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Mechanism design when players’ preferences and information coincide
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2016)
It is well known that when players have private information, vis a vis the designer, and their preferences coincide it is hard to implement the socially desirable outcome. We show that with arbitrarily small fines and ...
When do populations polarize? An explanation
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2018)
Numerous experiments demonstrate attitude polarization. For instance, Lord, Ross & Lepper presented subjects with the same mixed evidence on the deterrent effect of the death penalty. Both believers and skeptics of its ...
Meet the oligarchs: business legitimacy, state capacity and taxation
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2016)
We study the impact of two dimensions of trust, namely trust in business elites and trust in government, on policy preferences. Using a randomized online survey, we find that our two treatments ...
Getting polluters to yell the truth
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2006)
We study the problem of a regulator who must control the emissions of a given pollutant from a series of industries when the firms’ abatement costs are unknown. We develop a mechanism in which the regulator asks firms to ...
Attitude polarization: theory and evidence
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2014)
Numerous experiments have demonstrated the possibility of attitude polarization.For instance, Lord, Ross & Leper (1979) found that death penalty advocates becamemore convinced of the deterrent e§ect of the death penalty ...
Supermarket entry and the survival of small stores
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2013)
We analyze the effect of supermarket entry on the exit of small stores in the food retailing sector in Montevideo between 1998 and 2007. We use detailed geographical information to identify the ...
Fairness and redistribution, a comment
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2013)
We provide an example that shows that in the Alesina and Angeletos (2005) model one can obtain multiplicity even if luck plays no role inthe economy. Thus, it is not critical that the noise to signal ratio beincreasing in ...
Does the better -than- average effect show that people are overconfident?: two experiments
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2013)
We conduct two experiments of the claim that people are overconfident, using newtests of overplacement that are based on a formal Bayesian model. Our two experi-ments, on easy quizzes, find overplacement. More precisely, ...
Anger and regulation
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2012)
We study a model where agents experience anger when they see a firm that hasdisplayed insufficient concern for their clients' welfare (altruism) makes high profits.Regulation can increase welfare, for example, through fines ...
The problem of prevention
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2011)
Many disasters are foreshadowed by insu¢ cient preventive care. In this paper, we argue that there is a true problem of prevention , in that insu¢ cient care is often the result of rational calculations on the part of ...