Now showing items 1-16 of 16

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      An austerity-driven energy reform 

      Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2013-12)
      In July 2013, the government approved a major overhaul of the Spanish electricity sector to correct existing imbalances that have led to an exponential increase of regulated electricity costs and a huge tariff deficit. The ...
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      Can the change in the composition of the US GDP explain the Great Moderation? A test via oil price shocks 

      Maravalle, Alessandro (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      The paper investigates whether the growing GDP share of the services sector can contribute to explain the great moderation in the US. We identify and analyze three oil price shocks and use a SVAR analysis to measure their ...
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      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 ...
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      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 ...
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      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 ...
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      Lessons from the northern hake long-term management plan: Could the economic assessment have accepted it? 

      Da Rocha, José María; Gutiérrez Huerta, María José (University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-01)
      An economic expert working group (STECF/SGBRE-07-05) was convened in 2007 for evaluating the potential economic consequences of a Long-Term Management Plan for the northern hake. Analyzing all the scenarios proposed by ...
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      Optimal overall emissions taxation in durable goods oligopoly 

      Sagasta Elorza, Amagoia; Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      We analyze optimal second-best emission taxes in a durable good industry under imperfect competition. The analysis is performed for three different types of emissions and for situations where the good is rented, sold or ...
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      Pulse vs. Optimal Stationary Fishing: The Northern Stock of Hake 

      Da Rocha, José María; Gutiérrez Huerta, María José; Taboada Antelo, Luis (University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-11)
      Pulse fishing may be a global optimal strategy in multicohort fisheries. In this article we compare the pulse fishing solutions obtained by using global numerical methods with the analytical stationary optimal solution. ...
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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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      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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      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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      The Evaluation of Fisheries Management: A Dynamic Stochastic Approach 

      Gutiérrez Huerta, María José; Da Rocha, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-03)
      In this article, we analyze how to evaluate fishery resource management under “ecological uncertainty”. In this context, an efficient policy consists of applying a different exploitation rule depending on the state of the ...
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      The Optimality of the Common Fisheries Policy: the Northern Stock of Hake 

      Gutiérrez Huerta, María José; Da Rocha, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      We evaluate the management of the Northern Stock of Hake during 1986-2001. A stochastic bioeconomic model is calibrated to match the main features of this fishing ground. We show how catches, biomass stock and profits ...
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      The role of the terms of trade in the trade channel of transmission of oil price shocks 

      Maravalle, Alessandro (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-12)
      This paper highlights the role of the terms of trade in the trade channel of propagation of oil price shocks both empirically and theoretically. Empirically, I show that oil price shocks have a large, persistent and ...
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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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      Why Economists Reject Long-Term Fisheries Management Plans? 

      Da Rocha, José María; Gutiérrez Huerta, María José (University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-08)
      Most fisheries agencies conduct biological and economic assessments independently. This independent conduct may lead to situations in which economists reject management plans proposed by biologists. The objective of this ...