Browsing by Subject "MICROECONOMICS"
Now showing items 1-20 of 88
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A Marginalist Model of Network Formation
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2016-08-18)We develop a network-formation model where the quality of a link depends on the amount invested in it and is determined by a link-formation "technology" , an increasing strictly concave function which is the only exogenous ... -
A note on collusion sustainability with optimal punishments and detection lags
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-09)In this note we characterize optimal punishments with detection lags when the market consists of n oligopolistic firms. We extend a previous note by Colombo and Labrecciosa (2006) [Colombo, L., and Labrecciosa, P., 2006. ... -
A Simple Model of Anticompetitive Vertical Integration
(2003-01)The result of neutrality of vertical integration for competition postulated by the Chicago School can be supported by a benchmark model with (1) an upstream monopolist, (2) homogeneous goods downstream and (3) observable ... -
A Unifying model of strategic network formation
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2015-02-17)We provide a model that merges two basic models of strategic network formation and incorporates them as extreme cases: Jackson and Wolinsky' s connections model based on bilateral formation of links, and Bala and Goyal' s ... -
Altruism and Social Integration
(2009)We report on a two-stage experiment in which i) we first elicit the social network within a section of undergraduate students and ii) we then measure their altruistic attitudes by means of a standard Dictator game. We ... -
Altruism in the (Social) Network
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-11)This paper explores the role of social integration on altruistic behavior. To this aim, we develop a two-stage experimental protocol based on the classic Dictator Game. In the first stage, we ask a group of 77 undergraduate ... -
Altruism with Social Roots: An Emerging Literature
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-11)This paper analyzes the emerging literature on the determinants of giving within a social network. We propose two main explanatory variables for previous experimental results on the friendship effect. The first is social ... -
Application of the Analysis Cluster in the economic environment. A study of the neighborhoods of Donostia
(2000-10)[EN] We try to study the quality of life in Donostia, in the sense that we want to study the relationship that can exist among those inhabitants of the housings and the structure of the same ones. We will attempt to look ... -
Approximate knowledge of rationality and correlated equilibria
(Departamento de fundamentos del análisis económico I, 2012-07-16)We extend Aumann's [3] theorem deriving correlated equilibria as a consequence of common priors and common knowledge of rationality by explicitly allowing for non-rational behavior. We replace the assumption of common ... -
Asymmetric flow networks
(Departamento de Fundamentos del Análisis Económico I, UPV-EHU, 2012-06-22)This paper provides a new model of network formation that bridges the gap between the two benchmark models by Bala and Goyal, the one-way flow model, and the two-way flow model, and includes both as particular extreme ... -
Bayesian learning in mis-specified models
(2000-02)A central unanswered question in economic theory is that of price formation in disequilibrium. This paper lays down the methodological groundwork for a model that has been suggested as an answer to this question (Arrow, ... -
Career Planning in Spain: Do temporary contracts delay marriage and motherhood?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-04)The aim of this paper is to find an empirical connection between the impressive increase in the use of temporary contracts in Spain and the observed increase in age at marriage and maternity. Using a pool of the six available ... -
Choice of Product Variety for the Durable Goods Monopolist
(1999-01)This paper analyzes the strategic choice of variety by a monopolist seller of a durable good as a means to mitigate his commitment problem. The monopolist chooses his product variety with a goal of ensuring that a strong ... -
Coalitional games with veto players: Myopic and farsighted behavior
(Departamento de Fundamentos del Análisis Económico I, 2013-10-10)This paper studies an allocation procedure for coalitional games with veto players. The procedure is similar to the one presented by Dagan et al. (1997) for bankruptcy problems. According to it, a player, the proposer, ... -
Commitment Power in a Non-Stationary Durable-Good Market
(2001-05)This paper derives and evaluates the decisions of a durable good monopolist in a context where demand for the services of the durable good changes over time. It shows that, if the size of the market decreases over time, ... -
Competitive Pressure and Job Interview Lying: A Game Theoretical Analysis
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)We consider a job contest in which candidates go through interviews (cheap talk) and are subject to reference checks. We show how competitive pressure - increasing the ratio of "good" to "bad" type candi- dates - can ... -
El componente de selección adversa de la horquilla de precios cotizada: una revisión de los modelos de estimación
(Instituto de Economía Aplicada a la Empresa de la Universidad del País Vasco, 2005)[ES] Una de las principales preocupaciones en el área de la microestructura del mercado ha sido la estimación de los componentes no observables de la horquilla de precios a partir de las series de datos que proporcionan ... -
Conceptuación y medición del constructo capacidad de absorción: hacia un marco de integración
(Escuela Universitaria de Estudios Empresariales, 2011)Las ideas novedosas pueden encontrarse tanto en el interior de las organizaciones como en su entorno, o en los agentes con los que se relaciona. Las organizaciones deben establecer flujos internos y externos de conocimiento ... -
Consumption and portfolio rules whit stochastic hyperbolic discounting
(Departamento de Fundamentos del Análisis Económico I, 2013-09)We extend the classic Merton (1969, 1971) problem that investigates the joint consumption-savings and portfolio-selection problem under capital risk by assuming sophisticated but time-inconsistent agents. We introduce ... -
Countervailing incentives in adverse selection models. A synthesis
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2014-12)In this paper we propose a simple method of characterizing countervailing incentives in adverse selection problems. The key element in our characterization consists of analyzing properties of the full information problem. ...