<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2395-8715</journal-id>
<journal-title><![CDATA[Revista de economía]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. econ.]]></abbrev-journal-title>
<issn>2395-8715</issn>
<publisher>
<publisher-name><![CDATA[Facultad de Economía, Universidad Autónoma de Yucatán]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2395-87152020000200030</article-id>
<article-id pub-id-type="doi">10.33937/reveco.2020.145</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Medición del grado de competencia en el mercado de Afores: la aplicación del enfoque no paramétrico de la NOIE]]></article-title>
<article-title xml:lang="en"><![CDATA[Measuring the degree of competition in the Afores market: application of the NOIE's non-parametric approach]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Almendárez Carreón]]></surname>
<given-names><![CDATA[Óscar Iván]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Arteaga García]]></surname>
<given-names><![CDATA[Julio César]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Nuevo León  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Nuevo León  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2020</year>
</pub-date>
<volume>37</volume>
<numero>95</numero>
<fpage>30</fpage>
<lpage>49</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2395-87152020000200030&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2395-87152020000200030&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2395-87152020000200030&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este trabajo estudia la competencia entre las Administradoras de Fondos para el Retiro de México. Para tal efecto, se utiliza la metodología del enfoque no paramétrico de la Nueva Organización Industrial Empírica propuesto por Panzar y Rosse (1987) para estimar el grado de competencia entre estas empresas. Se utiliza información financiera anual disponible en la Comisión Nacional del Sistema de Ahorro para el Retiro para el periodo 2012 - 2018. Los resultados indican que, en ese periodo, la industria (1) podría haberse comportado como un cartel y (2) está en equilibrio de largo plazo.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This article studies competition among Pension Fund Administrators in Mexico. It uses the non-parametric approach from the New Empirical Industrial Organization analysis proposed by Panzar and Rosse (1987) to estimate the degree of competition in this industry. It uses yearly financial information available from Comisión Nacional del Sistema de Ahorro para el Retiro from 2012 to 2018. Main findings from this article indicate that in these years this industry (1) may have behaved as a cartel, and (2) is in a long-run equilibrium.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[competencia]]></kwd>
<kwd lng="es"><![CDATA[estadístico Panzar-Rosse]]></kwd>
<kwd lng="es"><![CDATA[sistema de pensiones]]></kwd>
<kwd lng="en"><![CDATA[competition]]></kwd>
<kwd lng="en"><![CDATA[Panzar-Rosse statistic]]></kwd>
<kwd lng="en"><![CDATA[pension funds]]></kwd>
</kwd-group>
</article-meta>
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