Browsing Biltoki by Title
Now showing items 120 of 104

A Fundamental Contradiction in Keynes' Conception of Income
(200302)I contend that Keynes provides two contradictory definitions of aggregate income. According to the first definition, which is the dominant in Keynes as well as the standard in current Macroeconomics, the full value of ... 
A note on LopezHernandez procedure: New nonhierarchical algorithms in classification of data
(200003)[EN] In this short note, we make a critique about the procedure developed in the Inductive Algorithm in the Objects of LopezHernandez (1997). It is well known that the determination of maximal cliques in a graph is an ... 
A note on the implementation of the BFCMSMIP algorithm in C++ by using COINOR as an optimization engine
(2010)The aim of this technical report is to present some detailed explanations in order to help to understand and use the algorithm Branch and Fix Coordination for solving MultiStage Mixed Integer Problems (BFC MSMIP). We have ... 
A Note on Wavelet Correlation and Cointegration
(201311)In a recent paper LeongHuang:2010 {Journal of Applied Statistics 37, 215–233} proposed a waveletcorrelationbased approach to test for cointegration between two time series. However, correlation and cointegration are ... 
A parallelizable algorithmic framework for solving large scale multistage stochastic mixed 01 problems under uncertainty
(201102)In this paper we present a parallelizable scheme of the BranchandFix Coordination algorithm for solving medium and large scale multistage mixed 01 optimization problems under uncertainty. The uncertainty is represented ... 
A Semiparametric Estimation of Liquidity Effects on Option Pricing
(199909)This paper proposes a semiparametric option pricing model with liquidity, as proxied by the relative bidask spread. The nonparametric volatility function with liquidity as an explanatory variable is estimated using the ... 
A Simple Model of Anticompetitive Vertical Integration
(200301)The result of neutrality of vertical integration for competition postulated by the Chicago School can be supported by a benchmark model with (1) an upstream monopolist, (2) homogeneous goods downstream and (3) observable ... 
A time varying coefficient model for panel data: Foreign Direct Investment in European OECD countries
(200704)The present article reexamines some of the issues regarding the KnowledgeCapital Model that encompasses both horizontal and vertical Foreign Direct Investment described in detail in the literature. The empirical support ... 
A twostage stochastic integer programming approach
(2005)We present an algorithmic approach for solving twostage stochastic mixed 01 problems. The first stage constraints of the Deterministic Equivalent Model have 01 variables and continuous variables. The approach uses the ... 
Absorbing Sets in Coalitional Systems
(200112)The purpose of this paper is twofold: First, to present an approach and a solution for analyzing the stability of coalition structures: We define a coalitional system (a set and a binary relation on that set) that explains ... 
Adam Smith on Capital and Income
(200202)In this paper I critically analyze Smith's thesis in book I, chapter 6 of the "Wealth of Nations" that the replacement of the capital goods consumed in production becomes fully income. I argue that Smith’s argument is ... 
Analysis of Length of Time Spent in Chapter 11 Bankruptcy
(200101)This paper investigates original issuers of high yield bonds in Chapter 11 bankruptcy to determine which factors affect the length of time spent in Chapter 11. In order to do this analysis we propose a flexible new duration ... 
Analysis of the relationship between International Immigration and Unemployement
(200010)[EN] The relationship between the unemployment and the international immigration is getting interest while the differences between poor and rich countries are stressed. The poor countries offer cheap work force to occupy ... 
Analysis of volatility transmissions in integrated and interconnected markets: The case of the Iberian and French markets
(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) ... 
Análisis descriptivo de la población ocupada en la CAPV (19931999)
(2003)El presente trabajo realiza el análisis descriptivo de la población ocupada en la economía de la CAPV, en el período 19931999. Dicho análisis se lleva a cabo con el objeto de comparar la población ocupada con estudios ... 
Análisis descriptivo del desempleo en la CAPV (19931999)
(2003)El presente trabajo realiza el análisis descriptivo de la población parada y, posteriormente la que está buscando empleo en la CAPV, en el período 19931999. El interés se centra en observar si estamos ante un paro de larga ... 
Application of the Analysis Cluster in the economic environment. A study of the neighborhoods of Donostia
(200010)[EN] We try to study the quality of life in Donostia, in the sense that we want to study the relationship that can exist among those inhabitants of the housings and the structure of the same ones. We will attempt to look ... 
Bayesian learning in misspecified models
(200002)A central unanswered question in economic theory is that of price formation in disequilibrium. This paper lays down the methodological groundwork for a model that has been suggested as an answer to this question (Arrow, ... 
Benchmarking of patents: An application of GAM methodology
(200704)The present article reexamines some of the issues regarding the benchmarking of patents using the NBER data base on U.S. patents by generalizing a parametric citation model and by estimating it using GAM methodology. The ... 
Choice experiment study on the willingness to pay to improve
(200906)Modern forms of energy are an important vehicle towards poverty alleviation in rural areas of developing countries. Most developing countries’ households heavily rely on wood fuel which impact their health and social–economic ...