4 articles in this issue
Alvaro Forteza
Excess distortions in government transfer policies might result from the government lack of ability to commit not to help unlucky agents. Incentive considerations that are crucial in standard insurance in the presence of moral hazard play, no role in this... see more
Elvio Accinelli
Our concern in this paper is to obtain conditions for the uniqueness of equilibria, with, commodity bundles as consumption patterns which depend on the state of the world. In the first section we consider an economy with complete markets, where consumptio... see more
Marcelo Tokman
The paper explores the relationship between the distribution of wealth and income, the institutional environment and the growth rate of an economy. A formal model is developed in which the members of society determine, through a political process, the ext... see more
José Novo, Ramón Varela
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