The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...

El punto de partida de cualquier análisis de competencia, consiste en la definición adecuada del mercado tanto en términos de producto como en términos geográficos. Sin embargo, la definición de los límites no siempre resulta sencilla, en particular cuando se refiere a términos...

El objetivo del presente trabajo es validar la existencia de poder de mercado ejercido por una firma integrada verticalmente en el mercado de procesamiento de operaciones realizadas mediante tarjetas de pago. La metodología usada se basa en el análisis de la variación de ese indicador como...

In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...

We analyze the behavior of electricity generation groups that make investment and production decisions in a liberalized market scenario by introducing long-term contracts, in a context where there is a high level of market concentration. In this way, a dynamic deterministic model of imperfect...

The objective of this contribution is to evaluate the weekly price dynamics of the biscuit sector in the framework of an economy with moderate inflation, such as Argentina. Using weekly frequency data, five versions of the function that relate cookie price weekly variations with their possible...

This study presents the competition beyond a single product market where a multi-product firm competes with monoproduct rivals through the use of different bundling strategies that impact the firms' incentives to make quality improvements in different ways. The pure bundling strategy can make...

Hace 25 años, el CEDEP publicó mi libro, Los Grupos Financieros en el Ecuador. El libro, con 665 paginas, era una versión resumida y editada de mi Tesis de Grado como Economista de la Pontificia Universidad Católica del Ecuador (PUCE), presentada en agosto de 1989. El estudio construía...

The aim of this article is to theoretically build a demand curve characterized by network externalities and study whether empirical evidence supports the theoretical form of it. Secondly, several possible equilibriums are analyzed assuming different behaviors of companies in the presence of...

This paper presents a theoretical model for the optimization of the decision-making process of power purchase of the electric utility companies of the Dominican Republic, taking into account the demand of end-users of the service, the short-term marginal cost of energy in the wholesale power...