Hasta hace tiempo se creía que los contratos de arrendamiento óptimos sujetos a restricción de liquidez ex-post serían sólo de renta fija porque para el terrateniente es óptimo ofrecerle al arrendatario todo el incentivo (la cosecha) para que haga esfuerzo alto y que lo lleve a alta...

En esta tesina analizamos la relación entre los incentivos de una empresa por incrementar su eficiencia interna y el nivel de competencia en el mercado. La eficiencia interna de una empresa se mide por el esfuerzo realizado por su agente para disminuir el costo marginal. El nivel de competencia...

In 1997, the Comisión Reguladora de Energía of Mexico implemented a netback rule for linking the Mexican natural gas price to the Texas price. At the time, the Texas price reflected a reasonably competitive market. Since that time, there have been dramatic increases in the demand for natural...

We study the performance of different regulatory approaches for the expansion of electricity transmission networks in the light of realistic demand patterns and fluctuating wind power. In particular, we are interested in the relative performance of a combined merchant-regulatory mechanism...

In this document we make a first assessment of the impact of the counter cyclical fiscal measures adopted by Mexico had over the economy during the recent crisis. This is a highly controversial subject, both theoretically and empirically, due to the debate about the multipliers’ relevance....

This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the electricity system of the Ontario province. Such a mechanism combines a merchant approach with a regulatory approach. It is based on the rebalancing of a two-part tariff...

This research presents an application of the Hogan, Rosellón and Vogelsang (2010) (HRV) mechanism —that promotes electricity transmission network expansion— in the Peruvian electricity transmission system known as SEIN (Sistema Eléctrico Interconectado Nacional). The HRV mechanism combines...

This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the area of the US electric system known as PJM. The applied mechanism combines the merchant and regulatory approaches to attract investment into transmission grids. It is...

This article shows that cognitive ability determinants include both individual and local indicators of regional macroeconomic wellbeing, publicly provided goods and private goods, through 141 localities in Mexico. The inequity impact of these various goods is quantified using a concentration...