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Emergence of Cooperation in Heterogeneous Population: A Discrete-Time Replicator Dynamics Analysis
(Departamento de Fundamentos del Análisis Económico I, 2013-12)
The emergence of cooperation is analyzed in heterogeneous populations where individuals can be classified in two groups according to their phenotypic appearance. Phenotype recognition is assumed for all individuals: ...
Rationing Rules and Stable Coalition Structures
(Departamento de Fundamentos del Análisis Económico I, UPV/EHU, 2016-10-05)
We consider a coalition formation model in which agents have the possibility of forming part of several coalitions but are limited to participate in only one of them. Coalitions of agents produce outputs to be
distributed ...
Altruism and Social Integration
(2009)
We report on a two-stage experiment in which i) we first elicit the social network within a section of undergraduate students and ii) we then measure their altruistic attitudes by means of a standard Dictator game. We ...
Learning in Network Games
(Departamento de Fundamentos dle Análisis Económico I, 2012-11-23)
We report the findings of an experiment designed to study how people learn and make decisions in network games. Network games offer new opportunities to identify learning rules, since
on networks (compared to e.g. random ...
Valuing Flexibility: The case of an Integrated Gasification Combined Cycle Power Plant
(2005-10)
In this paper we analyze the valuation of options stemming from the flexibility in an Integrated Gasification Combined Cycle (IGCC) Power Plant. First we use as a base case the opportunity to invest in a Natural Gas Combined ...
Monte Carlo Valuation of natural gas investments
(2006-07)
This paper deals with the valuation of energy assets related to natural gas. In particular, we evaluate a baseload Natural Gas Combined Cycle (NGCC) power plant and an ancillary instalation, namely a Liquefied Natural Gas ...
Should Owners of Firms Delegate Long-run Decisions?
(1999-11)
This paper analyzes whether owners of firms have incentives to delegate their long-run decisions to managers or not. The result arising from our analysis shows that owners do have incentives to keep their long-run decisions ...
Income risk of EU coal-fired power plants after Kyoto
(2008-10)
Coal-fired power plants may enjoy a significant advantage relative to gas plants in terms of cheaper fuel cost. Still, this advantage may erode or even turn into disadvantage depending on CO2 emission allowance price. This ...
Mergers in Durable Goods Industries
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
This paper is concerned with the study of durability as an aspect of competition and market structure that contributes to determining the incentives for mergers. We find that relative to the incentives in industries that ...
Royalty Licensing
(2009-09)
A patent provides its holder the monopolist´s right to sell licenses that allow the use of new technology. Empirically, most of the patent licensing agreements that are observed include royalties, in particular per unit ...