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Do consumers really prefer formal credit to informal credit?: evidence from a pseudo-experimental design in Mexico
(Centro de Investigación y Docencia Económicas, División de Economía, 2012)
The development of economic institutions characterizes economic growth and promotes efficiency. For example, formal credit institutions operate in the credit market in a more efficient way than informal money lenders because ...
Economic analysis of theft reporting: the case of Mexico City
(Centro de Investigación y Docencia Económicas, División de Economía, 2013)
Theft is the major component of crime rates in Mexico City and its reporting remains low and stable even when the budget assigned to federal public security reached an increase of 202.23% in 2006-2010. We develop a utility ...
Trivariate probit with double sample selection: theory and application
(Centro de Investigación y Docencia Económicas, División de Economía, 2011)
We develop the trivariate probit model in which the sample incidentally truncates twice —i.e. in the first and in the second equations—, which is not solved in the literature. The model is analogue to the so called Bivariate ...