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Now showing items 41-45 of 45
A note on bargaining power and managerial delegation in multimarket oligopolies
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012-11)
In a two-stage delegation game model with Nash bargaining between a manager and an owner, an equivalence result is found between this game and Fershtman and Judd's strategic delegation game (Fershtman and Judd, 1987). ...
Entry into motherhood: The effect of wages
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2007-04)
Using the ECHP, we explored the determinants of having the first child in Spain. Our main goal was to study the relation between female wages and the decision to enter motherhood. Since the offered wage of non-working women ...
A factor model of seasonality in stock returns
(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 ...
An Alternative View of the US Price-Dividend Ratio Dynamics
(2014-12)
As a necessary condition for the validity of the present value model, the price-dividend ratio must be stationary. However, significant market episodes seem to provide
evidence of prices significantly drifting apart from ...
The Relevance of Relative Position in Ultimatum Games
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2014)
This paper investigates the effect of focal points and initial relative position
in the outcome of a bargaining process. We conduct two on-line experiments.
In the first experiment we attempt to replicate Güth, Huck and ...