The purpose of this document is to discuss, from the monetary point of view, the long run effects of a fixed exchange rate regime on prices and interest rates. We develop a partial equilibrium model for the monetary sector of a small open economy in which we link fixed exchange rate to the...

This paper considers valuation of amenities in urban neighborhoods and satisfaction with both those neighborhoods and life in general. First, rents are used to estimate neighborhood amenities price in San Jose, which explain 39 percent of the standardized variation of rents. Some districts rank...

The purpose of this document is to discuss, from the monetary point of view, the long run effects of a fixed exchange rate regime on prices and interest rates. We develop a partial equilibrium model for the monetary sector of a small open economy in which we link fixed exchange rate to the...

The paper discusses the application of Elinor Ostrom’s Social Ecological Systems (SES) framework, using as example a community organization in Costa Rica, which collectively extracts turtle eggs. The paper does so with the particular aim of examining the coevolving relationship between...

This paper considers valuation of amenities in urban neighborhoods and satisfaction with those neighborhoods and life in general. First, rents are used to estimate the price of neighborhood amenities in San Jose, which explains 39% of the standardized variation of rents. Some districts rank very...

The risk of losses of income and productive means due to adverse weather associated to climate change can significantly differ between farmers sharing a productive landscape. It is important to learn more about how farmers react to different levels of risk, under measurable and unmeasurable...

We estimate local effects of Payment for Environmental Services (PES) programs on poverty in Costa Rica between 2007 and 2009. Using household surveys and spatial geographic data, we are able to control for socioeconomic and geographic characteristics at the individual and census tract level. We...

We investigate the importance of the social context for people’s voluntary contributions to a national park in Costa Rica, using a natural field experiment. Some subjects make actual contributions while others state their hypothetical contribution. Both the degree of anonymity and provided...

We investigate the role of anonymity, reciprocity, and conformity for voluntary contributions, based on a natural field experiment conducted at a national park in Costa Rica. Contributions made in public in front of the solicitor are 25% higher than contributions made in private. Giving subjects...

We find, using survey-experimental methods, that most individuals are concerned with both relative income and relative consumption of particular goods. The degree of concern varies in the expected direction depending on the properties of the good. However, contrary to what has been suggested in...