We present a two-firm model of predation under complete information, based on different discount factors, and integrate it with a model of collusion. Competition, collusion and predation are seen as alternative strategies. The basic conclusions are that t

This paper applies a model of market power measurement under product differentiation to the case of the gasoline market in California, using data for the period 1983-1989. Our results show that there is a considerable degree of product differentiation among major brands. This allows firms to...

This article uses the model proposed by Chiappori, Levitt, and Groseclose to test for mixed-strategy Nash equilibria in a game between a kicker and a goalkeeper in the situation of a penalty kick in soccer. The main contribution of this article is to develop an alternative testing methodology on...

This paper analyzes the intensity of competition among commercial banks in Honduras during the period 2003-2012, through the calculation of a series of conduct parameters. We use three different approaches: an average of Lerner indices, a regression analysis that follows a...

Examining the privatization experience of case studies, within Brazil, Argentina, Chile, Bolivia, Peru, and Colombia, this book evaluates the empirical evidence on privatization and assesses the validity of the criticisms raised to show that privatization can lead to increased profitability and...

This paper presents a model of the penalty-kick game between a soccer goalkeeper and a kicker, in which there is uncertainty about the kicker’s type (and there are two possible types of kicker). To find a solution for this game we use the concept of Bayesian equilibrium, and we find that,...

Este trabajo propone un método para analizar bases de datos lingüísticas utilizando regresiones con sistemas de ecuaciones simultáneas, y aplica dicho método a una base de datos de 100 idiomas y cuatro variables fonológicas (número de consonantes, número de vocales, distinción por...

Este trabajo propone un procedimiento para evaluar la posible existencia de correlación negativa entre complejidad fonológica, morfológica y sintáctica de diferentes idiomas. El procedimiento se basa en el uso de coeficientes de correlación parcial, variables instrumentales y sistemas de...

El presente trabajo presenta un método prospectivo simplificado que sirve para estimar incrementos y reducciones de precios esperados, asociados con casos antitrust de prácticas colusivas y de abusos de posición de dominio en los cuales no resulta posible comparar datos reales de situaciones...

Examining the privatization experience of case studies, within Brazil, Argentina, Chile, Bolivia, Peru, and Colombia, this book evaluates the empirical evidence on privatization and assesses the validity of the criticisms raised to show that privatization can lead to increased profitability and...