We demonstrate that achieving sensible convergence of prices to equilibrium is facilitated by market maker risk. \\ We introduce several criteria for price formation rules, and provide an example that satisfies all of them. The risk aversion of the market maker inevitably leads to price...

En este artículo se lleva a cabo un estudio actualizado sobre la evolución de las diferencias salariales interindustriales en España. En comparación con otros trabajos previos sobre el tema, el presente incorpora ciertas innovaciones tanto en lo referente a los datos utilizados como con...

"An Unequal Democracy?: Seeing Latin America through European Eyes" is the result of a conference organized by the International Institute for Governance of Catalonia in November 2003, with support from the government of Catalonia and the Special Office in Europe of the IDB. At the conference, a...