This paper analyzes the human capital training strategies adopted between the 1850s and 1930s by railroad companies in Mexico and Chile. These two countries enable one to contrast the different routes taken by the same type of firm, technology and labor force. A propos of this, we suggest that...

Since the 19th century, the specialization in and export of basic products in Latin America has not been incompatible with the creation of manufacturing industry; moreover, the path towards industrialization depended on the kind of infrastructure demanded by primary goods-exporting activity. In...

Introducción / Alejandro Labrador Sánchez -- La empresa pública y sus definiciones en el largo plazo / Guillermo Guajardo Soto -- La empresa pública multinacional en Latinoamérica 1970-1980 : ¿un tema olvidado en la administración pública? / Omar Guerrero Orozco -- El rol de la empresa...

This note demonstrates how performance measure congruity and noise determine an agency’s total surplus within an linear agency framework with multiple tasks. It provides a decomposition of agency costs, leading back to a congruity index previously proposed in the literature. In addition,...