In the context of the team's theory, this article shows that employees will be communicated, independent of their skill endowment, have a high skill endowment. In this way, the formation teams can lead to groups whose productivity is lower than that exhibited in terms of the skills they...

In the context of the team´s theory, this article shows that employees will be communicated, independent of their skill endowment, have a high skill endowment. In this way, the formation teams can lead to groups whose productivity is lower than that exhibited in terms of the skills they...

Spanish Abstract: Se presenta un análisis económico de la Ley de energía para el campo, (LEC) que examina cómo su diseño afecta los mercados y crea una estructura de información que favorece la extracción de rentas. Mediante modelos sencillos de equilibrio parcial y de agente-principal se...

Determining the degree of informational asymmetry is a major topic in the literature of modern microstructure. In this paper, we review and analyze the suitability of the models for estimating the probability of informed trading [Easley et al., 1996; Nyholm, 2002, 2003]. The empirical analysis is...

This paper analyses the selection of teachers in basic and media education in Colombia under an adverse selection model. We monitor the teacher´s wages and the institutional change, and the results of one of the contests for Medellin. The relative wages of attachment to the teaching profession...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

Spanish Abstract:A partir de una encuesta realizada entre marzo y julio de 2015 a más de cien compañías españolas partícipes en las operaciones de compraventa de empresas este trabajo examina la realidad de diversas cláusulas utilizadas por los operadores en esos contratos en cuestiones...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...

This article characterizes the properties of the compensation scheme of delegated portfolio management that would lead to the selection of high risk-high return portfolios. In particular, it provides conditions under which a non-monotone payment structure emerges as an optimal contract, which...