Estudios de Economía  

Axel Leijonhufvud

The economic prospects of Latin America are seen with increasing optimism by the international business community following the economic reforms carried through in a number of countries in recent years. Privatizations and the lowering of trade barriers, i... see more

Pablo Sanguinetti

It is well known that the fiscal performance of a country is actually determined by the interaction of may fiscal authorities within the public sector. The purpose of this paper is to present a simple model that adopts a game-theoretic point of view to in... see more

Fernando Ossa

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Eugenio Figueroa

The inhability of the agricultural sector to maintain the relative income level of the population devoted to the sector has been called the “farm problem” in the literature. The analytical wok on the farm problem” has been concentrated on the U.S. case. H... see more

Felipe Balmaceda

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Swapan Dasgupta

In the literature on price characterization of optimal paths in stationary models of optimal growth, distinct “transversality conditions” have been pr esented, depending on whether or not utilities are discounted. In the discounted case, this condition ta... see more

Elvio Accinelli

In this paper we prove the existence of an equilibrium theorem and we obtain a condition for uniqueness of equilibrium in infinite dimensional economics using the excess utility function.