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Racionalidad, uso de información y decisiones financieras
(Centro de Investigación y Docencia Económicas, División de Economía, 2010)
El objetivo de la presente investigación es discutir el supuesto de
racionalidad de los individuos en el uso y la adquisición de información en
su toma de decisiones financieras. La literatura tradicional de mercados
...
On the existence of sharecropping
(Centro de Investigación y Docencia Económicas, División de Economía, 2011)
When tenancy contracts are subject to ex-post limited liability, it is optimal for the landlord to offer the tenant the entire crop share since full incentive leads to higher production even in the bad state of the nature, ...
VAT Collection and social security contributions under tax evasion: is there a link?
(Centro de Investigación y Docencia Económicas, División de Economía, 2010)
In this work we estimate the potential government revenue collection to
finance Levy (2008)’s proposal of financing social security with Value Added
Taxes, taking into account general equilibrium effects in a context ...
Innovación y competitividad en una selección de los estados de México
(Centro de Investigación y Docencia Económicas, División de Economía, 2014)
En este trabajo se plantea la hipótesis de que las acciones de innovación son un ingrediente indispensable para desarrollar y mantener una competitividad económica sustentable. La premisa de sustentabilidad económica es ...
Anticipating future expected utility and coordination motives for information decisions in networks
(Centro de Investigación y Docencia Económicas, División de Economía, 2012)
This paper develops a model of costly information acquisition by agents who are connected through a network. For an exogenously given network, each agent decides first on information acquisition about an underlying state ...
Impact of U.S. biofuel policy in the presence of drastic climate conditions
(Centro de Investigación y Docencia Económicas, División de Economía, 2014)
We analyze the impact of total and partial waivers of the U.S. Renewable Fuel Standard (RFS) under uncertain changes in climate conditions that affects crop yields distributions. The main model results show that reducing ...
Consensus in communication networks under Bayesian updating
(Centro de Investigación y Docencia Económicas, División de Economía, 2012)
This paper studies the evolution of beliefs of a group of Bayesian updaters
who are connected through a social network that enables them to listen to
the opinions of others. Each agent observes a sequence of private ...
Environmental justice and toxic releases in urban Mexico
(Centro de Investigación y Docencia Económicas, División de Economía, 2018)
In this paper we present empirical evidence that major toxic releasing facilities in Mexico pollute more in poorer or marginalized neighborhoods. We are the first to investigate “environmental (in)justice” behavior utilizing ...
Risk aversion and the Pareto frontier of a dynamic principal-agent model: an evolutionary approximation
(Centro de Investigación y Docencia Económicas, División de Economía, 2011)
In this paper we formulate an infinitely repeated Principal-Agent relationship as a Multi-Objective Optimization problem. We numerically approximate the solution of this model using a Multi-Objective Optimization Evolutionary ...
The challenge of market power under globalization
(Centro de Investigación y Docencia Económicas, División de Economía, 2014)
The legacy of Adam Smith leads to a false confidence on the optimality of laissez faire policies for the global market economy. Instead, the polarized character of current globalization deeply affects both developed and ...