The purpose of this research is to study the presence of illegal economy and money laundering processes from a macroeconomic perspective to analyze their economic effects and propose a conceptual framework that identifies its impact in terms of the mechanisms identified. Thus, considering the...

The purpose of this article is to construct a Keynesian model which integrates the informal economy, based on a short-term analysis. From a structural system of 23 equations, we propose a simple modeling that allows for an assessment of the impact of illegal activities on the major macroeconomic...

This paper aims at explaining observed distinct prices announced by a single supplier for an identical product, in an illegal framework. The modeling proposed here examines an augmented mark-up pricing equation for oligopolistic markets that includes a function of social discrimination. The...

This paper aims to outline evidence on how regional integration can be beneficial for income convergence of Mexican regions over the period 1994 to 2004. Thus, two main concepts of convergence are studying: the sigma and beta-convergence. More precisely, we are estimating an augmented model of...

This paper aims at explaining observed distinct prices, announced by a single supplier for an identical product, in an illegal framework. The modeling proposed here examines an augmented mark-up pricing equation, for oligopolistic markets, that includes a function of social discrimination. The...

This note demonstrates how performance measure congruity and noise determine an agency’s total surplus within an linear agency framework with multiple tasks. It provides a decomposition of agency costs, leading back to a congruity index previously proposed in the literature. In addition,...