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Uncertain penalties and compliance
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2019)
We present the results of a series of laboratory economic experiments designed to study compliance behavior of polluting firms when information on the penalty is uncertain. The experiments consist of a regulatory environment ...
Spatial spillovers in the implicit market price of soil erosion: an estimation using a spatio-temporal hedonic model
(Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2019)
We estimate the implicit market price of soil erosion, fitting a spatio-temporal hedonic price model using quarterly data of 3,563 agricultural farms traded in Uruguay between 2000 and 2014. A unique feature of our estimation ...