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Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In this paper, we analyze the determinants of attendance and the frequency of attendance of performing arts events in Medellin, specifically theater, dance, and music. Using data from the Quality of Life Survey of Medellin 2014, we estimate regularized discrete choice models that allow us to efficiently select the relevant variables that explain the cultural consumption decisions, while at the same time, solving the statistical problems that appear when the number of explanatory variables is high. Results show that the level of education and time restrictions are the principal determinants of performing arts attendance in the city. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Economía Institucional is the property of Universidad Externado de Colombia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Thorstein Veblen (1857-1929) is one of the founders of American institutional economics. This paper aims to make a presentation of his theory of consumption and his theory of business cycles and crises, through an analytical reading of his works: The Theory of the Leisure Class and The Theory of Business Enterprise. In order to complete this analysis, we also make a general presentation of the author's thought and a brief systematization of his critique of orthodox economic thought. [ABSTRACT FROM AUTHOR]

El artículo discurre sobre la estimación de equivalencias de escala en los estudios económicos modernos. El autor comenta sobre el análisis del consumo económico y describe el concepto de los precios de Lewbel, los cuales determinan el precio de un producto según su demanda. También se analizan los modelos matemáticos relacionados con este tema económico.

El artículo discurre sobre la relación entre la política fiscal, el consumo y la inversión en Argentina. El autor comenta sobre los aspectos macroeconómicos de estos variables y describe el crecimiento económico en el país a consecuencia de la demanda. También se consideran varias análisis econométricas.

El artículo discurre sobre la industria aeronáutica de México. El autor comenta sobre la relación entre el gobierno mexicano y el sector aeronáutico, y examina las instancias de las fallas del mercado mexicano. También se considera el desarrollo de esta industria y analiza el consumo de bienes públicos en el país.

Se presenta un resumen en inglés y en español acerca del artículo "La teoría del consumo y de los ciclos en Thorstein Veblen," el cual enfoca en el concepto del consumo económico y los ciclos económicos del economista Thorstein Veblen.