This paper analyses the selection of teachers in basic and media education in Colombia under an adverse selection model. We monitor the teacher´s wages and the institutional change, and the results of one of the contests for Medellin. The relative wages of attachment to the teaching profession...

Determining the degree of informational asymmetry is a major topic in the literature of modern microstructure. In this paper, we review and analyze the suitability of the models for estimating the probability of informed trading [Easley et al., 1996; Nyholm, 2002, 2003]. The empirical analysis is...

This paper is about the Spanish Electricity Market after liberalisation. The analysis focuses on finding if the market has become as a Perfect Competition regimen or on the other side, he still continues as a regimen in wich a high output supply concentration and high power market appears, not...

Electricity prices have seen a consistent upward trend since the implementation of Mexico's electricity market reform (RME). This has been interpreted by some as a failure of the RME. In this paper we study the determinants of such price increases. We calculate the generation cost curve of the...

El análisis de las industrias en red ha tomado una fuerza inusitada durante la última década. La línea de investigación emprende su consolidación y muchos resultados empiezan a tomar ya, el apelativo de “clásicos”. En este documento se presenta una somera descripción acerca de las...

The article aims at providing an overview regarding the diffusion of ICT in Latin American firms, and the main policies to promote it. It shows how the use of these technologies is characterized by substantial differences in the case of relatively smaller firms, as well as in economic sectors...

Electricity prices have seen a consistent upward trend since the implementation of Mexico's electricity market reform (EMR). This has been interpreted by some as a failure of the EMR. In this paper we study the determinants of such price increases. We calculate the generation cost curve of the...

This article describes the integration process of the Nord Pool's electrical market, in addition to establishing some reflections on this experience, which could be important for regions that are undergoing the same process, as is the case of the Andean Community Nations -CAN-. Initially, this...

As with the developments that have been taking place now that business organisations are taking on Corporative Social Responsibility activities, the marketing of financial products included in what has recently become known as socially responsible investment (SRI) has now become the order of the...