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Estimating the effects of formality on Mexican informal microfirms: a joint multivariate approach
(Centro de Investigación y Docencia Ecónomicas, 2013)
In this article we use a multivariate framework to estimate net profits and levels of capital and labor for informal Mexican microfirms had they been formal. We estimate a Roy model to simultaneously model three different ...
Trust, information acquisition and financial decisions: a field experiment
(Centro de Investigación y Docencia Ecónomicas, 2013)
We study the relationship between information acquisition and trust in financial decision making. A field experiment with a variation of the trust game was conducted with the partners of a financial cooperative located in ...
Compromises and incentives
(Centro de Investigación y Docencia Económicas, División de Economía, 2013)
We analyze a situation where a Principal does not necessarily have all the bargaining power while negotiating a contract with an Agent by studying a dynamic multi-objective moral hazard model with hidden action. We find ...