Using a proprietary data set provided by a major manufacturer of aircraft engines, we empirically investigate how product reliability is impacted by the use of two different types of after-sales maintenance support contracts: time and material contracts (T&MC) and performance-based contracts...

Firms that rely on functioning mission-critical equipment for their businesses cannot afford significant operational downtime due to system disruptions. To minimize the impact of disruptions, a proper incentive mechanism has to be in place so that the suppliers provide prompt restoration and...

Performance-based contracting is reshaping service support supply chains in capital-intensive industries such as aerospace and defense. Known as "power by the hour" in the private sector and as "performance-based logistics" (PBL) in defense contracting, it aims to replace traditionally used...

El análisis de la relación fiscal entre gobiernos busca contestar por qué se adopta una estructura federal, y cómo se asignan y se descentralizan las funciones de gasto e ingreso entre niveles diversos de gobierno. La descentralización surge de la idea de que los beneficios de la...

La distribución de los recursos y potestades tributarias entre los diferentes niveles de gobierno tiene suma importancia para la organización de las tareas económicas del Estado. La eficiencia económica y la función de estabilización macroeconómica requieren de una mayor centralización...

This paper measures the effect of the labor factor mobility on the convergence rate to the steady state of the economy. It is estimated that this rate is relatively low for the Mexican Federate States, compared with other countries like the United States and Japan. However, the rates between the...

The observation that collection lags combine with inflation to erode fiscal revenues has long been a strong argument against seigniorage (Tanzi (1978)). However, with the exception of Dixit (1991), who used a general equilibrium model to reject this argument, the optimal tax literature has not...

Government financing of schooling is necessitated by capital market imperfections. Governments are also responsible for maintaining a stock of public capital that enters private production function. In this paper the welfare implications and politics of these investments are examined in a...

The observation that inflation reduces real revenues when there are lags in tax collection has long been a strong argument against seigniorage. However, with the exception of Dixit, who used a general equilibrium model to reject this argument, the optimal taxation literature has not analyzed how...