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Demand for Cultural Heritage
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-11)
The concept of cultural heritage has experienced a process of extension during the past few decades. Because it is a cultural construction, it is subject to differences in appreciation based on
contextual and institutional ...
Social Interactions and Subjective Well-Being: Evidence from Latin America
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-11)
In this paper, we seek to examine the effect of comparisons and social capital on subjective well-being. Furthermore, we test if, through social influence and exposure, social capital is either an enhancer or appeaser of ...
Pulse vs. Optimal Stationary Fishing: The Northern Stock of Hake
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-11)
Pulse fishing may be a global optimal strategy in multicohort fisheries. In this article we compare the pulse fishing solutions obtained by using global numerical methods with the analytical stationary optimal solution. ...
Forecasting accuracy of behavioural models for participation in the arts
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012-01)
In this paper, we assess the forecasting performance of count data models applied to arts attendance. We estimate participation models for two artistic activities that differ in their degree of popularity -museum and jazz ...
The role of the terms of trade in the trade channel of transmission of oil price shocks
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-12)
This paper highlights the role of the terms of trade in the trade channel of propagation of oil price shocks both empirically and theoretically. Empirically, I show that oil price shocks have a large, persistent and ...
Endogenous fisheries management in a stochastic model: Why do fishery agencies use TAC
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-12)
The aim of this paper is to explain under which circumstances using TACs as instrument to manage a fishery along with fishing periods may be interesting from a regulatory point of view. In order to do this, the deterministic ...
Fiscal Policy and Economic Stability: Does PIGS stand for Procyclicality In Government Spending?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-12)
The Financial Crisis has hit particularly hard countries like Ireland or Spain. Procyclical fiscal policy has contributed to a boom-bust cycle that undermined fiscal positions and deepened current account deficits during ...
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 ...
Economic Effects of Global Warming under Stock Growth Uncertainty: The European Sardine Fishery
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2013)
Global warming of the oceans is expected to alter the environmental conditions that determine the growth of a fishery resource. Most climate change studies are based on models and scenarios that focus on economic growth, ...
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 ...