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...

This paper tests Bester's (1985, 1987) prediction about the separating role ofcontracts that involve both interest rates and collateral in credit markets. To test thisprediction we use data from natural credit markets and controlled experiments. Using asample of credits to small and medium size...

The present work establishes the main structural characteristics of Cooperatives first grade under the postulates of The Agency Theory. Based in our analysis we conclude a series of structural shortcomings related with agency problems. Moreover, possible solutions to these are proposed.

Illegal armed agents try to replace the state both in the monopoly of violence and in the protection of civilian population. We pretend to show that this objective is achieved if armed agents build alliances with groups from the civilian population. How to build this type of alliances? We...