BackBrowsing Documentos de Trabajo e Informes Técnicos by Author "Ciarreta, Aitor"
Now showing items 1-11 of 11
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A note on bargaining power and managerial delegation in multimarket oligopolies
Ciarreta Antuñano, Aitor
; García Enríquez, Javier ; (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012-11)
In a two-stage delegation game model with Nash bargaining between a manager and an owner, an equivalence result is found between this game and Fershtman and Judd's strategic delegation game (Fershtman and Judd, 1987). ... -
A note on collusion sustainability with optimal punishments and detection lags
Ciarreta Antuñano, Aitor; Gutiérrez Hita, Carlos (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. ... -
A Supply Function Competition Model for the Spanish Wholesale Electricity Market
Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
We model the Spanish wholesale market as a multiplant linear supply function competition model. According to the theory, the larger generators should have supply curves for each plant which are to the left of the supply ... -
Analysis of volatility transmissions in integrated and interconnected markets: The case of the Iberian and French markets
Ciarreta Antuñano, Aitor; Zárraga Alonso, Ainhoa (2012)
This paper models the mean and volatility spillovers of prices within the integrated Iberian and the interconnected Spanish and French electricity markets. Using the constant (CCC) and dynamic conditional correlation (DCC) ... -
Are Bar Associations Anticompetitive? An Empirical Analysis of Recommended Prices for Legal Services in Spain
Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz ; Zurimendi Isla, Aitor (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
The European Commission Report on Competition in Professional Services found that recommended prices by professional bodies have a significant negative effect on competition since they may facilitate the coordination of ... -
Economic Growth and Electricity Consumption in 12 European Countries: A Causality Analysis Using Panel Data
Ciarreta Antuñano, Aitor; Zárraga Alonso, Ainhoa (2008)
We apply recent panel methodology to investigate the relationship between electricity consumption and real GDP for a set of 12 European Union countries using annual data for the period 1970-2004. Recently developed tests ... -
Electricity consumption and economic growth: evidence from Spain
Ciarreta Antuñano, Aitor; Zárraga Alonso, Ainhoa (2007-01)
The paper investigates both linear and nonlinear causality between electricity consumption and economic growth in Spain for the period 1971-2005. We use the methodology of Toda and Yamamoto (1995) and Dolado and Lütkepohl ... -
Market Power in the Spanish Electricity Auction
Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (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 ... -
Reform of Spain's profesional services market: Implementation of the EU Services Directive
Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz ; Zurimendi Isla, Aitor (FUNCAS, 2014-07)
The implementation of the European Commission Services Directive initiated the modernization process of services markets within the European Union. The objective was to guarantee the creation of a single market by ensuring ... -
Strategic Behavior and Collusion: An Application to the Spanish Electricity Market
Ciarreta Antuñano, Aitor; Gutiérrez Hita, Carlos (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 ... -
The Impact of Regulation on Pricing Behavior in the Spanish Electricity Market
Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-06)
In this paper we measure the impact of regulatory measures which affected the Spanish electricity wholesale market in the period 2002-2005. Our approach is based on the fact that regulation changes firms' incentives and ...