Now showing items 1-20 of 29

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      A Supply Function Competition Model for the Spanish Wholesale Electricity Market 

      Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
      We model the Spanish wholesale market as a multiplant linear supply function competition model. According to the theory, the larger generators should have supply curves for each plant which are to the left of the supply ...
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      Altruism and Social Integration 

      Brañas Garza, Pablo; Cobo Reyes, Ramón; Espinosa Alejos, María Paz; Jiménez, Natalia; Kovarik, Jaromir; Ponti, Giovanni (2009)
      We report on a two-stage experiment in which i) we first elicit the social network within a section of undergraduate students and ii) we then measure their altruistic attitudes by means of a standard Dictator game. We ...
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      Altruism in the (Social) Network 

      Brañas Garza, Pablo; Cobo Reyes, Ramón; Espinosa Alejos, María Paz; Jiménez, Natalia; Ponti, Giovanni (University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-11)
      This paper explores the role of social integration on altruistic behavior. To this aim, we develop a two-stage experimental protocol based on the classic Dictator Game. In the first stage, we ask a group of 77 undergraduate ...
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      Altruism with Social Roots: An Emerging Literature 

      Brañas Garza, Pablo; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-11)
      This paper analyzes the emerging literature on the determinants of giving within a social network. We propose two main explanatory variables for previous experimental results on the friendship effect. The first is social ...
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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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      Are Bar Associations Anticompetitive? An Empirical Analysis of Recommended Prices for Legal Services in Spain 

      Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz; Zurimendi Isla, Aitor (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      The European Commission Report on Competition in Professional Services found that recommended prices by professional bodies have a significant negative effect on competition since they may facilitate the coordination of ...
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      Consumer Expertise or Credit Risk? An empirical analysis of mortgage pricing 

      Barrutia Legarreta, José María; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      Loan mortgage interest rates are usually the result of a bank-customer negotiation process. Credit risk, consumer cross-buying potential, bundling, financial market competition and other features affecting the bargaining ...
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      Democratic Values Transmission 

      Brañas Garza, Pablo; Espinosa Alejos, María Paz; Giritligil, Ayca E. (2013-01)
      This study addresses the issue of intergenerational transmission of democratic values embedded in social choice rules. We focus on a few rules which have been the focus of social choice theory: plurality, plurality with a ...
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      Discounting future pain: Effects on self-reported pain 

      Brañas Garza, Pablo; Espinosa Alejos, María Paz; Repollés Pro, María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-07)
      Empirical results are presented showing that people who acknowledge pain anticipation when expecting an injury experience higher sensitivity to pain (GREP, Robinson et al., 2001). The positive correlation between sensitivity ...
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      Do experimental subjects favor their friends? 

      Brañas Garza, Pablo; Durán, Miguel A.; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-06)
      Ideally we would like subjects of experiments to be perfect strangers so that the situation they face at the lab is not just part of a long run interaction. Unfortunately, it is not easy to reach those conditions and ...
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      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 ...
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      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 ...
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      Market Power in the Spanish Electricity Auction 

      Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
      We use hourly bid data from the Spanish day-ahead electricity auction to obtain a lower bound measure of generators' market power. Our method is not based on cost estimates but rather on the different behavior of strategic ...
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      Moral cleansing and moral licenses: experimental evidence 

      Brañas Garza, Pablo; Bucheli, Marisa; Espinosa Alejos, María Paz; García-Muñoz, Teresa (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      Research on moral cleansing and moral self-licensing has introduced dynamic considerations in the theory of moral behavior. Past bad actions trigger negative feelings that make people more likely to engage in future moral ...
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      On the strategic equivalence of multiple-choice test scoring rules 

      Espinosa Alejos, María Paz; Gardeazabal, Javier (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 ...
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      Optimal Correction for Guessing in Multiple-Choice Tests 

      Espinosa Alejos, María Paz; Gardeazabal, Javier (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 ...
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      Personal identity. A theoretical and experimental analysis 

      Aguiar, Fernando; Brañas Garza, Pablo; Espinosa Alejos, María Paz; Miller Moya, Luis Miguel (University of the Basque Country, Department of Foundations of Economic Analysis II, 2009)
      This paper aims to analize the role of personal identity in altruism. To this end, it starts by reviewing critically the growing literature on economics and identity. Considering the ambiguities that the concept of social ...
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      Product Differentiation with Consumer Arbitrage 

      Aguirre Pérez, Iñaki; Espinosa Alejos, María Paz (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 ...
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      Prosocial norms and degree heterogeneity in social networks 

      Kovarik, Jaromir; Brañas Garza, Pablo; Cobo-Reyes, Ramón; Espinosa Alejos, María Paz; Jiménez, Natalia; Ponti, Giovanni (University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
      We provide empirical evidence to support the claims that social diversity promotes prosocial behavior. We elicit a real-life social network and its members’ adherence to a social norm, namely inequity aversion. The data ...
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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 ...