Category Archives: Economics

Authors: José Carlos R. Alcantud and Annick Laruelle . José Carlos R. Alcantud is a professor of Economics at the department of economics and economic history and a member of the multidisciplinary business institute (IME) of the University of Salamanca. Annick […]

It is estimated that at least 860 million people live in slums, a number that has been growing by six million a year from 2000 to 2010 (UN-Habitat 2012) . The study of slums worldwide is a very complex problem. […]

Israeli nurseries are particularly famous amongst economists (at least, amongst experimental economists). An already classical study shown that, following a ‘natural experiment’ in which some day-care centers opted for issuing a fine to parents for late children’s pickups, while […]

This article summarizes a review of the literature presented in Sacerdote (2011) . I thank Ricardo Mora for bringing it to my attention. The simplest model of behavioral genetics assumes that child outcomes (Y) are produced by a linear […]

The first known application of modern economic techniques to solving epistemic problems in science was very explicit in describing the value of a scientific theory as the difference between ‘costs’ and ‘benefits’. I’m referring to Charles Sanders Peirce’s ‘Note […]

Competitive markets are efficient under a number of conditions. One is that the consumption or production of the commodity to be traded must not cause externalities. For instance, consider a group of firms polluting the atmosphere or the waters […]

Originally, intellectual property legislation was created on the assumption that the profits derived from the monopoly of the patented inventions would encourage innovation and thus promote economic growth. This is one of many hypotheses that the vast majority of economists […]

Tax data are an important source of information for a wide range of statistical series. Their use, however, has been mainly confined to the analysis of the impact of fiscal policies on different socio-economic groups. Nevertheless, a recent group of […]

One of the aspects in which modern economics has departed further away from the neoclassical paradigm is the treatment of information after the seminal works of Akerlof, Spence and Stiglitz, who rightly won the Nobel prize for their contributions. […]

In 2012 the Nobel Memorial Prize in Economic Science was granted to two mathematicians, Lloyd Shapley and Alvin Roth, “for the theory of stable allocations and the practice of market design”. The market design in their theory was not […]