BackBrowsing Documentos de Trabajo e Informes Técnicos by Title
Now showing items 412-431 of 451
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The von Neumann-Morgenstern stable sets for 2x2 games
Iñarra García, María Elena
; Larrea Jaurrieta, María Concepción ; Saracho de la Torre, Ana Isabel (Departamento de Fundamentos del Análisis Económico IDepartamento de Economía Aplicada IV, 2012-11)
We analyze the von Neumann and Morgenstern stable sets for the mixed extension of 2 2 games when only single profitable deviations are allowed. We show that the games without a strict Nash equilibrium have a unique vN&M ... -
The Weekend-Dividend Effect in the Spanish Market
Gardeazabal, Javier; Regúlez Castillo, Marta (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-06)
In this paper we develop an econometric test of a corollary of the irrelevance of the dividend policy principle, namely, that the rescheduling of dividends does not affect the market valuation of the firm. In particular, ... -
Time discounting (delta) and pain anticipation: Experimental evidence
Brañas Garza, Pablo; Espinosa Alejos, María Paz; Repollés Pro, María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-11)
This paper deals with pain anticipation experienced before medical procedures. Our experimental results show that individuals with lower discount factors are more prone to suffer pain in advance. We provide a framework to ... -
Time Variation in an Optimal Asymmetric Preference Monetary Policy Model
Cassou, Steven P.; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
This paper considers a time varying parameter extension of the Ruge-Murcia (2003, 2004) model to explore whether some of the variation in parameter estimates seen in the literature could arise from this source. A time ... -
Time-dependent outside option in an alternating offers bargaining model
Rubio Peña, Jesús Ángel (1997)
In this work I consider an alternating offers bargaining model in which a time-dependent outside option is introduced. The purpose of this work is to analyze relationships between S.P.E. utility pairs induced by such a ... -
Time-Varying Beta Estimators in the Mexican Emerging Market
Nieto Domenech, Belén; ; Zárraga Alonso, Ainhoa (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 ... -
Timing of Wage Setting when Firms Invest in R&D
; Campo Corredera, María Luz (2003-12)
In this paper, we analyze the effect that the timing of wage setting (i. e. whether wages set sequentially or simultaneously) has on the investment in R&D of firms, when that investment increases the productivity of labor, ... -
To appove or not to approve: this is not the only question
Rodríguez Alcantud, José Carlos; Laruelle, Annick (2012)
This paper deals with electing candidates. In elections voters are frequently offered a small set of actions (voting in favor of one candidate, voting blank, spoiling the ballot, and not showing up). Thus voters can ... -
To disqualify or not to qualify: This is the other question
Rodríguez Alcantud, José Carlos; Laruelle, Annick (Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2016-10-10)
In this paper we study ternary trichotomous rules, that allows for three levels of input, positive, neutral and negative and three levels of output, positive, undetermined and negative. We illustrate the interest of such ... -
Towards a participatory integrated assessment approach for planning and managing Natura 2000 network sites
Etxano Gandariasbeitia, Iker; ; ; Hoyos Ramos, David ; ; ; Lozano Valencia, Pedro José (Basque Centre for Climate Change/Klima Aldaketa Ikergai, 2012-10)
Managing protected areas implies dealing with complex social-ecological systems where multiple dimensions (social, institutional, economic and ecological) interact over time for the delivery of ecosystem services. ... -
Transboundary Externalities in the Environmental Transition Hypothesis
Ansuategui Cobo, José Alberto; Perrings, Charles (1999-01)
The Environmental Kuznets Curve (EKC) is a hypothesis which implies that it is possible to "grow out of environmental degradation." Most theoretical models of the EKC relation have not accounted for transboundary and ... -
Travellers' Types
Brañas Garza, Pablo; Espinosa Alejos, María Paz; Rey Biel, Pedro (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 ... -
Trend analysis in two standard growth models
Restrepo Ochoa, Sergio I.; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-07)
This paper analyzes the trend processes characterized by two standard growth models using simple econometrics. The first model is the basic neoclassical growth model that postulates a deterministic trend for output. The ... -
Turnout Intention and Social Networks
Fosco, Constanza; Laruelle, Annick; Sánchez, Angel (2009-06)
How can networking affect the turnout in an election? We present a simple model to explain turnout as a result of a dynamic process of formation of the intention to vote within Erdös-Renyi random networks. Citizens have ... -
Two-part tariff licensing mechanisms
San Martín Lizarralde, Marta; Saracho de la Torre, Ana Isabel (Departamento de Fundamentos del Análisis Económico I, UPV-EHU, 2012-06)
Most of the patent licensing agreements that are observed include royalties, in particular per-unit or ad valorem royalties. This paper shows that in a differ entiated duopoly that competes á la Cournot the optimal ... -
Two-Stage Nonparametric Regression for Longitudinal Data
Ferreira García, María Eva; Núñez Antón, Vicente Alfredo ; Rodríguez Poo, Juan M. (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 ... -
Uncertainty and Real Options. Investment and Development of Fishing Resources (I)
(2000-01)[EN] The valuation of development opportunity of a fishery is made particularly difficult by the high degree of uncertainty attaching to the price of the fishing resource. The net-present-value and other discounted cash-flows ... -
Uncertainty and Real Options. Investment and Development of Fishing Resources (II)
(2000-01)[EN] The irreversibility of the investment expenditures in a fishery and the high degree of uncertainty attaching to the price of the fishing resources make the evaluation of investment opportunity in a fishery particularly ... -
Understanding Tariff Deficit and its Challenges
Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2013-01)
Regulators and market participants have become increasingly concerned about the Spanish electricity tariff deficit due to its size and the difficulties to control its growth. The deficit can be traced to inefficiencies in ...