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Prices and the Real Exchange Rate in Hong Kong: 1985-2006
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-11)
This paper seeks to quantify to the extent to which price dynamics in Hong Kong are due to the Balassa-Samuelson hypothesis. From 1985 to 1998, the CPI in Hong Kong increased spectacularly, yet there was dramatic deflation ...
Rationing Rules and Stable Coalition Structures
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2016-10-05)
We consider a coalition formation model in which agents have the possibility of forming part of several coalitions but are limited to participate in only one of them. Coalitions of agents produce outputs to be
distributed ...
The Nucleolus, the Kernel, and the Bargaining Set: An Update
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2019-06)
One of David Schmeidler’s many important contributions in his distinguished career was the introduction of the nucleolus, one of the central single-valued solution concepts in cooperative game theory. This paper is an ...
Prosocial norms and degree heterogeneity in social networks
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
We provide empirical evidence to support the claims that social diversity promotes prosocial behavior. We elicit a real-life social network and its members’ adherence to a social norm, namely inequity aversion.
The data ...
Strategic Interaction and Conventions
(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 ...
Learning in Network Games
(Departamento de Fundamentos dle Análisis Económico I, 2012-11-23)
We report the findings of an experiment designed to study how people learn and make decisions in network games. Network games offer new opportunities to identify learning rules, since
on networks (compared to e.g. random ...
Income Taxation and Growth in an OLG Economy: Does Aggregate Uncertainty Play any Role?
(2013-12-18)
We analyze the effects of capital income taxation on long-run growth in a stochastic, two-period overlapping generations economy. Endogenous growth is driven by a positive externality of physical capital in the production ...
Partial ownership of local firms and zoning of neighboring towns
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2019-03-27)
This paper investigates zoning in two neighboring towns in which firms are owned by investors that reside in the two towns. We find that local regulators use zoning strategically depending on the weight of local profits ...
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 ...