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Welfare Effects of Third-Degree Price Discrimination: Ippolito Meets Schmalensee and Varian
(2011-10)
Based on a pioneering work by Ippolito (1980) we construct a simple model wich allows the welfare effects of third-degree price discrimination to be well understood and explained. The decomposition of the change in welfare ...
Endogenous Timing in a Mixed Duopoly: Wighted Welfare and Price Competition
(2011)
In this paper we analyse the endogenous order of moves in a mixed duopoly for differentiated goods. Firms choose whether to set prices sequentially or simultaneously. The private firm maximises profits while the public ...
Long-Term Growth and Persistence with Endogenous Depreciation: Theory and Evidence
(Departamento de Fundamentos dle Análisis Económico I, 2013)
Previous research has shown a strong positive correlation between short-term
persistence and long-term output growth as well as between depreciation rates
and long-term output growth. This evidence, therefore, contradicts ...
Forward-looking Pairwise Stability in Networks with Externalities
(2013)
We consider cooperation situations where players have network relations. Networks evolve according to a stationary transition probability matrix and at each moment in time players receive payoffs from a stationary allocation ...
A monotonic core concept for convex games: The SD-prenucleolus
(Departamento de Fundamentos dle Análisis Económico I, 2013-02-26)
We prove that the SD-prenucleolus satisfies monotonicity in the class of convex games. The SD-prenucleolus is thus the only known continuous core concept that satisfies monotonicity for convex games. We also prove that for ...
The coincidence of the kernel and nucleolus of a convex game: an alternative proof
(2013)
In 1972, Maschler, Peleg and Shapley proved that in the class of convex the nucleolus and the kernel coincide. The only aim of this note is to provide a shorter, alternative proof of this result.
Cost effectiveness of a combination of instruments for global warming: a quantitative approach for Spain
(Springer, 2012-03)
Climate change is an important environmental problem and one whose economic implications are many and varied. This paper starts with the presumption that mitigation of greenhouse gases is a necessary policy that has to be ...
Majoritarian Contests with Asymmetric Battlefields: An Experiment
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2013-12)
We investigate a version of the classic Colonel Blotto game in which individual battles may have different values. Two players allocate a fixed budget across battlefields and each battlefield is won by the player who ...
Consumption and portfolio rules whit stochastic hyperbolic discounting
(Departamento de Fundamentos del Análisis Económico I, 2013-09)
We extend the classic Merton (1969, 1971) problem that investigates the joint consumption-savings and portfolio-selection problem under capital risk by assuming sophisticated but time-inconsistent agents. We introduce ...
Approximate knowledge of rationality and correlated equilibria
(Departamento de fundamentos del análisis económico I, 2012-07-16)
We extend Aumann's [3] theorem deriving correlated equilibria as a consequence of common priors and common knowledge of rationality by explicitly allowing for non-rational behavior. We replace the
assumption of common ...