The central hypothesis of this article is that liability regulation can foster firms' incentives to study the (potential) dangers of their products. We discuss alternative views and develop a formal model to analyze a firm's incentive structure under the application of hindsight liability. We...

One of the main reasons to dollarize an emerging market economy is to eliminate high, persistent, and volatile inflation. To be effective, dollarization must generate sufficient credibility, which in turn depends critically on whether its expected probability of reversal is low. Argentina once...

In this paper we revisit the results that appeared originally in Coloma (2017) about the possible existence of negative correlation between linguistic measures, using a new database of 80 languages for which we have the same text (which is the fable known as "The North Wind and the Sun"). Most...

This paper summarizes some of the milestones involved in the road leading "from Agronomist to Agricultural Economist". Personal anecdotes are presented, as well as aspects of professional work undertaken. In relation to this, selected results of research work related to the agricultural firm in...

In this paper, we present a comprehensive analysis of the technology underpinning Generative Pre-trained Transformer (GPT) models, with a particular emphasis on the interrelationships between Euclidean distance, spatial classification, and the functioning of GPT models. Our investigation begins...