A newly created dataset including 239 decisions made by the Mexican Federal Competition Commission on horizontal mergers between 1997 and 2001 is used to estimate the different factors affecting the Commission's resolution. The paper approximates the decision making process using two different...

This paper analyzes the current situation of state credit markets. It is shown that, as it now, it exists the possibility of bailing out state in this market by the federal government; this may caused a state overborrowing position. A model which includes asymmetric information is built. This...