The dissertation is focused on studying the behavior of aggregate asset market and its relationship to real economic activity. Chapter 1 offers a new empirical perspective on the relationship between the conditional mean and volatility of stock returns. Chapter 2 builds a general equilibrium...

Input users and producers seek to increase their profitability by locating near each other. This self-reinforcing relationship between input producers and users can be views as a basic agglomeration force to enable the modeling of agglomeration economies based on a standard monopolistic...

This dissertation explores the effect of trade liberalization on income distribution under conditions which depart in one or more ways from the Heckscher-Ohlin model. Each essay was written with Mexico in mind, but the results are stated in terms as general as possible. The first essay shows...

This dissertation analyzes the relation between industrial organization, technological change and economic policy-making. The secrets to long-term growth are hidden in this complex relation, which explains the forces that enable and hinder learning in production. The recent changes in the...

The first essay examines the phenomenon of free riding and underinvestment in noncooperative entry deterrence in the Gilbert and Vives (1986) model with differentiated products. Our analysis proves that when both entry allowing and entry deterring equilibria coexist, underinvestment can occur in...

We model divisionalization as a two-stage simultaneous move duopoly game. In stage one, firms simultaneously establish divisions. In stage two, all divisions play a Cournot game. The major contribution of this thesis is to generalize the analysis of strategic firm structure in simultaneous move...

In the past the studies done about consumption and the financial market generally produced results that would only work to discount the credibility of consumption-based asset pricing models. This study was motivated by the idea that a model based on hyperbolic utility risk aversion mechanism...

This dissertation probes the interface between foreign direct investment (FDI) and sustainable industrial development in the context of the neo-liberal institutions governing the global economy. Comprised of three essays, it defines sustainable industrial development as simultaneous evolution...

The purpose of this study was to develop a hotel performance model using structural equation modeling. All hotel firms with a SIC code of 70, with available data for 1996, were used. A total of 106 hotel, hotel and gaming, and hotel conglomerates were included in this study. A model was proposed...