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Admissible Hierachic Sets
(2005-05)
In this paper we present a solution concept for abstract systems called the admissible hierarchic set. The solution we propose is a refinement of the hierarchic solution, a generalization of the von Neumann and Morgenstern ...
The Supercore for Normal Form Games
(2003-10)
We study the supercore of a system derived from a normal form game. For the case of a finite game with pure strategies, we define a sequence of games and show that the supercore of that system coincides with the set of ...
Discriminating by Tagging: Artificial Distinction, Real Discrimination
(2011-02-08)
We introduce a new variation of the hawk-dove game suggested by an experiment that studies the behavior of a group of domestic fowls when a subgroup has been marked. Speci cally we consider a population formed by two types ...
Consumption-Leisure Trade-offs and Persistency in Business Cycles
(2007)
This paper studies whether nonseparabilities between consumption and leisure may help to explain the observed persistence in GNP growth. We consider an extended version of Lucas' (1988) human capital investment model that ...
Individual notions of distributive justice and relative economic status
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-09)
We present two experiments designed to investigate whether individuals’ notions of distributive justice are associated with their relative (within-society) economic status. Each participant played a specially designed ...
Group size and decision rules in legislative bargaining
(2014-03-17)
We conduct experiments to investigate the effects of different majority requirements on bargaining outcomes in small and large groups. In particular, we use a Baron-Ferejohn protocol and investigate the effects
of decision ...
Computing abuse related damages in the case of new entry: An illustration for the Directory Enquiry Services market
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-07)
A number of European countries, among which the UK and Spain, have opened up their Directory Enquiry Services (DQs, or 118AB) market to competition. We analyse the Spanish case, where both local and foreign firms challenged ...
A new solution for the roommate problem: The Q-stable matchings
(Departamento de Fundamentos del Análisis Económico I, 2014-09-16)
The aim of this paper is to propose a new solution for the roommate problem with strict preferences. We introduce the solution of maximum irreversibility and consider almost stable matchings (Abraham et al. [2])and maximum ...
Does the Term Spread play a role in the FED's reaction function? An Empirical Investigation
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of a Fed’s reaction function (FRF) that (i) allows for the presence of switching regimes, (ii) considers the
long-short term ...
The Comovement between Monetary and Fiscal Policy Instruments during the Post-War Period in the U.S.
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-04)
This paper empirically studies the dynamic relationship between monetary and fiscal policies by analyzing the comovements between the Fed funds rate and the primary deficit/output ratio. Simple economic thinking establishes ...