Browsing DFAEII by Subject "MICROECONOMICS"
Now showing items 21-35 of 35
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Merging to License: Internal vs. External Patentee
(2003-01)In this paper, we endogenize the decision of a research laboratory that owns a patented process innovation on whether to remain independent as an external patentee or to merge with a manufacturing firm, becoming an internal ... -
Methods for Measuring Aggregate Costs of Conflict
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-09)This paper reviews the methods for measuring the economic cost of conflict. Estimating the economic costs of conflict requires a counterfactual calculation, which makes this a very difficult task. Social researchers have ... -
Moral Hazard and the Internal Organization of Joint Research
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-06)This paper analyzes the impact of agency problems on two entrepreneurs’ choice whether to carry out a stand-alone or a joint project. A joint project can be conducted by a single or both entrepreneurs’ research units, which ... -
Non-Stationary Demand in a Durable Goods Monopoly
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-01)In a context where demand for the services of a durable good changes over time, and this change may be uncertain, the paper shows that social welfare may be higher when the monopolist seller can commit to any future price ... -
On the strategic equivalence of multiple-choice test scoring rules
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-12)A disadvantage of multiple-choice tests is that students have incentives to guess. To discourage guessing, it is common to use scoring rules that either penalize wrong answers or reward omissions. These scoring rules are ... -
Optimal Correction for Guessing in Multiple-Choice Tests
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2007-12)Building on Item Response Theory we introduce students’ optimal behavior in multiple-choice tests. Our simulations indicate that the optimal penalty is relatively high, because although correction for guessing discriminates ... -
Product Differentiation with Consumer Arbitrage
(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 ... -
Reform of Spain's profesional services market: Implementation of the EU Services Directive
(FUNCAS, 2014-07)The implementation of the European Commission Services Directive initiated the modernization process of services markets within the European Union. The objective was to guarantee the creation of a single market by ensuring ... -
Resale in Auctions with Financial Constraints
(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 ... -
Roaming in the Mobile Internet: when coverage sharing agreements call for regulation
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-06)We examine competition in Mobile Internet services, when operators bargain over the coverage sharing and their reciprocal roaming charge. Results show that in equilibrium operators cover the overall territory entirely and ... -
Social Interactions and Subjective Well-Being: Evidence from Latin America
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-11)In this paper, we seek to examine the effect of comparisons and social capital on subjective well-being. Furthermore, we test if, through social influence and exposure, social capital is either an enhancer or appeaser of ... -
The role of personal involvement and responsibility in dictatorial allocations: A classroom experiment
(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 ... -
Unions, Monetary Shocks and the Labour Market Cycle
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-02)This paper provides a new growth model by considering strategic behaviour in the supply of labour. Workers form a labour union with the aim of manipulating wages in their own benefit. We analyse the implications on labor ... -
Unraveling Public Good Games: The Role of Priors
(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 ... -
Vertical Differentiation and Entry Deterrence: A Reconsideration
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-01)In this work we emphasize why market coverage should be considered endogenous for a correct analysis of entry deterrence in vertical differentiation models and discuss the implications of this endogeneity for that analysis. ...