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Now showing items 31-40 of 155
Can the change in the composition of the US GDP explain the Great Moderation? A test via oil price shocks
(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 ...
Reference Points Based on Dynamic Optimisation: A Versatil Algorithm for Mixed Fishery Management with Bio-economic Agestructured Models
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
Single-species management objectives may not be consistent within mixed fisheries. They may lead species to unsafe situations, promote discarding of over-quota and/or misreporting of catches. We provide an algorithm for ...
Reconciling yield stability with international fisheries agencies precautionary preferences: the role of non constant discount factors in age structured models
(2015)
International fisheries agencies recommend exploitation paths that satisfy two features. First, for precautionary reasons exploitation paths should avoid high fishing mortality in those fisheries where the biomass is ...
An austerity-driven energy reform
(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 ...
Democratic Values Transmission
(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 ...
Understanding Tariff Deficit and its Challenges
(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 ...
Consumer Expertise or Credit Risk? An empirical analysis of mortgage pricing
(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 ...
Resale in Auctions with Financial Constraints
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)
This paper analyzes auctions where bidders face nancial constraints that may force
them to resell part of the property of the good (or subcontract part of a project) at
a resale market. First we show that the ine¢ cient ...
Moral cleansing and moral licenses: experimental evidence
(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 ...
Product Differentiation with Consumer Arbitrage
(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 ...