The main objective of this study is the application of an adverse selection model to verify the existence of discrimination in a competitive labor market caused by asymmetric information. The most important result obtained is when a group of workers with different productivities earn the same...

As regards to the abrupt growth of crime, it has been analyzed that, only with Becker's (1968) original findings, is not sufficient to prove this phenomena. Thus, many researches have incorporated new paradigms with the intention to explain the mechanisms which react to crime. New research lines...

This paper analyzes a model of crime that emphasizes the relation between criminal practices and money laundering activities in a framework which leads to an optimal rule to repress and avoid criminality. This optimal rule shows that repressive and preventive actions against criminal practices...

In this paper we develop a model that incorporates the managers' ability and the observed productivity of a worker in a firm's profit function. In that way, the loss of efficiency yielded by the presence of discrimination is compensated for. The model demonstrates that a number of workers with...