We consider a committee with common interests. Committee members do not know which of two alternatives is the best, but each member may acquire privately a costly signal before casting a vote under either majority or unanimity rule. In the lab, as predicted by Bayesian equilibrium, voters are...

In a social choice model with an infinite number of agents, there may occur "equal size" coalitions that a preference aggregation rule should treat in the same manner. We introduce an axiom of equal treatment with respect to a measure of coalition size and explore its interaction with common...

All sovereign governments face a commitment problem: how can they promise to honor their own agreements? The standard solutions involve reputation or political institutions capable of tying the hands of the government. Mexico's government in the 1880s used neither solution. It compensated its...

This paper is a law and economics analysis about the effects of the recent decision to exempt Mexico's energy regulator from a regulatory impact analysis. This occured in spite of receiving an opinion from the competition authority about competition effects of changing the rules of the game for...

Walmart is one of the most successful companies in the world. With more than $ 524 billion in 2020 revenue and 2.2 million employees, Walmart is the world's largest company by sales volume and is ranked 19th on the Forbes list of the world's largest public companies. Walmart serves nearly 265...

Spanish Abstract: Este reporte realiza un análisis comparado de la estructura del mercado de las Sociedades de Información Crediticia (SIC) en México y un número selecto de países. El objetivo es evaluar con base a elementos de carácter técnico la organización industrial, los incentivos...

Our paper seeks to define the term effective competition as used in Mexico’s telecommunications sector and implemented through two main regulatory tools: the determination of preponderance and the subsequent imposition of asymmetric measures. To lift, modify or deepen these measures, we argue,...

While in the developed world there has been a growing interest in studying, opining, critiquing, and publicly acknowledging their mea culpa in a very lax application of agencies’ competition enforcement in digital markets, agencies in developing countries have been trying to play catch up. We...

Digitization has not only changed the physical means by which we capture commercial information but also its scale, scope and detail. Registering individual’s information now involves capturing preferences while noting their heterogeneity. Now consumers not only consume data but generate or...

The appearance and spread of COVID-19 have accentuated the connectivity and digitization lag in Latin American and Caribbean countries. The lockdowns imposed to reduce the spread of the virus increased the demand for digital tools that would allow economic, educational, and social activities to...