BackBrowsing Documentos de Trabajo e Informes Técnicos by Title
Now showing items 352-371 of 451
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Should Fiscal Policy be different in a Non-Competitive Framework?
Gorostiaga Alonso, Miren Arantzazu
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-07)
This paper studies if imperfections in the labor market justify a different fiscal policy. We present a dynamic general equilibrium model with a Ramsey planner deciding about public spending, labor taxes and debt. Two ... -
Should Owners of Firms Delegate Long-run Decisions?
; Casado Izaga, Francisco Javier (1999-11)
This paper analyzes whether owners of firms have incentives to delegate their long-run decisions to managers or not. The result arising from our analysis shows that owners do have incentives to keep their long-run decisions ... -
Skill premium effects on fertility and female labor force supply
Iza Padilla, María Amaya; Ferrero Martínez, Dolores (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
In the last twenty years the United States has seen a positive relationship between female labor supply and total fertility rates, which differs from the pattern observed over the preceding years. We construct a general ... -
Smiling under stochastic volatility
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)This paper studies the behavior of the implied volatility function (smile) when the true distribution of the underlying asset is consistent with the stochastic volatility model proposed by Heston (1993). The main result ... -
Social Housing under Oligopoly
Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-03)
In this paper it is shown that the setting up of a social housing system may decrease the total number of houses built in the market, induce a price of non-social houses greater than the price of houses without that system ... -
Social Interactions and Subjective Well-Being: Evidence from Latin America
Ateca Amestoy, Victoria María; Cortés Aguilar, Alexandra; Moro-Egido, Ana I. (University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-11)
In this paper, we seek to examine the effect of comparisons and social capital on subjective well-being. Furthermore, we test if, through social influence and exposure, social capital is either an enhancer or appeaser of ... -
Social Preferences - Literature Survey
Kovarik, Jaromir (2009)
This paper surveys the theories of social preferences. Social preferences are based on that people not only care about their own well-being, but they have a certain concern with payoffs and/or actions of others. We classify ... -
Social Security, Education, Retirement and Growth
Iza Padilla, María Amaya; Echevarría Olave, Cruz Ángel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-02)
In this paper we analyze the effects of social security policies in an unfunded, earnings-related social security system on the incentives to education investment and voluntary retirement, on growth and on income inequality. ... -
Sole Ownership and Common Property Under Management Flexibility: Valuation, Optimal Exploitation and Regulation
(2001-01)If one were to examine the institutional configurations under which real world fisheries operate, one would find virtually no fisheries operating under either pure open access or rent maximizing conditions. Instead, most ... -
Some experiments on solving multistage stochastic mixed 0-1 programs with time stochastic dominance constraints
Escudero Bueno, Laureano F.; Garín Martín, María Araceli; Merino Maestre, María ; Pérez Sainz de Rozas, Gloria (2015)
In this work we extend to the multistage case two recent risk averse measures for two-stage stochastic programs based on first- and second-order stochastic dominance constraints induced by mixed-integer linear recourse. ... -
Spanish Customer Satisfaction Indices by Cumulative Panel Data
López Caro, Cristina María; Fernández Aguirre, María Carmen; Mariel Chladkova, Petr (2003-07)
In this paper, we present a new theoretical representation of the Consumer Satisfaction Index (CSI) based on Structural Equation Modelling (SEM). We use panel data collected by an automotive magazine to apply our approach ... -
Statistical model for the reproducibility in ranking based feature selection
Urkullu Villanueva, Ari; Pérez Martínez, Aritz; Calvo Molinos, Borja (2017-10-25)
Recently, concerns about the reproducibility of scientific studies have been growing among the scientific community, mainly due to the existing large quantity of irreproducible results. This has reach such an extent that ... -
Stochastic Surface Models for Commodity Futures: A 2D Kalman Filter Approach
Fernández Macho, Francisco Javier (2011-09)
We propose a two-dimensional Kalman filter approach that, additional to the information contained in futures prices evolution over time, makes use of information contained in the term structure of commodity futures along ... -
Strategic Behavior and Collusion: An Application to the Spanish Electricity Market
Ciarreta Antuñano, Aitor; Gutiérrez Hita, Carlos (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
The paper has two major contributions to the theory of repeated games. First, we build a supergame oligopoly model where firms compete in supply functions, we show how collusion sustainability is affected by the presence ... -
Strategic Interaction and Conventions
Espinosa Alejos, María Paz; Kovarik, Jaromir ; Ponti, Giovanni (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-06)
The scope of the paper is the literature that employs coordination games to study social norms and conventions from the viewpoint of game theory and cognitive psychology. We claim that those two alternative approaches are ... -
Strategic Votes and Sincere Counterfactuals
Artabe Echevarria, Alaitz; Gardeazabal, Javier (2013-11-07)
The Random Utility Model (RUM) of voting behavior can account for strategic voting by making use of proxy indicators that measure voter incentives to vote strategically. The contribution of this paper is to propose a new ... -
Survival Analysis Using a Censored Semiparametric Regression Model
Orbe Lizundia, Jesús María; Ferreira García, María Eva ; Núñez Antón, Vicente Alfredo (2000-04)
In this work we study the effect of several covariates X on a censored response variable T with unknown probability distribution. A semiparametric model is proposed to consider situations where the functional form of the ... -
Switching Equilibria: The Present Value Model for Stock Prices Revisited
Gutiérrez Huerta, María José; Vázquez Pérez, Jesús (2002-07)
This paper analyzes the different dynamic features displayed by alternative RE equilibria and how these features change for small perturbations of the dividend process parameters. Using historical US data and structural ... -
Switching Regimes in the Term Structure of Interest Rates During U.S. Post-War: A case for the Lucas proof equilibrium?
Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-08)
Farmer (1991) suggests that in a model in which there are multiple rational expectations (RE) equilibria agents may find it useful to coordinate their expectations in a unique RE equilibrium which is immune to the Lucas ... -
Syncronized or Staggered Wage Bargaining
; Campo Corredera, María Luz (1999-02)
[EN] This paper analyzes the timing of wage bargaining in a unionized market, assuming that workers are organized in independent unions. In equilibrium, when unions decide the timing of the negotiations, we obtain a staggered ...