Chile has pioneered the implementation of emission offseting programs pursuing simultaneously economic growth and environmental protection. In this paper, emission trading programs implemented in Santiago of Chile are analyzed and its relevance for developing countries is evaluated. It is argued...

A large part of the literature analyzing the links between biodiversity conservation and community development assumes that nature-based tourism managed by indigenous communities will result not only in conservation of natural resources but also in increased development. In practice, indigenous...

En este trabajo se exploran los efectos de un programa de descontaminación sobre la calidad del aire en Santiago de Chile. Se estiman dos modelos; uno de Mínimos Cuadrados Ordinarios (MCO) y otro no paramétrico de Regresión Discontinua (RD) para diferentes ventanas de periodos en torno al...

This paper explores the effect of natural resource abundance on political stability. We extend the work of Acemoglu and Robinson (2006) and Morrison (2007) to analyze how natural resource abundance affects the threat of revolution and democratization. The model is able to reproduce the stylized...

This study examines how the impact of Tradable Green Certificates (TGC) on profitability and investment behavior varies depending on the vertical integration status of regulated firms. Our theoretical model predicts that vertical integration does not lead to higher profits when internal pricing...