In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...

This article calculates the Bayes-Nash equilibria of a parametric family of auction models which includes, among others, the classic models. In an analysis of two power generation firms with the same production capacity and risk neutrality, the models in this class verify a revenue equivalence...

In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...

Una de las dificultades que enfrentan las autoridades regulatorias en el diseño de políticas eficientes para la protección y preservación de recursos comunes (v.gr., calidad del aire, calidad del agua, cuerpos de agua, pesquerías) es que gran parte de la información relevante para el...

RESUMEN<br> <br> Se analiza la participación de las diferentes regiones de la UE-12 en los Programas Marco de I+D comunitarios, tanto a nivel global como por tipo de agente (empresas, universidades, centros públicos), tratando de obtener un cuadro descriptivo que permita valorar la evolución de la...

This paper aims to defend the importance of the information and persuasion in financial markets. The conviction relates to the developments of Argumentation Theory (AT). Understand that economic agents react according to the information they have, and that beliefs play an important role because...

REVISTA SOCIEDAD Y ECONOMIA # 19

This paper seeks to understand the factors that could make knowledge-intensive services a facilitating sector for sustained growth in Argentina, as well as those that limit its expansion and internationalization. The sector's recent evolution—characterized by a period of boom followed by...