Now showing items 93-112 of 149

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      R&D Policy in Economies with Endogenous Growth and 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, 2007-10)
      The aim of this paper is to analyze how active R&D policies affect the growth rate of an economy with endogenous growth and non-renewable resources. We know from Scholz and Ziemens (1999) and Groth (2006) that in infinitely ...
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      Reconciling yield stability with international fisheries agencies precautionary preferences: the role of non constant discount factors in age structured models 

      Da Rocha, José María; García-Cutrín, Javier; Gutiérrez Huerta, María José; Touza, Julia (2015)
      International fisheries agencies recommend exploitation paths that satisfy two features. First, for precautionary reasons exploitation paths should avoid high fishing mortality in those fisheries where the biomass is ...
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      Reference Points and Optimal Management in Stochastic Age-Structured Fisheries Models 

      Da Rocha, José María; Gutiérrez Huerta, María José (University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-07)
      The purpose of this article is to characterize dynamic optimal harvesting trajectories that maximize discounted utility assuming an age-structured population model, in the same line as Tahvonen (2009). The main novelty of ...
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      Reference Points Based on Dynamic Optimisation: A Versatil Algorithm for Mixed Fishery Management with Bio-economic Agestructured Models 

      Da Rocha, José María; Gutiérrez Huerta, María José; Cerviño, Santiago (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      Single-species management objectives may not be consistent within mixed fisheries. They may lead species to unsafe situations, promote discarding of over-quota and/or misreporting of catches. We provide an algorithm for ...
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      Reform of Spain's profesional services market: Implementation of the EU Services Directive 

      Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz; Zurimendi Isla, Aitor (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 ...
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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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      Roaming in the Mobile Internet: when coverage sharing agreements call for regulation 

      Fabrizi, Simona; Wertlen, Bruno (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 ...
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      Second-best tax policy in a growing economy with externalities 

      Cassou, Steven P.; Gorostiaga Alonso, Miren Arantzazu; Gutiérrez Huerta, María José; Hamilton, Stephen F. (University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-10)
      This paper investigates the exploitation of environmental resources in a growing economy within a second-best scal policy framework. Agents derive utility from two types of consumption goods one which relies on an ...
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      Selectivity, pulse fishing and endogenous lifespan in Beverton-Holt models 

      Da Rocha, José María; Gutiérrez Huerta, María José; Antelo, Luis T. (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      Optimal management in a multi-cohort Beverton-Holt model with any number of age classes and imperfect selectivity is equivalent to finding the optimal fish lifespan by chosen fallow cycles. Optimal policy differs in two ...
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      Should Fiscal Policy be different in a Non-Competitive Framework? 

      Gorostiaga Alonso, Miren Arantzazu (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-07)
      This paper studies if imperfections in the labor market justify a different fiscal policy. We present a dynamic general equilibrium model with a Ramsey planner deciding about public spending, labor taxes and debt. Two ...
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      Skill premium effects on fertility and female labor force supply 

      Iza Padilla, María Amaya; Ferrero Martínez, Dolores (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      In the last twenty years the United States has seen a positive relationship between female labor supply and total fertility rates, which differs from the pattern observed over the preceding years. We construct a general ...
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      Smiling under stochastic volatility 

      León, Angel; Rubio Irigoyen, Gonzalo (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      This paper studies the behavior of the implied volatility function (smile) when the true distribution of the underlying asset is consistent with the stochastic volatility model proposed by Heston (1993). The main result ...
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      Social Housing under Oligopoly 

      Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-03)
      In this paper it is shown that the setting up of a social housing system may decrease the total number of houses built in the market, induce a price of non-social houses greater than the price of houses without that system ...
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      Social Interactions and Subjective Well-Being: Evidence from Latin America 

      Ateca Amestoy, Victoria María; Cortés Aguilar, Alexandra; Moro-Egido, Ana I. (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 ...
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      Social Security, Education, Retirement and Growth 

      Iza Padilla, María Amaya; Echevarría Olave, Cruz Ángel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-02)
      In this paper we analyze the effects of social security policies in an unfunded, earnings-related social security system on the incentives to education investment and voluntary retirement, on growth and on income inequality. ...
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      Strategic Behavior and Collusion: An Application to the Spanish Electricity Market 

      Ciarreta Antuñano, Aitor; Gutiérrez Hita, Carlos (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
      The paper has two major contributions to the theory of repeated games. First, we build a supergame oligopoly model where firms compete in supply functions, we show how collusion sustainability is affected by the presence ...
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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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      Strategic Votes and Sincere Counterfactuals 

      Artabe Echevarria, Alaitz; Gardeazabal, Javier (2013-11-07)
      The Random Utility Model (RUM) of voting behavior can account for strategic voting by making use of proxy indicators that measure voter incentives to vote strategically. The contribution of this paper is to propose a new ...
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      Switching Equilibria: The Present Value Model for Stock Prices Revisited 

      Gutiérrez Huerta, María José; Vázquez Pérez, Jesús (2002-07)
      This paper analyzes the different dynamic features displayed by alternative RE equilibria and how these features change for small perturbations of the dividend process parameters. Using historical US data and structural ...
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      Switching Regimes in the Term Structure of Interest Rates During U.S. Post-War: A case for the Lucas proof equilibrium? 

      Vázquez Pérez, Jesús (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-08)
      Farmer (1991) suggests that in a model in which there are multiple rational expectations (RE) equilibria agents may find it useful to coordinate their expectations in a unique RE equilibrium which is immune to the Lucas ...