The purpose of this paper is to analyze the existence of efficient and envyfree allocations of a single good i,n the presence of consumption externalities. A theoretical model is first developed and an application to the problem of financing Regional Governments in Spain, is then provided. Este...

This paper is a methodological proposal for the distribution of the Regional Equalization Fund, based on the following principles: (i) To measure the degree of regional development by means of an indicator with an appropiate theoretical basis (an indicator combining both the average income and...

This paper analyzes what can be learned about the value of a statistical life (VSL) using the hedonic wage model. The time series variation of cross sectional estimates, along with the endogeneity of risk choices and the absence of adequate instruments recommends moving to panel data analysis....