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Now showing items 21-30 of 155
Merging to License: Internal vs. External Patentee
(2003-01)
In this paper, we endogenize the decision of a research laboratory that owns a patented process innovation on whether to remain independent as an external patentee or to merge with a manufacturing firm, becoming an internal ...
A Simple Model of Anticompetitive Vertical Integration
(2003-01)
The result of neutrality of vertical integration for competition postulated by the Chicago School can be supported by a benchmark model with (1) an upstream monopolist, (2) homogeneous goods downstream and (3) observable ...
Education and the dynamics of family decisions
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-04)
This paper investigates the extent to which a biased transmission of educational endowments affects fertility. To this end, we devise a version of Becker’s family decision model that takes preference change into account. ...
Reference Points and Optimal Management in Stochastic Age-Structured Fisheries Models
(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 ...
Why Economists Reject Long-Term Fisheries Management Plans?
(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 ...
Moral Hazard and the Internal Organization of Joint Research
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-06)
This paper analyzes the impact of agency problems on two entrepreneurs’ choice whether to carry out a stand-alone or a joint project. A joint project can be conducted by a single or both entrepreneurs’ research units, which ...
The Evaluation of Fisheries Management: A Dynamic Stochastic Approach
(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 ...
Selectivity, pulse fishing and endogenous lifespan in Beverton-Holt models
(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 ...
Full Implementation of Rank Dependent Prizes
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
A manager/mechanism designer must allocate a set of money
prizes ($1, $2, .., $n) between n agents working in a team. The agents know
the state i.e. who contributed most, second most, etc. The agents' prefer-
ences over ...
Competitive Pressure and Job Interview Lying: A Game Theoretical Analysis
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
We consider a job contest in which candidates go through
interviews (cheap talk) and are subject to reference checks. We show how
competitive pressure - increasing the ratio of "good" to "bad" type candi-
dates - can ...