BackBrowsing DFAEII by Title
Now showing items 34-53 of 149
-
Do experimental subjects favor their friends?
Brañas Garza, Pablo; Durán, Miguel A.; Espinosa Alejos, María Paz
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-06)
Ideally we would like subjects of experiments to be perfect strangers so that the situation they face at the lab is not just part of a long run interaction. Unfortunately, it is not easy to reach those conditions and ... -
Does Immigration Raise Natives’ Income? National and Regional Evidence from Spain
Amuedo Dorantes, Catalina; De la Rica Goiricelaya, Sara (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-04)
How immigration affects the labor market of the host country is a topic of major concern for many immigrant-receiving nations. Spain is no exception following the rapid increase in immigrant flows experienced over the past ... -
Does the Term Spread play a role in the FED's reaction function? An Empirical Investigation
Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of a Fed’s reaction function (FRF) that (i) allows for the presence of switching regimes, (ii) considers the long-short term ... -
Dynamic Inefficiency in an Overlapping Generation Economy with Pollution and Health Costs
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-01)We analyze an overlapping generations model in which pollution arises, in an accumulatively way, from production. Householders do not care directly about the environment, but pollution leads them to incur health costs when ... -
Economic Effects of Global Warming under Stock Growth Uncertainty: The European Sardine Fishery
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2013)Global warming of the oceans is expected to alter the environmental conditions that determine the growth of a fishery resource. Most climate change studies are based on models and scenarios that focus on economic growth, ... -
Education and the dynamics of family decisions
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-04)This paper investigates the extent to which a biased transmission of educational endowments affects fertility. To this end, we devise a version of Becker’s family decision model that takes preference change into account. ... -
Employment comovements at the sectoral level over the business cycle
Cassou, Steven P.; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-12)
This paper extends the technique suggested by den Haan (2000) to investigate contemporaneous as well as lead and lag correlations among economic data for a range of forecast horizons. The technique provides a richer picture ... -
Endogenous fisheries management in a stochastic model: Why do fishery agencies use TAC
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-12)The aim of this paper is to explain under which circumstances using TACs as instrument to manage a fishery along with fishing periods may be interesting from a regulatory point of view. In order to do this, the deterministic ... -
Endogenous Formation of Competing Partnership with Moral Hazard
Espinosa Alejos, María Paz; Macho Stadler, Inés (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-09)
We analyze the formation of partnerships as a sequential choice-of-sizes game with moral hazard within coalitions; once formed, partnerships compete a la Cournot in the marketplace. We show that when moral hazard within ... -
Endogenous Unions Formation
Chica Páez, Yolanda; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-12)
This paper analyzes the process of endogenous union formation in the context of a sequential bargaining model between a firm and several unions and tries to explain why workers may be represented by several unions of ... -
Entry into motherhood: The effect of wages
Ariza, Alfredo; Ugidos Olazabal, Arantza (University of the Basque Country, Department of Foundations of Economic Analysis II, 2007-04)
Using the ECHP, we explored the determinants of having the first child in Spain. Our main goal was to study the relation between female wages and the decision to enter motherhood. Since the offered wage of non-working women ... -
Explosive Hyperinflation, Inflation Tax Laffer Curve and Modelling the use of Money
Gutiérrez Huerta, María José; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-07)
This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two standard optimizing monetary models: a cash-in-advance model and a money in the utility function model. Agents’ preferences ... -
Fiscal Policy and Economic Stability: Does PIGS stand for Procyclicality In Government Spending?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-12)The Financial Crisis has hit particularly hard countries like Ireland or Spain. Procyclical fiscal policy has contributed to a boom-bust cycle that undermined fiscal positions and deepened current account deficits during ... -
Forecasting accuracy of behavioural models for participation in the arts
Ateca Amestoy, Victoria María; (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012-01)
In this paper, we assess the forecasting performance of count data models applied to arts attendance. We estimate participation models for two artistic activities that differ in their degree of popularity -museum and jazz ... -
Full Implementation of Rank Dependent Prizes
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)A manager/mechanism designer must allocate a set of money prizes ($1, $2, .., $n) between n agents working in a team. The agents know the state i.e. who contributed most, second most, etc. The agents' prefer- ences over ... -
Going Multinational under Exchange Rate Uncertainty
Aray, Henry; Gardeazabal, Javier (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-02)
A domestic exporting firm faces exchange rate uncertainty and has the option to install capacity abroad, thus becoming multinational. We analyze when the firm should exercise such an option optimally in the context of a ... -
Group size and decision rules in legislative bargaining
Miller Moya, Luis Miguel; (2014-03-17)
We conduct experiments to investigate the effects of different majority requirements on bargaining outcomes in small and large groups. In particular, we use a Baron-Ferejohn protocol and investigate the effects of decision ... -
Growth in an oil abundant economy: The case of Venezuela
Agnani, Betty; Iza Padilla, María Amaya (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-09)
Venezuela's growth experience over the past fifty years is characterized by a high economic growth rate from 1950 to 1970 and a low economic growth rate in the last thirty years. Although Venezuela is an oil abundant ... -
Growth in Overlapping Generation Economies with Non-Renewable Resources
Agnani, Betty; Gutiérrez Huerta, María José; Iza Padilla, María Amaya (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
Feasibility of positive steady-state growth in overlapping generation (OLG) economies that use non-renewable resources as essential inputs in the production process is analyzed. The model we use is, in essence, that of ... -
How Does the New Keynesian Monetary Model Fit in the U.S. and the Eurozone? an Indirect Inference Approach
María-Dolores, Ramón; Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-05)
This paper estimates a standard version of the New Keynesian monetary (NKM) model under alternative specifications of the monetary policy rule using U.S. and Eurozone data. The estimation procedure implemented is a classical ...