In the Debate Concerning Income Policies, the Relative Importance of Wage Rigidities Plays a Crucial Role. Implicitely Or Explicitely, Those Against Controls Emphasize the Cost of Their Implementation and Presuppose That There Will Be a Quick Reaction of Wages to Modifications in Labor Market...

A theoretical model of sequential first-price auctions where bidders are risk-averse and values are affiliated is developed. For constant risk-aversion utility functions and a particular specification of affiliation, closed-form solutions for the symmetric equilibrium of a sequence of k...

During the last decade, Latin American countries have brought about important reforms in infrastructure services based both on private sector participation for enhancing internal efficiency and competition for increasing consumer welfare. Infrastructure services have evolved from monopoly and...