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  • ddc:330  (27)
  • Entwicklungsländer
  • Heidelberg: Springer  (14)
  • Ciudad de México: Banco de México  (13)
  • Göttingen: Ibero-Amerika-Inst. für Wirtschaftsforschung
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  • 1
    Publication Date: 2013-07-18
    Description: A high court has to decide whether a lawis constitutional, unconstitutional, or interpretable. The voting system is runoff. Runoff voting systems can be interpreted both, as social choice functions or as mechanisms. It is known that, for universal domains of preferences, runoff voting systems have several drawbacks as social choice functions. Although in our setting the preferences are restricted to be singlepeaked over three alternatives, these problems persist. Runoff mechanisms are not well-behaved either: they do not implement any Condorcet consistent social choice function in undominated subgame perfect Nash equilibria. We show, however, that some Condorcet consistent social choice functions can be implemented in dominant strategies via other simple and natural mechanisms.
    Keywords: C72 ; D71 ; D78 ; ddc:330 ; runoff voting system ; Condorcet consistency ; strategy-proofness ; implementation theory ; Wahlsystem ; Condorcet-Paradoxon ; Nash-Gleichgewicht ; Nichtkooperatives Spiel ; Neue politische Ökonomie ; Theorie
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:article
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  • 2
    Publication Date: 2013-07-18
    Description: We consider allocation problemswith indivisible goods when preferences are single-peaked. In this paper we identify the family of efficient, non-manipulable, consistent, and balanced solutions. We refer those solutions as Temporary Satisfaction Methods, that can be viewed as extensions to the indivisible case of the so-called uniform rule.
    Keywords: D61 ; D63 ; D74 ; ddc:330 ; allocation problem ; indivisibilities ; single-peaked preferences ; priority standard ; temporary satisfaction methods ; Allokationseffizienz ; Präferenztheorie ; Unteilbarkeit
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 3
    Publication Date: 2018-07-03
    Description: While typically socioeconomically disadvantaged, Mexican migrants in the United States tend to have better health outcomes than non-Hispanic Whites. This phenomenon is known as the Hispanic Health Paradox. Using data from Mexico and the United States, we examine several health outcomes for non-Hispanic Whites and Mexicans in the United States and in Mexico and employ Blinder-Oaxaca decompositions to help explain the paradox. We find evidence that selectivity is playing a significant role in the relatively healthy status of Mexican migrants in the United States. More importantly, there is evidence that health selectivity is a complex process and its effects typically do not work the same way for different health conditions and across genders. We also find evidence that some of migrants' health advantages are lost as they spend more time in the United States.
    Keywords: I10 ; F22 ; O15 ; ddc:330 ; International Migration ; Mexico ; Selectivity ; Health Paradox
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
    Type: doc-type:workingPaper
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  • 4
    Publication Date: 2019-04-10
    Description: The trade deficit of the USA with its NAFTA partners, Mexico and Canada, increased since 1994 from 21,991 to 119,257 million dollars in 2013 (UNCOMTRADE, 2015. http://comtrade.un.org/db), and most of this increase is explained by the growth in the volume of commerce between Mexico and the USA. Nonetheless, since the mid-1990s Mexico has been experiencing its lowest economic growth rates. By using the World Input Output Database and the Input-Output Analysis, this paper presents an estimate of the intra-NAFTA trade flows in terms of value added and its distribution among both labor and capital; labor by skill level; and content of persons engaged. The findings show that trade between the NAFTA members is quite different concerning value added. In 1995 the USA had a trade deficit of 30,351 million dollars with Canada, of which 6384 million dollars was a surplus in favor of Canada in terms of value added. Similarly, the same year the USA had a deficit of 4276 million dollars with Mexico that became a surplus for the latter of 4561 million dollars in terms of value added. For the following years, until 2011, a similar pattern was observed. The distribution of this value added between capital and labor compensations tends to favor USA and Canadian workers, especially middle-skilled labor, and the sector that tends to have the lowest share is the low-skilled Mexican and Canadian workers. Even more, the average labor compensations per hour grew less for the three types of Mexican workers.
    Keywords: ddc:330 ; Value added in trade ; Income distribution ; NAFTA
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 5
    Publication Date: 2019-04-18
    Description: By means of a single-bounded, referendum format contingent valuation, this paper estimates willingness to pay (WTP) for improved air quality among residents of Mexico City Metropolitan Area (MCMA). Findings from this paper illustrate heterogeneity in WTP associated with environmental and social attitudes, and family concerns. For instance, WTP is higher than average if respondents state a very high priority to air pollution but smaller than average if respondent's household contains more adults than the sample median. This contingent valuation exercise provides elements to carry out cost-benefit analysis of environmental policies both recently implemented and currently under discussion in the MCMA context. For instance, a cost-benefit analysis using estimates from this paper suggests benefits from improved air quality surpass the costs of investing in hybrid buses. Usefulness of this study is underscored by pointing out recent evidence suggesting that (1) air pollution in MCMA has larger health impacts than in similar cities located in developed countries, and (2) policies tackling air pollution in MCMA have had no impact on pollution levels.
