BackBrowsing Documentos de Trabajo e Informes Técnicos by Title
Now showing items 428-447 of 451
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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 ... -
Understanding the ex-ante cost of liquidity in the limit order book: A note
Martínez Sedano, Miguel Ángel; Rubio Irigoyen, Gonzalo; Tapia, Mikel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-01)
This paper estimates a new measure of liquidity costs in a market driven by orders. It represents thecost of simultaneously buying and selling a given amount of shares, and it is given by a single measure of ex-ante liquidity ... -
Unemployment rates and population changes in Spain
Echevarría Olave, Cruz Ángel; Eguía Peña, María Begoña (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
This paper discusses the long run effect of changes in the age distribution of Spanish population on the unemployment rate, disaggregated by sex and age segments in the light of cointegration theory given the non stationarity ... -
Unilateral vs. Bilateral link-formation: Bridging the gap
Olaizola Ortega, María Norma; Valenciano Llovera, Federico (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
Chica Páez, Yolanda; Espinosa Alejos, María Paz (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 ... -
Unions, Monetary Shocks and the Labour Market Cycle
Fernández de Córdoba, Gonzalo; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)
This paper provides a new growth model by considering strategic behaviour in the supply of labour. Workers form a labour union with the aim of manipulating wages in their own benefit. We analyse the implications on labor ... -
Unraveling Public Good Games: The Role of Priors
Brañas Garza, Pablo; Espinosa Alejos, María Paz (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 ... -
Using discrete choice experiments for environmental valuation
Hoyos Ramos, David (2010)
This paper provides with a review of the state of the art of environmental valuation with discrete choice experiments (DCE). The growing body of literature on this field serves to emphasise the increasing role that DCE are ... -
Using network mesures to test evolved NK-landscapes
Santana Hermida, Roberto; ; (2012)
In this paper we empirically investigate which are the structural characteristics that can help to predict the complexity of NK-landscape instances for estimation of distribution algorithms. To this end, we evolve instances ... -
Valoración de la garantía de los planes de pensiones en España
Chamorro Gómez, José Manuel (2004-09)
Algunas reformas de la Seguridad Social animan u obligan a los individuos a pasar desde un sistema de pensiones con prestación definida gestionado públicamente a otro de aportación definida gestionado privadamente. Con ... -
Valuing environmental impacts of coastal development projects: a choice modelling application in Spain
Hoyos Ramos, David; Riera Micaló, Pere; Fernández Macho, Francisco Javier ; Gallastegui Zulaika, María Carmen; García, Dolores (2008)
Developmental monetary benefits of coast artificialisation projects are rarely confronted with the environmental benefits that its conservation may entail. As a consequence, policy-makers often face decision making processes ... -
Valuing Flexibility: The case of an Integrated Gasification Combined Cycle Power Plant
Abadie, Luis María; Chamorro Gómez, José Manuel (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 ... -
Vertical Differentiation and Entry Deterrence: A Reconsideration
Beloki, Lander; Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-01)
In this work we emphasize why market coverage should be considered endogenous for a correct analysis of entry deterrence in vertical differentiation models and discuss the implications of this endogeneity for that analysis. ... -
Voting and expressing dissatisfaction: an experiment during the 2017 French Presidential election
Laruelle, Annick (Departamento de Fundamentos del Análisis Económico I, UPV-EHU, 2018-02-21)
This paper reports an experiment realised with 850 electors during the 2017 French presidential election. It tested a ballot di¤erent from the official one. Instead of voting for a unique candidate, participants were asked ... -
Wage differentials between Permanent and Temporal Contracts: Further Evidence
De la Rica Goiricelaya, Sara; Felgueroso, Florentino (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-02)
The main objective of this paper is to estimate wage differentials between permanent and temporal workers for different qualification levels and decompose such differentials to see which factors contribute more to explain ... -
Wage differentials between permanent and temporary workers: Firm and occupational segregation
De la Rica Goiricelaya, Sara (University of the Basque Country, Department of Foundations of Economic Analysis II, 2003)
The main issue of this paper is to measure the impact of segregation of workers with fixed-term contracts into low-paying firms and low-paying occupations within the same firm to explain wage gaps between these workers and ... -
Wavelet multiple correlation and cross-correlation: A multiscale analysis of euro zone stock markets
Fernández Macho, Francisco Javier (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 ...