This paper evaluates to what extent the end-of-sample problem inherent to the Hodrick-Prescott (HP) filter may be ameliorated when estimating the trend component of GDP. For that purpose, the filter of St-Amant and van Norden (1997) is proposed using Mexican data and both univariate and...

We analyze the consequences of a teenage pregnancy event in the short- and long-run in Mexico. Using longitudinal and cross-section data, we match females who got pregnant and those that did not based on a propensity score. Several balancing tests and specifications indicate that the main...

There exists an ongoing debate about the economic impact induced by credit programs, mainly in developing countries. However, it has been less discussed the impact on welfare derived from the ownership of informal or formal credit. In this paper it is studied the impact of credit on the...

Does the rotten apple spoils his companions? This is the question we analyze in the context of a repeated population game with behavioral types. Our experimental results show that the inclusion of a non-cooperative player in an anonymous community makes cooperation much more difficult to sustain...

This paper reports an experiment conducted to compare two mechanisms that provide solutions to the King Solomon’s Dilemma. One of them is proposed by Moore (1992) and the other by Perry and Reny (1999). The objective of each mechanism is to allocate a single unit of an indivisible private good...

When tenancy contracts are subject to ex-post limited liability, it is optimal for the landlord to offer the tenant the entire crop share since full incentive leads to higher production even in the bad state of the nature, which can be appropriated in the form of fixed rental payments. We show,...

This paper describes a long term risk index for agricultural disasters. The index is built upon the principle that agricultural disasters follow a self organized critical behavior, which implies that under a wide variety of circumstances, agricultural disasters exhibit a power-law dependence of...

In this article we analyze how different characteristics of a social network are associated to different types of resources required by the individuals that constitute the network and their objectives. To attain this goal, we develop and conduct a survey, using random sampling, in a...

This exercise estimates the level of competitiveness for the 32 federal states of Mexico taking into account production, productivity, employment and wages in 82 activities representing 95% of total GNP. There are two types of Mexican states in respect of economic performance. The competitive...

Based on growing theoretical literature, we present evidence from Mexico regarding the weak effectiveness of federal transfers and low absorption capacity of states and municipalities in poor countries in the presence of corruption and opportunistic behavior. We show that the distribution of...