The present exercise is oriented to analyze the interaction and equilibrium in the higher education market and firms behavior under non-profit constraint for public and private institutions. The model suggest three different equilibrium in which differences in size and quality are explained...

In this teaching note, we discuss the basic principles for tariff setting. Tariff setting is very important for regulated industries, such as water and power. The tariff should provide an appropriate risk-adjusted return to the investor. If the tariff were too low, then the investors would not...

The public managers worries to increase the local government revenues are almost always related with changes in the tax rates, affecting all the agents in the economy. However, at the same time tax exemptions are used like policy instrument in order to achieve economic growth in some sectors,...

This document analizes the preferences of public transportation system users in Cartagena de Indias - Colombia. The research uses related variables on transportation modes chosen by people and some other characteristics of the people who make such decisions. The analysis allows us to understand...

This article analyzes factors which, in light of the classical industrial location theory, account for the location of manufacturing industries in Colombia. The document shows how it is that agglomeration economies represent the paramount determiner which explains the location choices of firms....

This textbook presents worked-out exercises on game theory with detailed step-by-step explanations. While most textbooks on game theory focus on theoretical results, this book focuses on providing practical examples in which students can learn to systematically apply theoretical solution...

Chapter 1: Dominance Solvable Games -- Chapter 2: Pure Strategy Nash equilibrium and Simultaneous-move games with complete information -- Chapter 3: Mixed Strategies, Strictly competitive games, and Correlated Equilibria -- Chapter 4: Sequential-move games with complete information -- Chapter 5:...