We develop the trivariate probit model in which the sample incidentally truncates twice —i.e. in the first and in the second equations—, which is not solved in the literature. The model is analogue to the so called Bivariate Probit with Sample Selection (also referred as Bivariate Probit...

There exists an ongoing debate about the economic impact induced by credit programs, mainly in developing countries. However, it has been less discussed the impact on welfare derived from the ownership of informal or formal credit. In this paper it is studied the impact of credit on the...

The individual behavior in the credit market has been poorly studied for the Mexican Economy. We do not know about the mechanism used to solve liquidity restrictions. We neither know the suppliers that provide more credits. It is important to identify whether individuals use the credit market to...

The coexistence of formal and informal suppliers of credit in a market generates the need of analyzing how those suppliers interact to satisfy the households’ demand of financial services. The objective of such analysis is the identification of an institutional design that allows the deepening...

During the auction of the Mexican Radio Spectrum that took place in 2010, the central issues in the public opinion were about the potential fiscal revenue and the possible damage to the State’s assets. None of the postures posted by the media considered the impacts of revoking the auction...

In Mexico, the electricity sector is one of the most important for the economy. It is a crucial input for the industry. The standard of living of the mexican population depends on the access to electricity. This relevance has generated, since former Mexican President Ernesto Zedillo’s proposal...

The development of economic institutions characterizes economic growth and promotes efficiency. For example, formal credit institutions operate in the credit market in a more efficient way than informal money lenders because they are better in reducing costs associated with financial market...

In this document we analyze the infrastructure and human resources (hospitals, beds, ORs, doctors and nurses, among others), both in the public and the private sector, to determine the installed capacity in the country to meet the potential demand that will be faced in case of universal...

Theft is the major component of crime rates in Mexico City and its reporting remains low and stable even when the budget assigned to federal public security reached an increase of 202.23% in 2006-2010. We develop a utility maximization model that attempts to explain the incentives that...

The development of economic institutions characterizes economic growth and promotes efficiency. For example, formal credit institutions operate in the credit market in a more efficient way than informal money lenders because they are better in reducing costs associated with financial market...