Two game theory models applied to the Institutions Administrators of Retirement Funds (afores) in Mexico: a theoretical approach

Authors

  • Humberto Banda Ortiz Profesor-investigador de la Facultad de Contaduría y Administración de la Universidad Autónoma de Querétaro, doctor en Economía-Financiera.
  • Denise Gómez Hernández Profesora-investigadora de la Facultad de Contaduría y Administración de la Universidad Autónoma de Querétaro, doctora en Ciencias Actuariales.
  • Julia Hirsch Profesora-investigadora de la Facultad de Contaduría y Administración de la Universidad Autónoma de Querétaro, doctora en Ciencias Económicas.

DOI:

https://doi.org/10.29201/peipn.v13i25.402

Keywords:

pension funds, AFORES, SIEFORES, game theory

Abstract

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.

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References

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www.consar.gob.mx/SeriesTiempo/

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Published

2017-07-03

How to Cite

Banda Ortiz , H., Gómez Hernández , D., & Hirsch , J. (2017). Two game theory models applied to the Institutions Administrators of Retirement Funds (afores) in Mexico: a theoretical approach. Panorama Económico, 13(25), 71–92. https://doi.org/10.29201/peipn.v13i25.402

Issue

Vol. 13 No. 25 (2017)

Section

Artículos

License

Copyright (c) 2026 Panorama Económico

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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