Pub Date : 2023-08-23DOI: 10.18800/economia.202301.003
Constantino Hevia, Norman Loayza, Claudia Maria Meza Cuadra
This paper presents an analytical framework that captures the informational problems and tradeoffs that policy makers face when choosing between public goods (e.g., infrastructure) and industrial policies (e.g., firm or sector-specific subsidies). The paper first provides a discussion of the literature on industrial policies. It then presents an illustrative model, where the economy consists of a set of firms that vary by productivity and a government that can support firms through general or targeted expenditures. The paper examines the cases of full and asymmetric information on firm productivity. Working under full information, it describes the first-best allocation of government resources among firms according to their productivity. It then introduces uncertainty by restricting information regarding firm productivity to be private to the firm. The paper develops an optimal contract (which replicates the first-best) consisting of a tax-based mechanism that induces firms to reveal their true productivity. As this requires high government capacity, the paper considers other simpler policies, one of which is the provision of public goods to all firms. The paper concludes that providing public goods is likely to dominate industrial policies under most scenarios, especially when government capacity is low.
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"This paper presents an analysis of the determinants of the age of marriage and the probability of divorce among women in the United States." The author hypothesizes that the possibility of divorce enters into women's decision to marry. "As expected, empirical results indicate that in the United States, where it is easier to obtain divorce, women tend to marry earlier. Furthermore, Catholic women tend to marry later....Results seem to indicate the age at marriage and education should not be considered to be exogenous in the study of the probability of divorce. Another important result is that women who marry earlier...show a lower probability of divorce...."
{"title":"Age at first marriage, education and divorce: the case of the U.S.A..","authors":"P T Perreira","doi":"","DOIUrl":"","url":null,"abstract":"<p><p>\"This paper presents an analysis of the determinants of the age of marriage and the probability of divorce among women in the United States.\" The author hypothesizes that the possibility of divorce enters into women's decision to marry. \"As expected, empirical results indicate that in the United States, where it is easier to obtain divorce, women tend to marry earlier. Furthermore, Catholic women tend to marry later....Results seem to indicate the age at marriage and education should not be considered to be exogenous in the study of the probability of divorce. Another important result is that women who marry earlier...show a lower probability of divorce....\"</p>","PeriodicalId":43130,"journal":{"name":"Revista Economia","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"1991-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"22027618","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"[Urban employment and internal migration in Peru].","authors":"D Cotlear","doi":"","DOIUrl":"","url":null,"abstract":"","PeriodicalId":43130,"journal":{"name":"Revista Economia","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"1984-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"22025582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"[Some insights on the influence of socioeconomic factors on migratory movements].","authors":"J Gordillo","doi":"","DOIUrl":"","url":null,"abstract":"","PeriodicalId":43130,"journal":{"name":"Revista Economia","volume":null,"pages":null},"PeriodicalIF":0.3,"publicationDate":"1981-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"22035177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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