Now showing items 1-13 of 13

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      A factor model of seasonality in stock returns 

      Gardeazabal, Javier; Regúlez Castillo, Marta (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      Most empirical evidence on stock market seasonality is based on the Dummy Variable Approach (DVA). Typically, the DVA leaves too much variability of stock returns unexplained and inference usually leads to weak or null ...
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      A Measure of Gender Wage Discrimination at Quantiles 

      Gardeazabal, Javier; Ugidos Olazabal, Arantza (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
      The literature provides several scalar measures of gender wage discrimination that cannot identify whether discrimination is greater among high earners or among low earners. Furthermore, two populations may exhibit the ...
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      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 ...
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      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 ...
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      Linguistic Polarization and Conflict in the Basque Country 

      Gardeazabal, Javier (University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-12)
      This paper investigates the relationship between linguistic polarization and conflict in the Basque Country. During the 40 years of Franco’s dictatorship the use of the Basque language was banned. Therefore, there may be ...
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      Methods for Measuring Aggregate Costs of Conflict 

      Gardeazabal, Javier (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 ...
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      More on Identification on Detailed Wage Decompositions 

      Gardeazabal, Javier; Ugidos Olazabal, Arantza (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-04)
      Wage decompositions are often used to decompose wage differentials of two demographic groups into differences in characteristics and differences in returns to those characteristics. The later part is used as an estimate ...
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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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      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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      Terrorism and the World Economy 

      Abadie, Alberto; Gardeazabal, Javier (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
      It has been argued that terrorism should not have a large effect on economic activity, because terrorist attacks destroy only a small fraction of the stock of capital of a country (see, e.g., Becker and Murphy, 2001). In ...
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      The Economic Cost of Armed Conflict 

      Gardeazabal, Javier; Vega Bayo, Ainhoa (2016-12-13)
      This paper estimates the distribution of the effect of armed conflict on real GDP per capita and investment. For each conflict, we construct a synthetic control from a set of conflict-free countries that closely resembles ...
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      The Weekend-Dividend Effect in the Spanish Market 

      Gardeazabal, Javier; Regúlez Castillo, Marta (University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-06)
      In this paper we develop an econometric test of a corollary of the irrelevance of the dividend policy principle, namely, that the rescheduling of dividends does not affect the market valuation of the firm. In particular, ...