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Forecasting accuracy of behavioural models for participation in the arts
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012-01)
In this paper, we assess the forecasting performance of count data models applied to arts attendance. We estimate participation models for two artistic activities that differ in their degree of popularity -museum and jazz ...
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 ...
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 ...
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 ...
Optimal Monetary Policy with Asymmetric Preferences for Output
(2012-11-15)
Using a model of an optimizing monetary authority which has preferences
that weigh inflation and unemployment, Ruge-Murcia (2003, 2004) finds empirical
evidence that the authority has asymmetric preferences for ...