In this paper we use a Moore Automata with Binary Stochastic Output Function for exploring the extensive decision on tax evasion made by subjects in experiments run in Chile and Italy. We show first how an hypothesis about subject behavior is converted into an automaton and how do we compute the...

By employing a dynamic model with two limit order books, we show that fragmentation is associated with reduced competition among liquidity suppliers and lower picking-off risk of limit orders. Due to these countervailing channels, the impact of fragmentation on liquidity and welfare differs with...

En este trabajo se estudia el desempeño económico de las provincias argentinas durante el período 1961-2000. El desempeño económico se define a partir de los diferentes regímenes que determinan el crecimiento y el producto per cápita anual que tuvo cada provincia durante el período....

The aim of this note is to analyze some characteristics about the income mobility problem present in Argentina during the last decade of the last century. In order to reach this goal we propose the concept of archetypes to identify an average economic agent in pseudo-data panel. This...

The aim of this paper is to describe the sources of growth for the regions of Chile during the period 1987-2009. Using the primal method proposed by Solow, the Total Factor Productivity (PTF) is computed with different capital and labor measures. When the information of a factor is not available...

In this work the economic performance of the Argentinean provinces during the period 1961-2000 is studied. The economic performance is defined from regimes defined by the growth rate and the production per capita of each province during the period. Clusters of performance and their evolution is...

Aunque en los últimos años han proliferado los estudios sobre las nuevas tecnologías y la sociedad de la información, la gran mayoría de ellos se centran en el estudio de su penetración en el tejido productivo y en su impacto sobre el crecimiento económico, la productividad y la...

Little is known about the factors that affect banks' relative preferences for collateralized and uncollateralized funding. We examine the determinants of the collateralized-uncollateralized funding decision using a unique dataset. We decompose the relative collateralized-uncollateralized funding...

Spanish Abstract: En este trabajo se estudia el desempeño económico de las provincias argentinas durante el período 1961-2000. El desempeño económico se define a partir de los diferentes regímenes que determinan el crecimiento y el producto per cápita anual que tuvo cada provincia durante...