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Rob Hayward
Does speculation facilitate price discovery or instability? If it is price discovery, it is beneficial and should be encouraged; if it is instability, welfare is enhanced by its reduction. This paper seeks to distinguish between these two characteristics...
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Diego M. Roldán, Patricio Cárdenas, Francisco A. Roldán, Pablo Beltrán, Doménica Ávila
Pág. 107 - 122
After the persistent criticism of the gross national income (GDP) as a measure of well-being, numerous proposals for synthetic indicators of different dimensions have emerged. The most notable was the Human Development Index (HDI), which although sponsor...
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Ricardo D. Paredes, Andrés Crisosto K., Philippe Martí C.
Pág. pp. 171 - 186
Using a sample of 680 and 1,300 judicial and private auctions respectively, we analyze the effect on the wealth of those the law is intended to protect of different regulations applicable to each type of auctions. We find that consistent with a simple ec...
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Jose Mendez
Pág. pp. 37 - 52
The aim of this paper is to complement the existing literature on horizontal
mergers, by setting a Cournot mixed oligopoly model. Specifically, the merger
paradox is qualified by proving that a merger could be profitable for the merging
firms even if it ...
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José Miguel Benavente, Gustavo Crespi
Pág. pp. 223 - 254
It may be stated that there exists, within the field of the economy, a growing consensus regarding the fact that together with capital accumulation, technological progress and its associated innovations are the central forces of the process of economic g...
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