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Partial cross-ownership and strategic environmental policy
(2011)
This paper analyzes the effect that passive investment in rival firms has on the setting of cooperative and non-cooperative environmental taxes. We consider two firms located in different countries, one of which owns a ...
Zoning a cross-border city
(Departamento de Fundamentos del Análisis Económico I, UPV-EHU, 2015)
This paper investigates zoning in a cross-border linear city that consists of two bordering towns. In each town a local regulator has a say in the location of the local firm. The incentive to gain consumers from the other ...
Analysis of volatility transmissions in integrated and interconnected markets: The case of the Iberian and French markets
(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) ...
Wavelet multiple correlation and cross-correlation: A multiscale analysis of euro zone stock markets
(2011-06)
Statistical studies that consider multiscale relationships among several variables use wavelet correlations and cross-correlations between pairs of variables. This procedure needs to calculate and compare a large number ...
Stochastic Surface Models for Commodity Futures: A 2D Kalman Filter Approach
(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 ...
Are Bar Associations Anticompetitive? An Empirical Analysis of Recommended Prices for Legal Services in Spain
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
The European Commission Report on Competition in Professional Services found that recommended prices by professional bodies have a significant negative effect on competition since they may facilitate the coordination of ...
Reform of Spain's profesional services market: Implementation of the EU Services Directive
(FUNCAS, 2014-07)
The implementation of the European Commission Services Directive initiated the modernization process of services markets within the European Union. The objective was to guarantee the creation of a single market by ensuring ...
A note on bargaining power and managerial delegation in multimarket oligopolies
(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). ...
A common axiom for classical division rules for claims problems
(Departamento de Economía Aplicada IV, UPV/EHU, 2015)
In this paper we introduce a new axiom, denoted claims separability, that is satisfied by several classical division rules defined for claims problems. We characterize axiomatically the entire family of division rules that ...
Two-part tariff licensing mechanisms
(Departamento de Fundamentos del Análisis Económico I, UPV-EHU, 2012-06)
Most of the patent licensing agreements that are observed include royalties,
in particular per-unit or ad valorem royalties. This paper shows that in a differ
entiated duopoly that competes á la Cournot the optimal ...