Search
Now showing items 1-7 of 7
Doubly fractional models for dynamic heteroskedastic cycles
(2011-02)
Strong persistence is a common phenomenon that has been documented not only in the levels but also in the volatility of many time series. The class of doubly fractional models is extended to include the possibility of long ...
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 ...
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 ...
Wavelet multiple correlation and cross-correlation: A multiscale analysis of euro zone stock markets
(2011-06)
Statistical studies that consider multiscale relationships among several variables use wavelet correlations and cross-correlations between pairs of variables. This procedure needs to calculate and compare a large number ...
Network formation under institutional constraints
(2011-05)
We study the effects of institutional constraints on stability, efficiency and network formation. An exogenous "societal cover" consisting of a collection of possibly overlapping subsets covering the set of players specifies ...
Minority Language and the Stability of Bilingual Equilibria
(2011)
We investigate a society with two official languages: A, shared by all individuals and B, spoken by a bilingual mirority. Thus, it is only B that needs t increase its population share, and therefore, only the language ...
Time-Varying Beta Estimators in the Mexican Emerging Market
(2011)
This paper compares the performance of three different time-varying betas that have never
previously been compared: the rolling OLS estimator, a nonparametric estimator and an
estimator based on GARCH models. The study ...