This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues within and among those countries. Contents include: - Beliefs vs. Actions. The Mystery of Discrimination in Latin America Alberto Chong and Hugo Ñopo (Inter-American Development Bank) - Cost Reductions, Cost Padding and Stock Market Prices: The Chilean Experience with Price-Cap Regulation Rafael Di Tella (Harvard Business School) and Alexander Dyck (University of Toronto) -How Sensitive Are Latin American Exports to Chinese Competition in the U.S. Market? Ernesto López Córdova (Inter-American Development Bank), Alejandro Micco (Chilean Ministry of Finance), and Danielken Molina (University of California-San Diego) - School Choice, Stratification, and Information on School Performance: Lessons from Chile Patrick J. McEwan (Wellesley College), Miguel Urquiola (Columbia University), and Emiliana Vegas (World Bank) - Cash Transfers, Conditions, and School Enrollment in Ecuador Norbert Schady and Maria Caridad Araujo (World Bank)