Now showing items 1-6 of 6
Why labor income shares seem to be constant?
The common assumptions that labor income share does not change over time or across countries and that factor income shares are equal to the elasticity of output with respect to factors have had important implications for ...Documento de trabajo. 2007
Conflict and negotiation: a game theoretical approach
We study economic conflicts using a game theoretical approach. We model a conflict between two agents where each one has two possible strategies: cease-fire or neglect the truce. Under this setting, we use the concept of ...Documento de trabajo. 2008
Factor shares at the sector level, Colombia 1990-2005
In general, empirical studies on economics rely on the assumption of constant capital share of income both at the aggregate level and at the sector level. However, there is no empirical evidence supporting the constancy ...Documento de trabajo. 2009
Factor saving innovations and factor income shares
We present an endogenous growth model where innovations are factor saving. Technologies can be changed paying a cost and technological change takes place only if the benefits are larger than the costs. Since the gains ...Documento de trabajo. 2007
If factor shares are not constant then we have a measurment problem. can we solve it?
Recent evidence show that factor shares, if properly measured, are far from constant. Moreover, the shares of natural resources and raw labor seem to be negatively correlated with income per capita while the share of ...Documento de trabajo. 2009
Biased technological change, human capital and factor shares
We propose a one-good model where technological change is factor saving and costly. We consider a production function with two reproducible factors: physical capital and human capital, and one not reproducible factor. The ...Documento de trabajo. 2007