Browsing DFAEII by Title
Now showing items 61-80 of 149
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Labor Market Assimilation of Recent Immigrants in Spain
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-01)This paper provides a preliminary analysis of the employment and occupational assimilation of recent immigrant waves to the Spanish labor market as their residencies lengthen. Using Spanish data from the 2001 Population ... -
Lessons from the northern hake long-term management plan: Could the economic assessment have accepted it?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-01)An economic expert working group (STECF/SGBRE-07-05) was convened in 2007 for evaluating the potential economic consequences of a Long-Term Management Plan for the northern hake. Analyzing all the scenarios proposed by ... -
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 ... -
Life Expectancy, Schooling Time and Endogenous Growth
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)I analyze how changes in life expectancy affect retirement age, education time, and growth rates of economies. I set up a continuous time, overlapping generations model of endogenous growth with externalities in human ... -
Linguistic Polarization and Conflict in the Basque Country
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-12)This paper investigates the relationship between linguistic polarization and conflict in the Basque Country. During the 40 years of Franco’s dictatorship the use of the Basque language was banned. Therefore, there may be ... -
Market Power in the Spanish Electricity Auction
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)We use hourly bid data from the Spanish day-ahead electricity auction to obtain a lower bound measure of generators' market power. Our method is not based on cost estimates but rather on the different behavior of strategic ... -
Markov Switching Risk Premium and the term structure of interest rates. Empirical evidence from US post-war interest rates
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-04)This paper considers the basic present value model of interest rates under rational expectations with two additional features. First, following McCallum (1994), the model assumes a policy reaction function where changes ... -
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 ... -
Merging to License: Internal vs. External Patentee
(2003-01)In this paper, we endogenize the decision of a research laboratory that owns a patented process innovation on whether to remain independent as an external patentee or to merge with a manufacturing firm, becoming an internal ... -
Methods for Measuring Aggregate Costs of Conflict
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-09)This paper reviews the methods for measuring the economic cost of conflict. Estimating the economic costs of conflict requires a counterfactual calculation, which makes this a very difficult task. Social researchers have ... -
Moral cleansing and moral licenses: experimental evidence
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)Research on moral cleansing and moral self-licensing has introduced dynamic considerations in the theory of moral behavior. Past bad actions trigger negative feelings that make people more likely to engage in future moral ... -
Moral Hazard and the Internal Organization of Joint Research
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-06)This paper analyzes the impact of agency problems on two entrepreneurs’ choice whether to carry out a stand-alone or a joint project. A joint project can be conducted by a single or both entrepreneurs’ research units, which ... -
More on Identification on Detailed Wage Decompositions
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-04)Wage decompositions are often used to decompose wage differentials of two demographic groups into differences in characteristics and differences in returns to those characteristics. The later part is used as an estimate ... -
New Keynesian Model Features that Can Reproduce Lead, Lag and Persistence Patterns
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-04)This paper uses a new method for describing dynamic comovement and persistence in economic time series which builds on the contemporaneous forecast error method developed in den Haan (2000). This data description method ... -
Non-Stationary Demand in a Durable Goods Monopoly
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-01)In a context where demand for the services of a durable good changes over time, and this change may be uncertain, the paper shows that social welfare may be higher when the monopolist seller can commit to any future price ... -
On the Benefits of Including Age-structure in Harvest Control Rules
(2014-08-27)This paper explores the benefits of including age-structure in the control rule (HCR) when decision makers regard their (age-structured) models as approximations. We find that introducing age structure into the HCR reduces ... -
On the Informational Role of Term Structure in the U.S. Monetary Policy Rule
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-01)This paper uses a structural approach based on the indirect inference principle to estimate a standard version of the new Keynesian monetary (NKM) model augmented with term structure using both revised and real-time data. ... -
On the strategic equivalence of multiple-choice test scoring rules
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-12)A disadvantage of multiple-choice tests is that students have incentives to guess. To discourage guessing, it is common to use scoring rules that either penalize wrong answers or reward omissions. These scoring rules are ... -
Optimal Correction for Guessing in Multiple-Choice Tests
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2007-12)Building on Item Response Theory we introduce students’ optimal behavior in multiple-choice tests. Our simulations indicate that the optimal penalty is relatively high, because although correction for guessing discriminates ... -
Optimal fiscal policy in a multisector model with minimum expenditure requirements
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2007-03)This paper investigates optimal fiscal policy in a static multisector model. A Ramsey type planner chooses tax rates on each good type as well as spending levels on each good type subject to an exogenous total expenditure ...