A widely used sealed-bid auction is the first-price auction. In this auction, the highest bidder wins the item and pays the price submitted; the other bidders get and pay nothing. The all-pay auction is similar to the first-price auction, except that losers must also pay their submitted bids. The...

This paper reviews the factors and mechanisms that have been driving inequality in Mexico and finds that educational inequality accounts for by far the largest share of Mexico’s variation in earnings inequality. The contribution of inequality of education to inequality of earnings in Mexico is...

There is a growing body of data from game theory and industrial organization experiments that reveals systematic deviations from Nash equilibrium behavior. In this paper, the perfectly rational decision making embodied in Bertrand Nash equilibrium is generalized to allow for endogenously...

Quality of education is a determining factor in competitiveness. In order to compete globally, Mexico would have to raise its standards beyond its current low achievement. Several innovations at federal and state levels have been developed to raise the quality of basic education through...

Analysis of Mexico’s household income and expenditure as state panel data reveal that increased spending for public education can have and did have significant effects on enrollment and educational transition. First it is shown that although the effects of federal education transfers are...

Introducción. Las subastas surgen cuando algún agente, generalmente un vendedor, necesita crear un mercado para vender algún bien para el cual no existe un mercado desarrollado. Las subastas que vamos a considerar en este trabajo son generalizaciones de las subastas sencillas, las cuales han...

Past research often attributed most differences in student learning to socioeconomic factors, implying that the potential for direct educational interventions to reduce learning inequality was limited. The author shows that learning achievement can be improved through appropriately designed and...

While there have been numerous impact evaluations of unemployed individuals participating in retraining programs or in programs to foster self-employment, impact evaluations of enterprises benefiting from training programs for small and medium enterprises (SMEs) are rare. The authors reevaluate...

This paper selectively synthesizes much of the research on Latin American and Caribbean labor markets in recent years. Several themes emerge that are particularly relevant to ongoing policy dialogues. First, labor legislation matters, but markets may be less segmented than previously thought....