Showing 1 - 10 of 562
Does finance follow the real economy, or the other way around? This paper unites the two competing schools of thought in a general equilibrium framework. Our key result is that there are threshold effects defined by a set of deep institutional parameters (cost of financial intermediation,...
Persistent link: https://www.econbiz.de/10012464662
Mexican manufacturing industry we find that indicators for local competition are positively related to the technology imports …
Persistent link: https://www.econbiz.de/10012474839
This paper examines the effect of Wal-Mart's entry into Mexico on Mexican manufacturers of consumer goods. Guided by … Mexico), or use traditional retailers. Walmex provides access to a larger market, but it puts continuous pressure on its …
Persistent link: https://www.econbiz.de/10012461453
Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment … been lackluster, trailing that of many other developing nations. In this paper, I review arguments for why Mexico hasn …. These are factors internal to Mexico. One possible external factor is that the country has the bad luck of exporting goods …
Persistent link: https://www.econbiz.de/10012462187
This paper examines how sales force impact competition and equilibrium prices in the context of a privatized pension … market. We use detailed administrative data on fund manager choices and worker characteristics at the inception of Mexico … foster competition in social safety net markets with large segments of inelastic consumers …
Persistent link: https://www.econbiz.de/10012459780
empirical literature on franchising, mostly due to data limitations. We exploit a newly assembled data set that allows us not … only to describe the contracting practices of US and Canadian franchisors in Mexico but, most importantly, to compare them … agreements in Mexico compared to their home market. Our empirical results confirm hypotheses derived from the theories …
Persistent link: https://www.econbiz.de/10012470547
"How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? We investigate the demand for the rule of law in post-Communist economies after privatization under the assumption that theft is possible, that those who have "stolen" assets cannot be...
Persistent link: https://www.econbiz.de/10010522421
A central requirement in the design of a legal system is the protection of law enforcers from coercion by litigants through either violence or bribes. The higher the risk of coercion, the greater the need for protection and control of law enforcers by the state. This perspective explains why, in...
Persistent link: https://www.econbiz.de/10012470452
Traditionally, general-equilibrium models have taken effective property rights to be given and have been concerned only with analysing the allocation of resources among productive uses and the distribution of the resulting product. But, this formulation of the economic problem is incomplete...
Persistent link: https://www.econbiz.de/10012470840
This paper explores a series of general-equilibrium models in which people can choose to be either producers or predators, and in which producers can allocate their resources either to production or to guarding their production against predators. The analysis shows how the ratio of predators to...
Persistent link: https://www.econbiz.de/10012471640