Humberto Banda Ortiz

DOS MODELOS DE TEORÍA DE JUEGOS APLICADOS A LAS ADMINISTRADORAS DE FONDOS PARA EL RETIRO (AFORES ) EN MÉXICO

In Mexico the pension system based on Institutions Administrators of Retirement Funds (AFORES) is relatively new, that is why this study shows two game theory applications in order to provide different decisions tools to the economics agents involved into individual capitalization pension market in Mexico, and help them to maximize their economic and personnal profits. The results show the applicability of Bertrand model to modeling the way in AFORES compete in prices and the Hotelling model utility to modeling how AFORES compete for a horizontal differentiation market.

FRENTE A LA CRISIS: EL COMPORTAMIENTO DE LAS PYMES QUERETANAS DURANTE LA CRISIS

Through financial crises periods, SMEs could view affected their operations in many different ways and, even more, SMEs could face the possibility to jeopardize their survival. However, not all SMEs are equally affected by a financial crisis. In fact, some SMEs may even thrive and grow during the crisis periods, which increased their profits. There are empirical evidence that suggest that some SMEs view in financial crises the opportunity to develop new strategies and innovate in their products and/or their services. Answer the following questions: what was the mortgage crisis on SMEs in Queretaro State?, and how SMEs in Queretaro State responded during the mortgage crisis?, is the central issue in this paper.