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Timing of Wage Setting when Firms Invest in R&D
(2003-12)
In this paper, we analyze the effect that the timing of wage setting (i. e. whether wages set sequentially or simultaneously) has on the investment in R&D of firms, when that investment increases the productivity of labor, ...
Mergers in Durable Goods Industries
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
This paper is concerned with the study of durability as an aspect of competition and market structure that contributes to determining the incentives for mergers. We find that relative to the incentives in industries that ...
Royalty Licensing
(2009-09)
A patent provides its holder the monopolist´s right to sell licenses that allow the use of new technology. Empirically, most of the patent licensing agreements that are observed include royalties, in particular per unit ...
A Model of Evolutionay Drift
(2003-02)
Drift appears to be crucial to study the stability properties of Nash equilibria in a component specifying different out-of-equilibrium behaviour. We propose a new microeconomic model of drift to be added to the learning ...
The Language Game: A Game-Theoretic Approach to Language Contact
(2006-06)
We study a society inside which two official languages, the majority language A and the minority language B, are in contact and compete for the same social functions. We propose a non-cooperative game to capture some ...
Doubts and Equilibria
(2008)
In real life strategic interactions, decision-makers are likely to entertain doubts about the degree of optimality of their play. To capture this feature of real choice-making, we present here a model based on the doubts ...
Policy Coordination in an Oligopolistic Housing Market
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-03)
This paper analyzes the consequences of the interaction between two different levels of government (regulators) in the development of
housing policy when their decisions determine the level of competition in the housing ...
A Behavioral Foundation for Models of Evolutionary Drift
(2005-07)
Binmore and Samuelson (1999) have shown that perturbations (drift) are crucial to study the stability properties of Nash equilibria. We contribute to this literature by providing a behavioural foundation for models of ...
Absorbing Sets in Coalitional Systems
(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 ...
Lowndes and Locke on the value of money
(2007)
In this paper I analyze the monetary theories underlying the arguments that Locke and Lowndes directed against each other during their discussions around the Great Recoinage of 1696. My primary place of interest is the ...