    Keywords: Q51 ; Q53 ; D61 ; ddc:330 ; Air quality ; Willingness to pay ; Mexico City ; Contingent valuation ; Attitudes
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 6
    Publication Date: 2018-07-03
    Description: In this paper, we develop a new model-based method to inference on totals and averages of nite populations segmented in planned domains or strata. Within each stratum, we decompose the total as the sum of its sampled and unsampled parts, making inference on the unsampled part using Bayesian nonparametric methods. Additionally, we extend this method to make inference on totals of unplanned domains simultaneously modelling, within each stratum, the underlying uncertainty about the composition of the population and the totals across unplanned domains. Making inference on population averages is straightforward in both frameworks. To illustrate these methods, we develop a simulation exercise and evaluate the uncertainty surrounding the gender wage gap in Mexico.
    Keywords: C11 ; C14 ; C42 ; C81 ; C88 ; J31 ; ddc:330 ; survey methods ; robustness ; species-sampling models
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 7
    Publication Date: 2018-07-03
    Description: In this research we develop generalized diffusion indexes for the Mexican state and sectorial economic activity. These indexes summarize the dynamics of the local cycles in a way that they are consistent with the aggregate economic activity. The proposed index includes three dimensions of the local dynamic activity: i) the variation of local cycles (positive or negative), ii) the magnitude of these variations and iii) the weight of local components (states and/or sectors) on the aggregate economic activity. The main contribution of these indexes is that they admit sub-aggregations of regions and/or sectors that are more precise and informative than their counterparts. We show two applications. In the first one, we develop the generalized diffusion index for the Mexican economy using state economic coincident indexes. In the second one, we create a diffusion index of the state and sectorial economic activity using the State Quarterly Indicator of Economic Activity (ITAEE by its Spanish acronym) produced by INEGI.
    Keywords: C1 ; C5 ; E3 ; ddc:330 ; Diffusion index ; Coincident indexes ; Economic cycles ; Monitoring
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: Spanish
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  • 8
    Publication Date: 2013-07-18
    Description: While general equilibrium theories of trade stress the role of third-country effects, little work has been done in the empirical foreign direct investment (FDI) literature to test such spatial linkages. This paper aims to provide further insights into long-run determinants of Spanish FDI by considering not only bilateral but also spatially weighted third-country determinants. The few studies carried out so far have focused on FDI flows in a limited number of countries. However, Spanish FDI outflows have risen dramatically since 1995 and today account for a substantial part of global FDI. Therefore, we estimate recently developed spatial panel data models by maximum likelihood (ML) procedures for Spanish outflows (19932004) to top-50 host countries. After controlling for unobservable effects, we find that spatial interdependence matters and provide evidence consistent with new economic geography theories of agglomeration, mainly due to complex (vertical) FDI motivations. Spatial error models estimations also provide illuminating results regarding the transmission mechanism of shocks.
    Keywords: F21 ; F23 ; C31 ; C33 ; ddc:330 ; foreign direct investment ; spatial econometrics ; panel data ; Direktinvestition ; Allgemeines Gleichgewicht ; Maximum-Likelihood-Methode ; Schätzung ; Spanien
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 9
    Publication Date: 2018-07-03
    Description: With the purpose of measuring and monitoring systemic risk, some topological properties of the interbank exposures and the payments system networks are studied. We propose non-topological measures which are useful to describe the individual behavior of banks in both networks. The evolution of such networks is also studied and some important conclusions from the systemic risks perspective are drawn. A unified measure of interconnectedness is also created. The main findings of this study are: the payments system network is strongly connected in contrast to the interbank exposures network; the type of exposures and payment size reveal different roles played by banks; behavior of banks in the exposures network changed considerably after Lehmans failure; interconnectedness of a bank, estimated by the unified measure, is not necessarily related with its assets size.
    Keywords: C01 ; C02 ; C44 ; C63 ; G21 ; ddc:330 ; systemic risk ; financial networks ; payment systems ; Geldmarkt ; Zahlungsverkehr ; Finanzsektor ; Bank ; Mexiko
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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  • 10
    Publication Date: 2018-07-03
    Description: This paper studies the historical origins of the federalist institutions in Mexico and Brazil. Using a bargaining game model, I argue that the type of commodities each country produced by the end of the nineteenth Century determined the negotiation power of local governments. This led to the buildup of opposite federalist institutions in both countries, which have persisted until nowadays. The model shows that countries with regions with more autonomy to produce and trade their commodities increase the local power to collect more taxes. While in Brazil coffee was the most important commodity, Mexico relied on mining products. Coffee was produced by local landowners who became economically powerful and they were able that export taxes were collected locally with the proclamation of the 1891 Constitution. Empirical estimates show that, after 1891, exporter states increased significantly their own fiscal revenue. On the other hand, mining was capital and technology intensive, inputs that were domestically scarce in Mexico. To finance those activities foreign investment was promoted centrally, weakening the relative power of local elites.
    Keywords: H71 ; H77 ; N46 ; N96 ; ddc:330 ; Institutions ; Fiscal Federalism ; Public Finance and Endowments ; Finanzgeschichte ; Finanzbeziehungen ; Verhandlungstheorie ; Brasilien ; Mexiko
    Repository Name: EconStor: OA server of the German National Library of Economics - Leibniz Information Centre for Economics
    Language: English
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