Now showing items 41-60 of 149

    • Thumbnail

      Endogenous fisheries management in a stochastic model: Why do fishery agencies use TAC 

      Da Rocha, José María; Gutiérrez Huerta, María José (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 ...
    • Thumbnail

      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 ...
    • Thumbnail

      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 ...
    • Thumbnail

      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 ...
    • Thumbnail

      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 ...
    • Thumbnail

      Fiscal Policy and Economic Stability: Does PIGS stand for Procyclicality In Government Spending? 

      Claeys, Peter; Maravalle, Alessandro (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 ...
    • Thumbnail

      Forecasting accuracy of behavioural models for participation in the arts 

      Ateca Amestoy, Victoria María; Prieto Rodríguez, Juan (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 ...
    • Thumbnail

      Full Implementation of Rank Dependent Prizes 

      Midjord, Rune (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 ...
    • Thumbnail

      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 ...
    • Thumbnail

      Group size and decision rules in legislative bargaining 

      Miller Moya, Luis Miguel; Vanberg, Christoph (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 ...
    • Thumbnail

      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 ...
    • Thumbnail

      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 ...
    • Thumbnail

      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 ...
    • Thumbnail

      How much efficiency gains and price reductions for an efficiency defense? 'Quanto Basta' 

      Fabrizi, Simona; Lippert, Steffen (University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
      Potential efficiency gains due to a merger can be used by competition authorities to judge upon proposed mergers. In a world where agents’ efforts, observable or unobservable, affect the success of a production cost reducing ...
    • Thumbnail

      Immigrants Responsiveness to Labor Market Conditions 

      Amuedo Dorantes, Catalina; De la Rica Goiricelaya, Sara (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-05)
      Using data from the Spanish Labor Force Survey (Encuesta de Población Activa) from 1999 through 2004, we explore the role of regional employment opportunities in explaining the increasing immigrant flows of recent years ...
    • Thumbnail

      Income Taxation and Growth in an OLG Economy: Does Aggregate Uncertainty Play any Role? 

      Echevarría Olave, Cruz Ángel; Iza Padilla, María Amaya (2013-12-18)
      We analyze the effects of capital income taxation on long-run growth in a stochastic, two-period overlapping generations economy. Endogenous growth is driven by a positive externality of physical capital in the production ...
    • Thumbnail

      Individual notions of distributive justice and relative economic status 

      Barr, Abigail; Burns, Justine; Miller Moya, Luis Miguel; Shaw, Ingrid (University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-09)
      We present two experiments designed to investigate whether individuals’ notions of distributive justice are associated with their relative (within-society) economic status. Each participant played a specially designed ...
    • Thumbnail

      Inequality for Wage Earners and Self-Employed: Evidence from Panel Data 

      Albarrán, Pedro; Carrasco, Raquel; Martínez Granado, María Teresa (University of the Basque Country, Department of Foundations of Economic Analysis II, 2007-03)
      In this paper we study the evolution of income inequality for employees and self-employed workers. We highlight the importance of separately analyze these different sources of income to gain a broader understanding of ...
    • Thumbnail

      INTERPOL's surveillance network in curbing transnational terrorism 

      Gardeazabal, Javier; Sandler, Todd (2014-10-23)
      This paper investigates the role that INTERPOL surveillance – the Mobile INTERPOL Network Database (MIND) and the Fixed INTERPOL Network Database (FIND) – played in the War on Terror since its inception in 2005. MIND/FIND ...
    • Thumbnail

      Is there a Phillips Curve in the US and the EU15 Countries? An empirical investigation 

      Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-08)
      This paper studies the comovement between output and inflation in the EU15 countries. Following den Haan (2000), I use the correlations of VAR forecast errors at different horizons in order to analyze the output-inflation ...