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El presente trabajo busca cuantificar el impacto de los diferentes determinantes de la evolución del precio de la electricidad en el Mercado Eléctrico Mayorista de la República Argentina en el período comprendido entre Agosto de 1992, momento en el que se crea el Mercado Eléctrico Mayorista...

The main contributions of this paper are the development of a new test of the stock market hypothesis and a new application of the tests for return predictability to the Buenos Aires Stock Market. In the first part, a survey of these tests is made, including, among others, the variance bound...

We report that on any given day the number of inmates released from incarceration significantly affects the number of offenses committed this day, and we name this as first-day recidivism. Our estimates of this novel approach to study early recidivism are robust to a variety of alternative model...

We study a recent recruitment drive for public sector positions in Mexico. Different salaries were announced randomly across recruitment sites, and job offers were subsequently randomized. Screening relied on exams designed to measure applicants' intellectual ability, personality, and...

I exploit a unique historical event to explore the causal relationship between individual wealth and posterior political power. Shortly after the founding of Buenos Aires, plots of land in the outskirts of the city were randomly assigned to all heads of household that participated in the...

We exploit a series of natural experiments that use real crime data to investigate the effect of a violation of expectancies on violent crime. We study two types of violation of expectancies that generate the emotions of frustration and euphoria. Our empirical designs exploit differential...

We design a field experiment to study if people with less attractive faces are less likely to be contacted after submitting a resume. We find that attractive people receive 36% more responses (callbacks) than unattractive people.

We evaluate the effects of a fundamental lever of constitutional design: the duration of public office terms. We present a simple model grounded in interviews with legislators and highlight three forces shaping incentives to exert legislative effort. We exploit two natural experiments in the...

This paper evaluates the impact of subsidies on the academic performance of researchers in Argentina. Academic performance is measured in terms of number of publications and in terms of impact factors in peer-reviewed journals. The performance of researchers with financially supported projects...