The so-called first and second gene-ration models focus on fundamentals as the main cause of a crisis. During the 1990s many developing economies underwent structural reforms, which lead to an improvement of those fundamentals. Hence, at that time, the stability of the domestic financial systems...

This paper introduces a fuzzy forestry investment decision-making tool based. It will be applied to choose optimal levels of investment when three possible scenarios are conceived, a base case and two extreme alternatives: optimistic and pessimistic. Decision-makers can be seen as being either...

In some economic games, participants systematically display behavior that departs from the model of payoff maximization, and this is usually attributed to social preferences. In this paper we focus on a new interactive context, a mixed-motive game called “Alternative Traveler’s Dilemma”...

This paper presents a two-agent economy, in which each agent has a consumption-dependent time preference. The optimal dynamic paths of accumulation will tend to one of many possible steady states, depending on the location of the initial capital level. One of the main results of this model...

This paper studies the strategic foundations of the Representative Voter Theorem (Rothstein, 1991), also called the "second version" of the Median Voter Theorem. As a by-product, it also considers the existence of non-trivial strategy-proof social choice functions over the domain of...

Dentro del área de teoría de juegos conductual nos enfocamos en un contexto específico, el del juego que denominamos Dilema del viajero alternativo. En este contexto hemos observado que los participantes tienden a elegir estrategias estrictamente dominadas. Para explicar tendencias similares...