The preservation of biodiversity is one of the most important matters in environmental economics. But, in general, the relevant trade-offs associated with the preservation option are not well known. The absence of a framework capable of relating theoretical and operational aspects is a...

Switching model, we estimate the demand for mortgage using aggregate monthly data from January 2003 to September 2012. The results show that this variable has been subject to cycles of contraction and expansion since 2003. The boom starts at the end of 2005 is marked by the alternation of two...