By engendering horizontal differentiation, non-price advertising increases the incentives to accommodate on the price dimension. However, advertising also increases the size of the market and, consequently, the payoffs to price undercutting, which induces more aggressive price competition. We...

O economia brasileira avançou na década seguinte à chegada ao poder do ex-presidente Lula. Ainda mais importante foi o avanço nos temas sociais. Não obstante, o desempenho brasileiro, quando medidoem relação ao melhor grupo de comparação entre emergentes, foi, em geral, muito aquém do...

We use data on immigrants who live in the United States to study the effects of exposure to hyperinflation on occupational choice. To do so, we calculate the number of years an individual had lived under hyperinflation before arriving to the US. We find that its marginal effect on the...

We report two results. First, we evaluate the impact of a nationwide anti-firearm legislation passedby the Brazilian Congress in December 2003 (Estatuto do Desarmamento, henceforth ED). Our identificationstrategy hinges on the hypothesis that the law had stronger impact in places where gun...

We exploit a discontinuity in Brazilian municipal election rules to investigate whether political competition has a causal impact on policy choices. In municipalities with less than 200,000 voters mayors are elected with a plurality of the vote. In municipalities with more than 200,000 voters a...

This paper investigates the impact of Conditional Cash Transfer (CCT) programs on crime. Making use of a unique dataset combining detailed school characteristics with time and geo-referenced crime information from the city of São Paulo, Brazil, we estimate the contemporaneous effect of the...

Whether campaign advertising influences election outcomes is an open question; a paradox given the amount spent on campaigning in general and TV advertising in particular. We argue that such "absence of documentation" is due to the focus of the empirical literature on the U.S., where the...