Lucía Quesada

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In this paper we address the question of collusion in mechanisms under asymmetric information by assuming that one of the colluding parties offers a side contract to the other one. We develop a methodology to analyze collusion as an informed principal problem. We show that if collusion occurs after the agents accept or reject the principal’s offer, the(More)
We analyze the possibility of trade-offs between efficiency and equity and of distributional conflicts in the context of infrastructure contract renegotiation in developing countries. To do so, we present a model of contract award through an auction of the right to operate an infrastructure service to a private monopoly and consider the possibility of(More)
Tournaments, Individualized Contracts and Career Concerns Young professionals typically do not enter into life-long employment relations with a single firm. Therefore, future employers can learn about individuals’ abilities from the observable facts regarding earlier work relations. We show that these informational spill-overs have profound implications for(More)
We analyze the possibility of trade-offs between efficiency and equity and of distributional conflicts in the context of infrastructure contract renegotiation in developing countries. To do so, we present a model of contract award through an auction of the right to operate an infrastructure service to a private monopoly and consider the possibility of(More)
We provide a simple model with a privately informed principal who provides nancing to a project in which an agent exerts e ort that a ects the probability of success. When restricting the space of contracts to debt contracts, we show that the equilibrium that gives the highest pro t to the principal is a pooling equilibrium in which the allocation of cashow(More)
The thermal behavior of some types of raw and lead-polluted biomasses typical in south Spain was studied by non-isothermal thermogravimetry. Experiments were carried out in nitrogen atmosphere at three heating rates (5, 10 and 20°C/min). The results of thermogravimetric tests carried out proved that the presence of lead did not change the main degradation(More)
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