Institution
Instituto Tecnológico Autónomo de México
Education•Mexico City, Mexico•
About: Instituto Tecnológico Autónomo de México is a education organization based out in Mexico City, Mexico. It is known for research contribution in the topics: Politics & Population. The organization has 1098 authors who have published 2532 publications receiving 39083 citations. The organization is also known as: Instituto Tecnologico Autonomo de Mexico & Mexico Autonomous Institute of Technology.
Topics: Politics, Population, Estimator, Interest rate, Context (language use)
Papers published on a yearly basis
Papers
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TL;DR: This work provides closed-form solutions for European option values when the dynamics of both the short rate and volatility of the underlying price process are modulated by a continuous-time Markov chain with a finite number of ''economic states''.
65 citations
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Old Dominion University1, INSEAD2, Bocconi University3, University of Erfurt4, University of Southampton5, University of Wyoming6, University of Melbourne7, University of New Brunswick8, University of Dallas9, Lund University10, University of Valladolid11, Galatasaray University12, Katholieke Universiteit Leuven13, Northeastern University14, Instituto Tecnológico Autónomo de México15, Florida International University16, University of Groningen17
TL;DR: In this article, the authors employ the knowledge-based view (KBV) to explore underpricing across 17 countries and find that agency indicators are insignificant predictors, board of director knowledge limits under-pricing, and external knowledge both substitutes for and complements internal board knowledge.
Abstract: Prior studies of IPO underpricing, mostly using agency theory and single-country samples, have generally fallen short. In this study, we employ the knowledge-based view (KBV) to explore underpricing across 17 countries. We find that agency indicators are insignificant predictors, board of director knowledge limits underpricing, and external knowledge both substitutes for and complements internal board knowledge. This third finding suggests that future KBV studies should consider how internal and external knowledge states interact with each other. Our study offers new insights into the antecedents of underpricing and extends our understanding of comparative governance and the KBV of the firm.
65 citations
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TL;DR: In this paper, a unified treatment of the continuous and the discrete-time cases is presented, and two new extended regressor matrices, one which guarantees a quantifiable transient performance improvement, and the other exponential convergence under conditions that are strictly weaker than regressor persistence of excitation.
Abstract: We present some new results on the dynamic regressor extension and mixing parameter estimators for linear regression models recently proposed in the literature. This technique has proven instrumental in the solution of several open problems in system identification and adaptive control. The new results include the following, first, a unified treatment of the continuous and the discrete-time cases; second, the proposal of two new extended regressor matrices, one which guarantees a quantifiable transient performance improvement , and the other exponential convergence under conditions that are strictly weaker than regressor persistence of excitation; and, third, an alternative estimator ensuring convergence in finite-time whose adaptation gain, in contrast with the existing one, does not converge to zero. Simulations that illustrate our results are also presented.
64 citations
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TL;DR: In this article, a business cycle model of a small, open economy that incorporates formal and informal labor markets and calibrates it to Mexico is presented, showing that informal employment in Mexico is countercyclical, lags the cycle and is negatively correlated with formal employment.
64 citations
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TL;DR: In this paper, the authors present the conditions for optimal quantitative restrictions on vehicle use and for complementary abatement technologies for reducing vehicular emissions in Mexico City, based on both static and dynamic formulations of the control problem, in which for the first time in the literature the use of tradeable vehicle use permits is proposed as a cost effective complement to technological abatements for mobile emissions control.
Abstract: Many large cities in the world have serious ground level ozone problems, largely the product of vehicular emissions and thus the argued unsustainability of current urban growth patterns is frequently blamed on unrestricted private vehicle use. This article reviews Mexico City's experience with vehicle use restrictions as an emissions control program and develops the conditions for optimal quantitative restrictions on vehicle use and for complementary abatement technologies. The stochastic nature of air pollution outcomes is modelled explicitly in both the static and dynamic formulations of the control problem, in which for the first time in the literature the use of tradeable vehicle use permits is proposed as a cost-effective complement to technological abatement for mobile emissions control. This control regime gives the authorities a broader and more flexible set of instruments with which to deal more effectively with vehicle emissions, and with seasonal and stochastic variation of air quality outcomes. The market in tradeable vehicle use permits would be very competitive with low transactions costs. This control policy would have very favorable impacts on air quality, vehicle congestion and on urban form and development. Given the general political resistance to environmental taxes, this program could constitute a workable and politically palatable set of policies for controlling greenhouse gas emissions from the transport sector.
64 citations
Authors
Showing all 1112 results
Name | H-index | Papers | Citations |
---|---|---|---|
Stanislav Pospisil | 105 | 966 | 44510 |
Romeo Ortega | 82 | 778 | 30251 |
Enrique Alba | 57 | 530 | 14535 |
Maria Merino | 56 | 190 | 11282 |
Manuel A. S. Santos | 47 | 255 | 9081 |
Aaron Tornell | 46 | 139 | 10575 |
Georges Zaccour | 43 | 319 | 7245 |
Carlos Velasco | 42 | 220 | 6186 |
Francisco J. Cervantes | 37 | 144 | 5401 |
Hussain Shareef | 35 | 376 | 5377 |
Diego Restuccia | 31 | 95 | 5817 |
Stephen Haber | 30 | 98 | 4326 |
Igor Prünster | 29 | 106 | 3033 |
Víctor M. González | 28 | 165 | 4209 |
Antonio Lijoi | 28 | 123 | 3066 |