Now showing items 1-20 of 22

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      A Fundamental Contradiction in Keynes' Conception of Income 

      Ormazabal Sánchez, Kepa Mirena (2003-02)
      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 ...
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      Absorbing Sets in Coalitional Systems 

      Iñarra García, María Elena; Kuipers, Jerome; Olaizola Ortega, María Norma (2001-12)
      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 ...
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      Adam Smith on Capital and Income 

      Ormazabal Sánchez, Kepa Mirena (2002-02)
      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 ...
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      Choice of Product Variety for the Durable Goods Monopolist 

      Casado Izaga, Francisco Javier; Saracho de la Torre, Ana Isabel (1999-01)
      This paper analyzes the strategic choice of variety by a monopolist seller of a durable good as a means to mitigate his commitment problem. The monopolist chooses his product variety with a goal of ensuring that a strong ...
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      Consumption-Leisure Trade-offs and Persistency in Business Cycles 

      Barañano Mentxaka, Ilaski; Moral Zuazo, María Paz (2007)
      This paper studies whether nonseparabilities between consumption and leisure may help to explain the observed persistence in GNP growth. We consider an extended version of Lucas' (1988) human capital investment model that ...
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      Dornbusch and Fischer on Capital and Income 

      Ormazabal Sánchez, Kepa Mirena (2002-05)
      In this paper I critically analyze the relationship that professors Dornbusch and Fischer establish among the concepts of GNP, NNP and aggregate income. In principle, aggregate income is NNP; indeed, the whole point of ...
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      Economic Integration and Privatization of Publicly-owned Firms 

      Bárcena Ruiz, Juan Carlos; Garzón San Felipe, María Begoña (2001-12)
      [EN] We analyse in this paper whether it should be the government of each country that decides whether to privatise a publicly-owned firm (non integration) or whether a supra-national authority should decide whether ...
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      Environmental Policy in Unionized Industries 

      Campo Corredera, María Luz (2001-10)
      [EN] This paper focuses on the effects of environmental policy over the perfomance of firms and workers, when there is local pollution. We assume that the government chooses the environmental policy announcing an upper ...
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      Environmental Standards, Wage Incomes and the Location of Polluting Firms 

      Bárcena Ruiz, Juan Carlos; Garzón San Felipe, María Begoña (2000-03)
      The purpose of this paper is to study how the choice of environmental standards by governments is affected by the existence of wage incomes when firms' location is endogenous. In developed countries labor is unionized, ...
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      Fishing Technology and Optimal Distribution of Harvest Rates 

      Escapa García, Marta; Prellezo, Raúl (1999-06)
      In this paper we analyze the optimal management of a joint ownership fishery exploitation model where agents use different fishing gears. As opposed to other works, we consider a model in which the fishing technology affects ...
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      International Trade and Strategic Privatization 

      Bárcena Ruiz, Juan Carlos; Garzón San Felipe, María Begoña (2001-03)
      The literature on mixed oligopoly does not consider that there is strategic interaction between governments when they decide whether to privatize their public firms. In order to analyze this quetion we consider two countries; ...
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      Mixed Duopoly, Merger and Multiproduct Firms 

      Bárcena Ruiz, Juan Carlos; Garzón San Felipe, María Begoña (2000-07)
      The literature on mergers has extensively analyzed the decision to merge by private firms but it has not considered the decision to merge by private and public firms. We assume that when a private firm and a public firm ...
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      Mixed Oligopoly and Environmental Policy 

      Bárcena Ruiz, Juan Carlos; Garzón San Felipe, María Begoña (2001-02)
      The literature on mixed oligopoly does not consider the role that the environmental policy of the government plays on the decision whether to privatize public firms. Assuming that there are one public firm and n private ...
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      On the strategic choice of spatial price policy: the role of the pricing game rules 

      Aguirre Pérez, Iñaki; Martín Arroyuelos, Ana María (2001-02)
      In this paper, whe show that the strategic choice of spatial price policy under duopoly crucially depends on the rules of price competition. Thisse and Vives (1988) show that spatial price discrimination is a dominant ...
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      Output dynamics in an endogenous growth model 

      Barañano Mentxaka, Ilaski; Moral Zuazo, María Paz (2003-07)
      The aim of this paper is to analyze whether endogenous growth RBC models are consistent with two stylized facts about U.S. output dynamics. First, GNP growth is positively correlated in the short run and it has a weak ...
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      Product Differentiation with Consumer Arbitrage 

      Aguirre Pérez, Iñaki; Espinosa Alejos, María Paz (2003-03)
      We analyze the consequences of consumers behavior concerning personal arbitrage in a spatial discrimination context where firms know the consumers distribution but cannot distinguish them by location. The firms' equilibrium ...
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      Quesnay and Leontief on Capital and Income 

      Ormazabal Sánchez, Kepa Mirena (2002-03)
      I analyze Quesnay's explanation of the "Tableau Economique" of 1766 in order to show that he made a clear distinction between capital and income. In holding this distinction, Quesnay rejected the nowadays currently accepted ...
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      Should firms allow workers to participate in R&D investment? 

      Campo Corredera, María Luz (1999-10)
      [EN] This paper analyzes if the introduction of new technologies in unionized firms, should be chosen unilaterally by the firm or negotiated with the union. The results show that firms prefer to choose the level of R&D or ...
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      Should Owners of Firms Delegate Long-run Decisions? 

      Bárcena Ruiz, Juan Carlos; Casado Izaga, Francisco Javier (1999-11)
      This paper analyzes whether owners of firms have incentives to delegate their long-run decisions to managers or not. The result arising from our analysis shows that owners do have incentives to keep their long-run decisions ...
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      Syncronized or Staggered Wage Bargaining 

      Bárcena Ruiz, Juan Carlos; Campo Corredera, María Luz (1999-02)
      [EN] This paper analyzes the timing of wage bargaining in a unionized market, assuming that workers are organized in independent unions. In equilibrium, when unions decide the timing of the negotiations, we obtain a staggered ...