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Valuing Flexibility: The case of an Integrated Gasification Combined Cycle Power Plant 

Abadie, Luis María; Chamorro Gómez, José Manuel (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 ...
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Do experimental subjects favor their friends? 

Brañas Garza, Pablo; Durán, Miguel A.; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-06)
Ideally we would like subjects of experiments to be perfect strangers so that the situation they face at the lab is not just part of a long run interaction. Unfortunately, it is not easy to reach those conditions and ...
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Mas-Colell, Whinston and Green Versus Scitovsky on Profit and Utility Maximization 

Ormazabal Sánchez, Kepa Mirena (2005)
I contrast the theoretical foundation of profit maximization of Mas-Colell, Whinston and Green’s “Microeconomics” against that provided by Scitovsky in a paper of 1943. Whereas Mas-Colell, Whinston and Green try to show ...
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On the strategic equivalence of multiple-choice test scoring rules 

Espinosa Alejos, María Paz; Gardeazabal, Javier (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-12)
A disadvantage of multiple-choice tests is that students have incentives to guess. To discourage guessing, it is common to use scoring rules that either penalize wrong answers or reward omissions. These scoring rules are ...
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Vertical Differentiation and Entry Deterrence: A Reconsideration 

Beloki, Lander; Usategui Díaz de Otalora, José María (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-01)
In this work we emphasize why market coverage should be considered endogenous for a correct analysis of entry deterrence in vertical differentiation models and discuss the implications of this endogeneity for that analysis. ...
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The role of personal involvement and responsibility in dictatorial allocations: A classroom experiment 

Brañas Garza, Pablo; Durán, Miguel A.; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-08)
This paper explores the motivations behind giving. Specifically, it focuses on personal involvement and responsibility to explain why decision makers give positive amounts in dictatorial decisons. The experiment is designed ...

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AuthorEspinosa Alejos, María Paz (3)Brañas Garza, Pablo (2)Durán, Miguel A. (2)Abadie, Luis María (1)... View MoreDepartamento (cas.)Fundamentos del análisis económico II (4)Fundamentos del análisis económico I (2)Economía financiera II (1)Departamento (eus.)Ekonomia analisiaren oinarriak II (4)Ekonomia analisiaren oinarriak I (2)Finantza ekonomia II (1)Subject
MICROECONOMICS (6)
ECONOMICS, ECONOMETRICS AND FINANCE (4)MATHEMATICAL AND QUANTITATIVE METHODS (4)FINANCIAL ECONOMICS (1)... View MoreDate Issued
2005 (6)
Language(ISO)
eng (6)

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