La propiedad horizontal es una institución jurídica común en muchos países con derecho civil codificado, que reparte los derechos de propiedad sobre edificios de departamentos u oficinas entre distintos propietarios. Aplicando una versión del teorema de Coase, en este trabajo se analiza a la propiedad horizontal como una solución para establecer derechos sobre activos que producen de manera conjunta servicios susceptibles de ser consumidos en forma individual y conjunta (bienes privados y públicos).

El presente trabajo expone las opciones reales y su aplicación a la valuación de la estrategia de adquisición de activos (definición en sentido amplio) por la empresa. Hace especial hincapié en el impacto que tiene la flexibilidad en la formación de la estrategia que escoge el management para administrar la colección de activos y procesos que le es delegada por los accionistas.

Los problemas que surgen al escalar sistemas no suelen ser triviales ya que la mayoría no estan preparados para ser escalados, tanto por balanceo de carga como por distribución o por paralelizacion del procesamiento. En el caso del email se presentan varios desafíos. Los servers no pueden desconectarse para ser reorganizados, ya que funciona 7x24 y los clientes exigen que nunca se detengan. Escalar el sistema implica en el mejor de los casos una migración cuidadosamente planeada para que no se efectúen cortes de servicio.

This paper deals with human capital and firm-level performance in agriculture. In this sector firms are comparatively small. Management, capital provision and labor supply are concentrated on one individual and his immediate family. Many tasks have to be done, and decisions have to be worked out and carried through. Mistakes are made, not only on what crop variety to plant, but also on how much land and capital to allocate to different activities. Difficulty in decision-making is compounded by the impact of climatic variability on resource productivity.

In this paper we oversee the logic of information sets, firstly handling information and markets in perfect environments and, secondly, dealing with information and markets in imperfect environments, in the context of bounded rationality. Further on, asymmetric information is addressed together with the role of opportunistic behaviour through hidden action, hidden information, the free-rider problem and signaling, expanding on financial accounting and asymmetric information.

We know a thing when we understand it; and we understand it when we can interpret or tell what it signifies. Strictly, the sense knows nothing. We perceive indeed sounds by hearing, and characters by sight. But we are not therefore said to understand them. G. Berkeley 

Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information? T.S. Eliot

Previous results on political cycles as a signal of competency assumed that opportunism was common knowledge. If opportunism is not common knowledge, there may be a partially pooling equilibriumwhere cycles indicate oppotunism rather than competency. Insofar as mores discretionality increases the asymmetry of information, the possibility of cycles increases, and elections may become less effective to select competent incumbents.

"October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." - Mark Twain, Pudd'nhead Wilson

"How could I have been so mistaken as to have trusted the experts?- John F. Kennedy, luego de Bahía de Cochinos 

"In investing money, the amount of interest you want should depend on wether you want to eat well or sleep well." - J. Kenfield Morley, Some Things I Believe

I develop a simple principaal agent model witah an Ego "component" in agentt´s utility function. The main result is that, when ability and effort are perfect substitutes in a job and the principal has superior information, it will be optimal for the principal to make the agent believe that he is high ability no matter whether if is true or not.That result is compatible with many firms "motivation" policies