I analyse a model of incentive contracts where principals who each possesses the same monitoring technology, contract with agents from a pool of individuals differ- ing in their wealth endowments. Principals and agents are matched to form partnerships, and the matches are subject to a...

We consider a monopolistically competitive banking sector in order to analyze the effects of market concentration on the risk-taking behavior of banks. We show that, under full deposit insurance, a higher level of competition induces banks to invest in a risky asset. When the market...

We analyze risk taking behavior of banks in the context of spatial competition. Banks mobilize unsecured deposits by offering deposit rates, which they invest either in a prudent or a gambling asset. Limited liability along with high return of a successful gamble induce moral hazard at the bank...

We propose a model based on competitive markets in order to analyze an economy with several principals and agents. We model the principal-agent economy as a two-sided matching game and characterize the set of stable outcomes of this principal-agent matching market. A simple mechanism to...

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...

This work analyzes the incidence of mathematical abilities in financial literacy for Mexicans between 15 and 18 years old attending school in Mexico City and the State of Mexico. Our results confirm that the levels of financial literacy are low. Considering the “L&M Focus”, only 6.6% of the...

In this paper we estimate the technical efficiency of Mexican states using several stochastic production frontier models. The empirical section uses panel data over the period 1988-2008. A distinctive feature of the paper is to use socioeconomic and location data in order to control for the...

This document describes some of the methodologies used in economics to analyze the relationship between use of natural resources, poverty and inequality. Data from a representative sample of rural households from the South-southeast region of Mexico are used to illustrate the methodologies as...

The study confirms the existence of a bequest motive, or intergenerational value, closely related to the conservation of forests in poor rural communities with communal forests under logging. A survey with contingent valuation type of questions was applied to the households of two populations...