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Social Preferences - Literature Survey
(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 ...
Career Planning in Spain: Do temporary contracts delay marriage and motherhood?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-04)
The aim of this paper is to find an empirical connection between the impressive increase in the use of temporary contracts in Spain and the observed increase in age at marriage and maternity. Using a pool of the six available ...
Life Expectancy, Human Capital, Social Security and Growth
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
We analyze the effects of changes in the mortality rate upon life expectancy, education, retirement age, human capital and growth in the presence of social security. We build a vintage growth, overlapping generations model ...
Long Term Dynamics in CO2 Allowance Prices and Carbon Capture Investments
(2007-05)
In this paper we analyse the behaviour of the EU market for CO2 emission allowances; specifically, we focus on the contracts maturing in the Kyoto Protocol's second period of application (2008 to 2012). We calibrate the ...
Strategic Behavior and Collusion: An Application to the Spanish Electricity Market
(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 ...
Valuing Flexibility: The case of an Integrated Gasification Combined Cycle Power Plant
(2005-10)
In this paper we analyze the valuation of options stemming from the flexibility in an Integrated Gasification Combined Cycle (IGCC) Power Plant. First we use as a base case the opportunity to invest in a Natural Gas Combined ...
Monte Carlo Valuation of natural gas investments
(2006-07)
This paper deals with the valuation of energy assets related to natural gas. In particular, we evaluate a baseload Natural Gas Combined Cycle (NGCC) power plant and an ancillary instalation, namely a Liquefied Natural Gas ...
Income risk of EU coal-fired power plants after Kyoto
(2008-10)
Coal-fired power plants may enjoy a significant advantage relative to gas plants in terms of cheaper fuel cost. Still, this advantage may erode or even turn into disadvantage depending on CO2 emission allowance price. This ...
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, ...
A note on collusion sustainability with optimal punishments and detection lags
(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. ...