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A Marginalist Model of Network Formation
Olaizola Ortega, María Norma
; Valenciano Llovera, Federico (Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2016-08-18)
We develop a network-formation model where the quality of a link depends on the amount invested in it and is determined by a link-formation "technology" , an increasing strictly concave function which is the only exogenous ... -
Human Capital and Market Size
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU I, 2016-07)This paper studies how the size of the labour market aff ects workers' decision to invest in human capital. We consider a model of mismatch where firms rank workers according to their level of skills. The matching process ... -
Rationing Rules and Stable Coalition Structures
Gallo Fernández, Oihane; Iñarra García, María Elena (Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2016-10-05)
We consider a coalition formation model in which agents have the possibility of forming part of several coalitions but are limited to participate in only one of them. Coalitions of agents produce outputs to be distributed ... -
Do Mayoritarian Electoral Rules Favour Larger Industries in the Economy
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2016)Electoral rules translate votes into seats on different basis. Politicians respond differently to alternative electoral rules, and consequently, economic performance is expected to vary across rules. This paper empirically ...