Mexico should consider expanding its 2014 energy reform legislation by further designing policies that seek to promote enhanced generation output and capacity, which could expand economic growth, the authors write in this study: http://bit.ly/2DpaDai
Mexico's electricity market has engaged in a deep reform process after decades of a state-owned, vertically integrated, noncompetitive closed industry. Using different modeling strategies, the authors of this paper analyze electricity transmission planning under the new industrial and institutional structure, which is characterized by a nodal pricing system and an independent system operator (ISO).
The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.
This article reviews the achievements and limitations of the G-20, analyzes the legitimacy issues that the group faces, and presents the basis of a proposal to create a Global Economic Coordination Council.
José Antonio Ocampo, Joseph E. StiglitzJanuary 25, 2012
