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institutions devised to discourage it. The analytical framework used to explore the symmetric tragedies of the commons and the … and it can be discouraged by the introduction of competition among corrupt agents to turn it into a tragedy of the commons …
Persistent link: https://www.econbiz.de/10005412527
We explore commons problems when agents have access to capital markets. The commons has a high intrinsic rate of return … are secure. In a two period model, we assess the consequences of market access for the commons' survival and welfare; we … strategic, extinction dates are unique. Strategic agents generally earn their surplus by delaying the commons' extinction; in …
Persistent link: https://www.econbiz.de/10005556702
We study extinction in a commons problem in which agents have access to capital markets. When the commons grows more … quickly than the interest rate, multiple equilibria are found for intermediate commons endowments. In one of these, extinction …' equilibrium, increases it in the other equilibrium in which the commons is eventually depleted, and expands the set of commons …
Persistent link: https://www.econbiz.de/10005556729
„h States and Territories have agreed to apply competitive neutrality (CN) requirements to their commercial forestry …
Persistent link: https://www.econbiz.de/10005407758
This paper addresses the recent Mexico experience in the opening to competition in networks infrastructure mainly in …
Persistent link: https://www.econbiz.de/10005076639
Resumen El presente estudio se centra en analizar los factores que provocan el éxodo de capital en México, entre los … interés entre México y Estados Unidos y el diferencial en las tasas de inflación México-Estados Unidos. De igual forma, se … México. Asimismo, se plantean los modelos más comunes para la estimación de la fuga de capital aplicados a México. Abstract …
Persistent link: https://www.econbiz.de/10005125516
Mexican peso. Sample data are from El Paso, Texas and Ciudad Juarez, Mexico. A battery of statistical tests indicate that the …
Persistent link: https://www.econbiz.de/10005125523
A theoretical model of inflationary dynamics is developed for Mexico. Estimation is carried out using ARIMA transfer … model satisfy standard statistical criteria. Results indicate that prices in Mexico respond relatively quickly to money …
Persistent link: https://www.econbiz.de/10005126161
A monetary inflation model is augmented to include import prices and wages in a theoretically plausible manner. Empirical analysis is carried out using annual data for the 1970-1997 period. Parameter estimation is completed using a nonlinear ARMAX procedure. In addition to estimating different...
Persistent link: https://www.econbiz.de/10005126245
In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...
Persistent link: https://www.econbiz.de/10005126447