Envíos recientes

  • Does the market model provide a good counterfactual for event studies in finance? 

    Castro, Carlos
    Proporcionamos un marco de referencia que relaciona los métodos de estimación tradicionales de estudios de eventos en finanzas con una aproximación moderna a los estudios de eventos causales. Esta familia de estimadores ...
     Documento de trabajo. 2017
  • Bilateral Investment in a Delegated Common Agency 

    Roig, Guillem (2017-12-07)
    I study a bilateral investment game where a buyer privately trades with several suppliers who compete by offering menus of non-exclusive contracts. When market trading is structured so that competition among suppliers is ...
     Documento de trabajo. 2017
  • Overlapping Networks of Credit and Control 

    Buchuk, David; Larrain, Borja; Prem, Mounu; Urzua I., Francisco (2017-10)
    Business groups are networks of firms connected by ownership links. We study the reaction of these networks to the 2008-9 crisis using a unique dataset of Chilean intra-group loans. Internal credit increases swiftly during ...
     Documento de trabajo. 2017
  • Clientelism: Concepts, Agents, and Solutions 

    Gallego, Jorge; Wantchekon, Leonard
    En este capítulo discutimos algunos de los temas más importantes relacionados con la literatura en clientelismo político. Luego de definir algunos de los conceptos básicos asociados con este tema, defendemos la afirmación ...
     Documento de trabajo. 2017
  • Tweeting for Peace : Experimental Evidence from the 2016 Colombian Plebiscite 

    Gallego, Jorge; Martínez, Juan D.; Munger, Kevin; Vásquez, Mateo (2017-11-09)
    El extenso conflicto armado colombiano prácticamente llegó a su fin con el el plebiscito por la paz de 2016, que en últimas fue derrotado en una votación reñida. Este conflicto ha dividido profundamente a la sociedad ...
     Documento de trabajo. 2017
  • How do risk attitudes affect pro-social behavior? Theory and experiment 

    Fahle, Sean; Sautua, Santiago-Ignacio (2017-11-02)
    We explore how risk preferences affect pro-social behavior in risky environments. We analyze a modified dictator game in which the dictator could, by reducing her own sure payoff, increase the odds that an unknown recipient ...
     Documento de trabajo. 2017
  • Product Compatibility as an Strategy to Hinder Entry Deterrence 

    Roig, Guillem (2017-10-19)
    In many markets, firms produce and sell complementary components that form a product system. This paper studies the effects of compatibility in product advertisement and entry decisions in a differentiated product market. ...
     Documento de trabajo. 2017
  • Análisis empírico de los efectos económicos de la colusión: lecciones para Colombia 

    Florez-Acosta, Jorge; Gómez Portilla, Karoll (2017-07)
    En este artículo se revisa uno de los casos más recientes sancionados por la Superintendencia de Industria y Comercio en Colombia: el caso del mercado de pañales desechables para bebé, para a la luz de los métodos y modelos ...
     Documento de trabajo. 2017
  • Can Television Bring Down a Dictator? Evidence from Chile's “No” Campaign 

    González, Felipe; Prem, Mounu (2017-08)
    Can televised political advertising change voting behavior in elections held in authoritarian regimes? We study the case of Chile, where the opposition used television campaigns weeks before the election that ended the ...
     Documento de trabajo. 2017
  • Determinantes de productividad de jóvenes investigadores: estudio de caso Facultad de Economía Universidad del Rosario 

    Jaramillo Salazar, Hernán; Peláez Sierra, Sergio; Lucio-Arias, Diana
    En este artículo se presentará un análisis de los determinantes de productividad académica y de trayectorias profesionales basado en datos de las hojas de vida y de la aplicación de una encuesta integral a los participantes ...
     Documento de trabajo. 2017
  • Early diagnosis of chronic conditions and lifestyle modification 

    Rodriguez Lesmes, Paul Andres (2007-06)
    Este estudio estima el impacto potencial sobre uso de medicamentos, percepciones de salud y estilo de vida, de los programas de diagnóstico temprano. Para controlar por sesgo de selección relativo a los chequeos médicos, ...
     Documento de trabajo. 2017
  • Young Innovative Firms, Investment-Cash Flow Sensitivities and Technological Misallocation 

    Valencia-Arana, Oscar M.; Gomez-Gonzalez, Jose Eduardo; Garcia-Suaza, Andres (2017-06-07)
    Can technological misallocation generate financial frictions? We build a theoretical model with testable implications, in which the misallocation between R&D and production activities generates borrowing constraints. The ...
     Documento de trabajo. 2017
  • Duopolistic competition in markets where consumers have switching costs 

    Roig, Guillem (2017)
    In a dynamic competition model where firms initially share half of the market and consumers have switching costs, consumers’ sophistication, lifespan and concentration impact the possibility to set collusive prices. I first ...
     Documento de trabajo. 2017
  • Employment and Efficiency Effects of Social Security (SS) and Social Protection (SP) Systems in the Context of an Informal Sector and Market Imperfections: A Conceptual Review 

    Berry, Albert (2017-04)
    Most developing countries suffer serious “imperfections “in their labour, capital and product markets; a high level of informality (lack of connection with the state, e.g. non-registration, non-compliance with tax and ...
     Documento de trabajo. 2017
  • School Choice: Nash Implementation of Stable Matchings through Rank-Priority Mechanisms 

    Jaramillo, Paula; Kayi, Cagatay; Klijn, Flip (2017-03-02)
    We consider school choice problems (Abdulkadiroğlu and Sönmez, 2003) where students are assigned to public schools through a centralized assignment mechanism. We study the family of so-called rank-priority mechanisms, each ...
     Documento de trabajo. 2017
  • Rank Gaps and the Size of the Core for Roommate Problems 

    Jaramillo, Paula; Kayi, Cagatay; Klijn, Flip (2017-02-28)
    This paper deals with roommate problems (Gale and Shapley, 1962) that are solvable, i.e., have a non-empty core (set of stable matchings). We study the assortativeness of stable matchings and the size of the core by means ...
     Documento de trabajo. 2017
  • Measuring the effectiveness of volatility call auctions 

    Castro, Carlos; Agudelo, Diego; Preciado, Sergio (2017-01-17)
    We propose a method based on synthetic portfolios for event studies and apply it in the context of market microstructure. The method provides a robust data driven approach to build a credible counterfactual. The method is ...
     Documento de trabajo. 2017
  • Civil conflict and voting behavior : evidence from Colombia 

    Gallego, Jorge (2016-09-24)
    ¿Cuáles son los efectos de la guerra sobre el comportamiento político? Colombia es un caso interesante en el que el conflicto y las elecciones coexisten y los grupos armados ilegales intencionalmente afectan los resultados ...
     Documento de trabajo. 2016
  • Does international trade produce convergence? 

    Giraldo, Iader (2016-09-09)
    In spite of increasing globalization around the world, the effects of international trade on economic growth are not very clear. I consider an endogenous economic growth model in an open economy with the Home Market Effect ...
     Documento de trabajo. 2016
  • Natural resources, redistribution and Human capital formation 

    Aguero, Jorge; Balcazar, Carlos Felipe; Maldonado, Stanislao; Ñopo, Hugo (2016-05-25)
    How do resource booms affect human capital accumulation? We exploit time and spatial variation generated by the commodity boom across local governments in Peru to measure the effect of natural resources on human capital ...
     Documento de trabajo. 2016

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