Julio Elias
CEMA
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Publication
Featured researches published by Julio Elias.
PLOS ONE | 2015
Julio Elias; Nicola Lacetera; Mario Macis
Most societies prohibit some market transactions based on moral concerns, even when the exchanges would benefit the parties involved and would not create negative externalities. A prominent example is given by payments for human organs for transplantation, banned virtually everywhere despite long waiting lists and many deaths of patients who cannot find a donor. Recent research, however, has shown that individuals significantly increase their stated support for a regulated market for human organs when provided with information about the organ shortage and the potential beneficial effects a price mechanism. In this study we focused on payments for human organs and on another “repugnant” transaction, indoor prostitution, to address two questions: (A) Does providing general information on the welfare properties of prices and markets modify attitudes toward repugnant trades? (B) Does additional knowledge on the benefits of a price mechanism in a specific context affect attitudes toward price-based transactions in another context? By answering these questions, we can assess whether eliciting a market-oriented approach may lead to a relaxation of moral opposition to markets, and whether there is a cross-effect of information, in particular for morally controversial activities that, although different, share a reference to the “commercialization” of the human body. Relying on an online survey experiment with 5,324 U.S. residents, we found no effect of general information about market efficiency, consistent with morally controversial markets being accepted only when they are seen as a solution to a specific problem. We also found some cross-effects of information about a transaction on the acceptance of the other; however, the responses were mediated by the gender and (to a lesser extent) religiosity of the respondent—in particular, women exposed to information about legalizing prostitution reduced their stated support for regulated organ payments. We relate these findings to prior research and discuss implications for public policy.
The International Food and Agribusiness Management Review | 2018
Mauro Alem; Julio Elias
Collateral requirements that lenders place on small cotton producers can lead to risk rationing and to farmers’ dependence on downstream parties. This paper presents a cotton fund that consists of a set of contracts – credit, insurance, warrant and forward – that enables producers to tackle specific agricultural risks and gain access to market finance. These financial contracts proved to be successful at guaranteeing the fund as issuer of state-contingent debt securities in the capital markets. The fund, as an intermediary, lent to cooperatives to help finance small cotton producers in northern Argentina. The paper explains the experimental design of this innovative fund and presents a potential alternative to government intervention by moving away from ex post subsidies for small producers and, instead, facilitating ex ante private credit. The paper contributes to the literature on rural financial intermediation by designing a new mechanism to raise funds coming from relatively uninformed investors and creating collateral substitutes through delegated monitoring to overcome asymmetric information and limited commitment.
Archive | 2013
Víctor Elías; Mauro Alem; Julio Elias; Maria Antonella Mancino
The aim of this chapter is to characterize and explain the evolution of provincial and regional GDP per capita in Argentina in the period 1970–2010 and the difference on its levels across provinces and regions. We draw on several factors related to economic development, on the basis of its initial and current value, including: education, financial sector development, urbanization, exports, inputs, productivity, tax burden, size of firms, among others. We also analyze the role of public policy on regional development.
Journal of Economic Perspectives | 2007
Gary S. Becker; Julio Elias
The American Economic Review | 2015
Julio Elias; Nicola Lacetera; Mario Macis
Archive | 2003
Gary S. Becker; Julio Elias
Archive | 2002
Gary S. Becker; Julio Elias
Archive | 2006
Julio Elias; Lucas Ronconi
Research Department Publications | 2007
Víctor Elías; Lucas Ronconi; Julio Elias
World Medical & Health Policy | 2017
Julio Elias; Nicola Lacetera; Mario Macis