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Este paper muestra que en un modelo principal-monitor-agente el principal enfrenta un trade-off al elegir el momento en el cual monitorear al agente. Una señal obtenida por un monitor ex ante (supervisor) provee flexibi...

This paper follows the rational political budget cycle approach, ,extending it in two directions. First, it considers an open economy, to formalize the implications of political budget cycles for nominal exchange rates. ...

Current performance prediction analytical models try to characterize the performance behavior of actual machines through a small set of parameters. Due to different factors, the predicted times suffer substantial deviati...

The traditional view of colonization of the Americas as a migration across Beringia and subsequent dispersal southward following the last glacial maximum is being increasingly questioned. In North America, archaeological...

This paper uses an intertemporal general equilibrium asset pricing model to study the term structure of interest rates. In this model, anticipations, risk aversion, investment alternatives, and preferences about the timi...

Feedback is one of the most powerful influences on learning and achievement, but this impact can be either positive or negative. Its power is frequently mentioned in articles about learning and teaching, but surprisingly...

Granites may be subdivided according to their intrusive settings into four main groups—ocean ridge granites (ORG), volcanic arc granites (VAG), within plate granites (WPG) and collision granites (COLG)—and the granit...