In this article we analyze the remuneration mechanism for the reduction of energy losses, through a dynamic principal-agent model in continuous time. The agent represents the power distribution company, which makes investments, or in other words, makes an effort to reduce energy losses. The...

In this article we analyze the remuneration mechanism for the reduction of energy losses, through a dynamic principal-agent model in continuous time. The agent represents the power distribution company, which makes investments, or in other words, makes an effort to reduce energy losses. The...

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...

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...

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...

Se propone que el Banco Central de la República Argentina (BCRA), usando al Banco Nación como agente, provea una herramienta financiera a los productores agrícolas en la cual les ofrezca una tasa de interés comprensibles en términos físicos y relativos al valor de la producción...

Se propone que el Banco Central de la República Argentina (BCRA), usando al Banco Nación como agente, provea una herramienta financiera a los productores agrícolas en la cual les ofrezca una tasa de interés comprensibles en términos físicos y relativos al valor de la producción...

The aim of this paper is to provide comprehensive insights into the architecture and impact of a recent financial innovation known as commodity index. The motivation of this study is based on the impact that these instruments may have in the functioning of commodity markets, leading to what the...

Spanish Abstract: La predicción de los precios de las materias primas es importante por su impacto a nivel macroeconómico en las naciones que dependen de su comercio internacional, así mismo tiene importancia financiera para quienes negocian sus futuros en bolsa. Este trabajo propone evaluar...