Now showing items 21-29 of 29

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      Resale in Auctions with Financial Constraints 

      De Frutos, María Ángeles; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      This paper analyzes auctions where bidders face nancial constraints that may force them to resell part of the property of the good (or subcontract part of a project) at a resale market. First we show that the ine¢ cient ...
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      Strategic Interaction and Conventions 

      Espinosa Alejos, María Paz; Kovarik, Jaromir; Ponti, Giovanni (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-06)
      The scope of the paper is the literature that employs coordination games to study social norms and conventions from the viewpoint of game theory and cognitive psychology. We claim that those two alternative approaches are ...
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      The Impact of Regulation on Pricing Behavior in the Spanish Electricity Market 

      Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-06)
      In this paper we measure the impact of regulatory measures which affected the Spanish electricity wholesale market in the period 2002-2005. Our approach is based on the fact that regulation changes firms' incentives and ...
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      The role of personal involvement and responsibility in dictatorial allocations: A classroom experiment 

      Brañas Garza, Pablo; Durán, Miguel A.; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-08)
      This paper explores the motivations behind giving. Specifically, it focuses on personal involvement and responsibility to explain why decision makers give positive amounts in dictatorial decisons. The experiment is designed ...
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      Time discounting (delta) and pain anticipation: Experimental evidence 

      Brañas Garza, Pablo; Espinosa Alejos, María Paz; Repollés Pro, María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-11)
      This paper deals with pain anticipation experienced before medical procedures. Our experimental results show that individuals with lower discount factors are more prone to suffer pain in advance. We provide a framework to ...
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      Travellers' Types 

      Brañas Garza, Pablo; Espinosa Alejos, María Paz; Rey Biel, Pedro (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010)
      This paper uses subjects’ self-reported justifications to explain discrepancies between observed heterogeneous behavior and the unique equilibrium prediction in a one-shot traveler’s dilemma experiment (TD). Principal ...
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      Understanding Tariff Deficit and its Challenges 

      Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2013-01)
      Regulators and market participants have become increasingly concerned about the Spanish electricity tariff deficit due to its size and the difficulties to control its growth. The deficit can be traced to inefficiencies in ...
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      Union Formation and Bargaining Rules in the Labor Market 

      Chica Páez, Yolanda; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-03)
      This paper analyzes union formation in a model of bargaining between a firm and several unions. We address two questions: first, the optimal configuration of unions (their number and size) and, second, the impact of the ...
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      Unraveling Public Good Games: The Role of Priors 

      Brañas Garza, Pablo; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)
      This paper provides experimental evidence on how players predict end game effects in a linear public good game. Our regression analysis yields a measure of the relative importance of priors and signals on subjects\' beliefs ...