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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 ...
Productivity shocks: discount rate and incentives
(Centro de Investigación y Docencia Económicas, División de Economía, 2012)
In this paper we analyze a repeated Principal Agent model, formulated as a Multi-Objective Optimization problem. We approximate its Pareto Frontier by using a recently proposed Multi-Objective Optimization Evolutionary ...