This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash...

This paper investigates the relationship between credit market competition and the availability of bank credit for firms of unobserved credit quality when firms pledge collateral to secure the loans. Loan data from the Spanish Credit Register shows that the average credit quality of borrowers...

Poco se sabe todavía sobre los factores que determinan el uso de garantías personales en comparación con las garantías reales en el marco de los préstamos bancarios a empresas, así como sobre su posterior impacto en la toma de decisiones de las empresas. Este trabajo analiza 477.209...

En este trabajo se desarrolla un modelo del impacto del riesgo climático en la oferta crediticia y se evalúan sus predicciones según datos granulares sobre incendios forestales y préstamos corporativos en España. Los hallazgos revelan una disminución significativa del crédito de las...

This dissertation includes three essays that consider the role of quality variation within agricultural production when consumers are heterogeneous in their preferences for quality. The first essay, 'The Welfare Benefits of USDA Beef Quality Certification Programs,' estimates the consumer...

As networks improve and new services emerge, questions arise that affect service deployments and network choices. The Internet is arguably a successful example of a network shared by many services. However, combining heterogeneous services on the same network need not always be the right answer,...

This dissertation contains three essays that can be read independently. The first chapter examines how a debt crisis can occur and persist as a result of unanticipated, transitory, real interest rate and commodity price shocks. Using an optimal stopping framework, the debtor country's optimal...

This study is an empirical analysis of household expenditure behavior using the Linear and Quadratic Expenditure Systems. The expenditure systems are estimated using data collected in 1972 by the Departmento Administrativo Nacional de Estadisticas (DANE) of Bogota, Colombia. The Linear...

My dissertation research is composed of two parts: a theoretical part on semiparametric efficient estimation and an applied part in energy economics under different dynamic settings. The essays are related in terms of their applications as well as the way in which models are constructed and...