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Now showing items 151-156 of 156
A Measure of Gender Wage Discrimination at Quantiles
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
The literature provides several scalar measures of gender wage discrimination that cannot identify whether discrimination is greater among high earners or among low earners. Furthermore, two populations may exhibit the ...
A factor model of seasonality in stock returns
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
Most empirical evidence on stock market seasonality is based on the Dummy Variable Approach (DVA). Typically, the DVA leaves too much variability of stock returns unexplained and inference usually leads to weak or null ...
The Weekend-Dividend Effect in the Spanish Market
(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, ...
An Alternative View of the US Price-Dividend Ratio Dynamics
(2014-12)
As a necessary condition for the validity of the present value model, the price-dividend ratio must be stationary. However, significant market episodes seem to provide
evidence of prices significantly drifting apart from ...
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 ...
Personal identity. A theoretical and experimental analysis
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2009)
This paper aims to analize the role of personal identity in altruism. To this end, it starts by reviewing critically the growing literature on economics and identity. Considering the ambiguities that the concept of social ...