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...

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...

Este trabajo trata de los aspectos de eficiencia, equidad y financiamiento en la fijacion de precios de empresas publicas. Se comparan distintas estructuras de precios uniformes y se estudia la teoria de la "tarifa en dos partes", en la que se cobra un "cargo fijo" por el derecho de participar...

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...

Private participation in the construction and operation of road infrastructure ia a way to deal with tight budget constraints and increasing demand for additional road capacity. Fixed term concessions has been the standard contract between the the public sector and private operators with poor...