BackExaminar Documentos de Trabajo e Informes Técnicos por departamento (eus.) "Ekonomia aplikatua III (ekonometria eta estatistika)"
Now showing items 1-20 of 107
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A Fundamental Contradiction in Keynes' Conception of Income
Ormazabal Sánchez, Kepa Mirena
(2003-02)
I contend that Keynes provides two contradictory definitions of aggregate income. According to the first definition, which is the dominant in Keynes as well as the standard in current Macroeconomics, the full value of ... -
A note on Lopez-Hernandez procedure: New non-hierarchical algorithms in classification of data
Garín Martín, María Araceli (2000-03)
[EN] In this short note, we make a critique about the procedure developed in the Inductive Algorithm in the Objects of Lopez-Hernandez (1997). It is well known that the determination of maximal cliques in a graph is an ... -
A note on the implementation of the BFC-MSMIP algorithm in C++ by using COIN-OR as an optimization engine
; Garín Martín, María Araceli; Merino Maestre, María ; Pérez Sainz de Rozas, Gloria (2010)
The aim of this technical report is to present some detailed explanations in order to help to understand and use the algorithm Branch and Fix Coordination for solving MultiStage Mixed Integer Problems (BFC- MSMIP). We have ... -
A Note on Wavelet Correlation and Cointegration
Fernández Macho, Francisco Javier (2013-11)
In a recent paper Leong-Huang:2010 {Journal of Applied Statistics 37, 215–233} proposed a wavelet-correlation-based approach to test for cointegration between two time series. However, correlation and cointegration are ... -
A parallelizable algorithmic framework for solving large scale multi-stage stochastic mixed 0-1 problems under uncertainty
Escudero Bueno, Laureano F.; Garín Martín, María Araceli; Merino Maestre, María ; Pérez Sainz de Rozas, Gloria (2011-02)
In this paper we present a parallelizable scheme of the Branch-and-Fix Coordination algorithm for solving medium and large scale multi-stage mixed 0-1 optimization problems under uncertainty. The uncertainty is represented ... -
A Semiparametric Estimation of Liquidity Effects on Option Pricing
Ferreira García, María Eva; ; (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 ... -
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 time varying coefficient model for panel data: Foreign Direct Investment in European OECD countries
Mariel Chladkova, Petr; ; (2007-04)
The present article reexamines some of the issues regarding the Knowledge-Capital Model that encompasses both horizontal and vertical Foreign Direct Investment described in detail in the literature. The empirical support ... -
A two-stage stochastic integer programming approach
Escudero Bueno, Laureano F.; Garín Martín, María Araceli; Merino Maestre, María ; Pérez Sainz de Rozas, Gloria (2005)
We present an algorithmic approach for solving two-stage stochastic mixed 0-1 problems. The first stage constraints of the Deterministic Equivalent Model have 0--1 variables and continuous variables. The approach uses the ... -
Absorbing Sets in Coalitional Systems
Iñarra García, María Elena; Kuipers, Jerome; Olaizola Ortega, María Norma (2001-12)
The purpose of this paper is twofold: First, to present an approach and a solution for analyzing the stability of coalition structures: We define a coalitional system (a set and a binary relation on that set) that explains ... -
Adam Smith on Capital and Income
Ormazabal Sánchez, Kepa Mirena (2002-02)
In this paper I critically analyze Smith's thesis in book I, chapter 6 of the "Wealth of Nations" that the replacement of the capital goods consumed in production becomes fully income. I argue that Smith’s argument is ... -
An empirical comparison of the performance of alternative option pricing models
Rubio Irigoyen, Gonzalo; Ferreira García, María Eva; 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 ... -
Analysis of Length of Time Spent in Chapter 11 Bankruptcy
Orbe Lizundia, Jesús María; Ferreira García, María Eva ; Núñez Antón, Vicente Alfredo (2001-01)
This paper investigates original issuers of high yield bonds in Chapter 11 bankruptcy to determine which factors affect the length of time spent in Chapter 11. In order to do this analysis we propose a flexible new duration ... -
Analysis of the relationship between International Immigration and Unemployement
Díaz-Emparanza Herrero, Ignacio; (2000-10)
[EN] The relationship between the unemployment and the international immigration is getting interest while the differences between poor and rich countries are stressed. The poor countries offer cheap work force to occupy ... -
Analysis of volatility transmissions in integrated and interconnected markets: The case of the Iberian and French markets
Ciarreta Antuñano, Aitor; Zárraga Alonso, Ainhoa (2012)
This paper models the mean and volatility spillovers of prices within the integrated Iberian and the interconnected Spanish and French electricity markets. Using the constant (CCC) and dynamic conditional correlation (DCC) ... -
Análisis descriptivo de la población ocupada en la CAPV (1993-1999)
(2003)El presente trabajo realiza el análisis descriptivo de la población ocupada en la economía de la CAPV, en el período 1993-1999. Dicho análisis se lleva a cabo con el objeto de comparar la población ocupada con estudios ... -
Análisis descriptivo del desempleo en la CAPV (1993-1999)
(2003)El presente trabajo realiza el análisis descriptivo de la población parada y, posteriormente la que está buscando empleo en la CAPV, en el período 1993-1999. El interés se centra en observar si estamos ante un paro de larga ... -
Application of the Analysis Cluster in the economic environment. A study of the neighborhoods of Donostia
Jiménez López, Mariano; Zárraga Castro, María Amaya ; Zubia Zubiaurre, Marian (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 ... -
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, ... -
Benchmarking of patents: An application of GAM methodology
Mariel Chladkova, Petr; (2007-04)
The present article reexamines some of the issues regarding the benchmarking of patents using the NBER data base on U.S. patents by generalizing a parametric citation model and by estimating it using GAM methodology. The ...