Browsing INVESTIGACIÓN by Subject "MATHEMATICAL AND QUANTITATIVE METHODS"
Now showing items 141-160 of 160
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The impact of liberalizing cost-saharing on basic models of network formation
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2015-09-12)This paper studies the impact of "liberalizing " the cost-sharing of links on some basic models of network formation. This is done in a setting where both doubly supported and singly supported links are possible, and which ... -
The Importance of Stock Market Returns in Estimated Monetary Policy Rules: a Structural Approach
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2006)This paper estimates a standard version of the New Keynesian Monetary (NKM) model augmented with financial variables in order to analyze the relative importance of stock market returns and term spread in the estimated U.S. ... -
The minimal overlap cost sharing rule
(Departamento de Economía Aplicada IV, UPV/EHU, 2015)In this paper we introduce a new cost sharing rule-the minimal overlap cost sharing rule-which is associated with the minimal overlap rule for claims problems defined by O'Neill (1982). An axiomatic characterization is ... -
The Relationship between Risk and Expected Return in Europe
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-01)We employ MIDAS (Mixed Data Sampling) to study the risk-expected return trade-off in several European stock indices. Using MIDAS, we report that, in most indices, there is a significant and positive relationship between ... -
The Relevance of Relative Position in Ultimatum Games
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2014)This paper investigates the effect of focal points and initial relative position in the outcome of a bargaining process. We conduct two on-line experiments. In the first experiment we attempt to replicate Güth, Huck and ... -
The reverse self-dual serial cost-sharing rule
(Departamento de Economía Aplicada IV, UPV-EHU, 2012)In this study we define a cost sharing rule for cost sharing problems. This rule is related to the serial cost-sharing rule defined by Moulin and Shenker (1992). We give some formulas and axiomatic characterizations for ... -
The role of personal involvement and responsibility in dictatorial allocations: A classroom experiment
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-08)This paper explores the motivations behind giving. Specifically, it focuses on personal involvement and responsibility to explain why decision makers give positive amounts in dictatorial decisons. The experiment is designed ... -
The role of the term spread in an augmented Taylor rule: An empirical investigation
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-04)Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of an augmented version of the Taylor rule (ATR) that (i) allows for the presence of switching regimes, (ii) considers the ... -
The SD-prekernel for TU games
(Departamento Fundamentos del Análisis Económico I, 2016-03-14)We introduce and analyze a new solution concept for TU games:The Surplus Distributor Prekernel. Like the prekermel, the new solu- tion is based on the an alternative motion of complaint of one player against other with ... -
The Supercore for Normal Form Games
(2003-10)We study the supercore of a system derived from a normal form game. For the case of a finite game with pure strategies, we define a sequence of games and show that the supercore of that system coincides with the set of ... -
Time-Varying Beta Estimators in the Mexican Emerging Market
(2011)This paper compares the performance of three different time-varying betas that have never previously been compared: the rolling OLS estimator, a nonparametric estimator and an estimator based on GARCH models. The study ... -
Travellers' Types
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010)This paper uses subjects’ self-reported justifications to explain discrepancies between observed heterogeneous behavior and the unique equilibrium prediction in a one-shot traveler’s dilemma experiment (TD). Principal ... -
Two-Stage Nonparametric Regression for Longitudinal Data
(1999-01)In the analysis of longitudinal data it is of main interest to investigate the existence of group and individual effects under correlated observations across time. In this paper, we develop a nonparametric two-step procedure ... -
Uncertain Information Structures and Backward Induction
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2014-03-25)In everyday economic interactions, it is not clear whether sequential choices are visible or not to other participants: agents might be deluded about opponents'capacity to acquire,interpret or keep track of data, or might ... -
Unilateral vs. Bilateral link-formation: Bridging the gap
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2014-05-28)We provide a model that bridges the gap between two benchmark models of strategic network formation: Jackson and Wolinsky' s model based on bilateral formation of links, and Bala and Goyal's two-way fl ow model, where links ... -
Union Formation and Bargaining Rules in the Labor Market
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-03)This paper analyzes union formation in a model of bargaining between a firm and several unions. We address two questions: first, the optimal configuration of unions (their number and size) and, second, the impact of the ... -
Unraveling Public Good Games: The Role of Priors
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)This paper provides experimental evidence on how players predict end game effects in a linear public good game. Our regression analysis yields a measure of the relative importance of priors and signals on subjects\' beliefs ... -
Utilización de la lógica borrosa en la selección de personas e ideas para la participación en programas públicos de ayuda a la creación de empresas
(Instituto de Economía Aplicada a la Empresa (Universidad del País Vasco UPV/EHU), 2014-12)[ES] Se propone en este trabajo un modelo de control borroso que ayude a filtrar y seleccionar las solicitudes de subvención que pueda recibir una institución pública en un programa de fomento para la creación y desarrollo ... -
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 ... -
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 ...