Now showing items 1-20 of 200

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      A bayesian estimation of the economic effects of the Common Fisheries Policy on the Galician Fleet: a dynamic stochastic general equilibrium approach 

      Colla-De-Robertis, Esteban; Da Rocha, José María; García-Cutrín, Javier; Gutiérrez Goiria, Jorge ORCID; Prellezo Iguarán, Raúl (Elsevier, 2019-01-01)
      What would have happened if a relatively looser fisheries policy had been implemented in the European Union (EU)? Using Bayesian methods a Dynamic Stochastic General Equilibrium (DSGE) model is estimated to assess the ...
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      A factor model of seasonality in stock returns 

      Gardeazabal, Javier ORCID; Regúlez Castillo, Marta ORCID (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      Most empirical evidence on stock market seasonality is based on the Dummy Variable Approach (DVA). Typically, the DVA leaves too much variability of stock returns unexplained and inference usually leads to weak or null ...
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      A Measure of Gender Wage Discrimination at Quantiles 

      Gardeazabal, Javier ORCID; Ugidos Olazabal, Arantza ORCID (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      The literature provides several scalar measures of gender wage discrimination that cannot identify whether discrimination is greater among high earners or among low earners. Furthermore, two populations may exhibit the ...
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      A Non-Parametric Dimension Test of the Term Structure 

      Gil Bazo, Javier; Rubio Irigoyen, Gonzalo (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      In an economy with multiple sources of risk, the short-term interest rate does not capture all the information that determines the conditional distribution of bond yields. This is also true for path-dependent term structure ...
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      A note on bargaining power and managerial delegation in multimarket oligopolies 

      Ciarreta Antuñano, Aitor ORCID; García Enríquez, Javier ORCID; Gutiérrez Hita, Carlos (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012-11)
      In a two-stage delegation game model with Nash bargaining between a manager and an owner, an equivalence result is found between this game and Fershtman and Judd's strategic delegation game (Fershtman and Judd, 1987). ...
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      A note on collusion sustainability with optimal punishments and detection lags 

      Ciarreta Antuñano, Aitor ORCID; Gutiérrez Hita, Carlos (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. ...
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      A Note on Risk Acceptance, Bankruptcy Avoidance and Riskiness Measures 

      Chamorro Elosua, Arritokieta; Usategui Díaz de Otalora, José María ORCID (2013-09-30)
      In this work we clarify the relationships between riskiness, risk acceptance and bankruptcy avoidance. We distinguish between the restriction on the current wealth required to make a gamble acceptable to the decision maker ...
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      A Semiparametric Estimation of Liquidity Effects on Option Pricing 

      Ferreira García, María Eva ORCID; Gago, Mónica; Rubio Irigoyen, Gonzalo (1999-09)
      This paper proposes a semiparametric option pricing model with liquidity, as proxied by the relative bid-ask spread. The nonparametric volatility function with liquidity as an explanatory variable is estimated using the ...
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      A Simple Model of Anticompetitive Vertical Integration 

      Sandonís, Joel; Faulí Oller, Ramón (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 ...
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      A Supply Function Competition Model for the Spanish Wholesale Electricity Market 

      Ciarreta Antuñano, Aitor ORCID; Espinosa Alejos, María Paz ORCID (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
      We model the Spanish wholesale market as a multiplant linear supply function competition model. According to the theory, the larger generators should have supply curves for each plant which are to the left of the supply ...
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      Ad valorem housing subsidies may reduce house building 

      Usategui Díaz de Otalora, José María ORCID (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-03)
      In this paper it is shown that an ad valorem housing subsidy set by a central regulator (or a raise in the ad valorem housing subsidy rate) may reduce the number of houses built in the market and increase the price paid ...
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      Altruism and Social Integration 

      Brañas Garza, Pablo; Cobo Reyes, Ramón; Espinosa Alejos, María Paz ORCID; Jiménez, Natalia; Kovarik, Jaromir ORCID; Ponti, Giovanni (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 ...
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      Altruism in the (Social) Network 

      Brañas Garza, Pablo; Cobo Reyes, Ramón; Espinosa Alejos, María Paz ORCID; Jiménez, Natalia; Ponti, Giovanni (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 ...
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      Altruism with Social Roots: An Emerging Literature 

      Brañas Garza, Pablo; Espinosa Alejos, María Paz ORCID (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 ...
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      An Alternative View of the US Price-Dividend Ratio Dynamics 

      Londoño Yarce, Juan Miguel; Regúlez Castillo, Marta ORCID; Vázquez Pérez, Jesús ORCID (2014-12)
      As a necessary condition for the validity of the present value model, the price-dividend ratio must be stationary. However, significant market episodes seem to provide evidence of prices significantly drifting apart from ...
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      An austerity-driven energy reform 

      Espinosa Alejos, María Paz ORCID (University of the Basque Country, Department of Foundations of Economic Analysis II, 2013-12)
      In July 2013, the government approved a major overhaul of the Spanish electricity sector to correct existing imbalances that have led to an exponential increase of regulated electricity costs and a huge tariff deficit. The ...
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      An empirical comparison of the performance of alternative option pricing models 

      Rubio Irigoyen, Gonzalo; Ferreira García, María Eva ORCID; Gago, Mónica; León, Angel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      This paper presents a comparison of alternative option pricing models based neither on jump-diffusion nor stochastic volatility data generating processes. We assume either a smooth volatility function of some previously ...
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      An Estimated New-Keynesian Model with Unemployment as Excess Supply of Labor 

      Casares, Miguel; Moreno, Antonio; Vázquez Pérez, Jesús ORCID (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      Wage stickiness is incorporated to a New-Keynesian model with variable capital to drive endogenous unemployment uctuations de ned as the log di¤erence between aggregate labor supply and aggregate labor demand. We estimated ...
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      An estimation of Armington elasticities at the EU-28 level 

      Rueda Gutiérrez, Mikel (2019)
      The Armington substitution elasticity is a key parameter for trade-policy analysis. The purpose of this study then is no other than to re-estimate NEST 11 Armington elasticities making use of the upgraded versions of WIOD ...
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      Analysing energy poverty in Spain 

      Delgado Rubio, Endika (2019)
      In this thesis we study energy poverty in Spain both at the level of concept and reality, using the Spanish family budgets survey for the year 2010. First we introduce the phenomenon of energy poverty analysing lightly its ...