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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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A Supply Function Competition Model for the Spanish Wholesale Electricity Market 

Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
We model the Spanish wholesale market as a multiplant linear supply function competition model. According to the theory, the larger generators should have supply curves for each plant which are to the left of the supply ...
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Optimal Correction for Guessing in Multiple-Choice Tests 

Espinosa Alejos, María Paz; Gardeazabal, Javier (University of the Basque Country, Department of Foundations of Economic Analysis II, 2007-12)
Building on Item Response Theory we introduce students’ optimal behavior in multiple-choice tests. Our simulations indicate that the optimal penalty is relatively high, because although correction for guessing discriminates ...
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Product Differentiation with Consumer Arbitrage 

Aguirre Pérez, Iñaki; Espinosa Alejos, María Paz (2003-03)
We analyze the consequences of consumers behavior concerning personal arbitrage in a spatial discrimination context where firms know the consumers distribution but cannot distinguish them by location. The firms' equilibrium ...
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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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Union Formation and Bargaining Rules in the Labor Market 

Chica Páez, Yolanda; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-03)
This paper analyzes union formation in a model of bargaining between a firm and several unions. We address two questions: first, the optimal configuration of unions (their number and size) and, second, the impact of the ...
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Market Power in the Spanish Electricity Auction 

Ciarreta Antuñano, Aitor; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)
We use hourly bid data from the Spanish day-ahead electricity auction to obtain a lower bound measure of generators' market power. Our method is not based on cost estimates but rather on the different behavior of strategic ...
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Altruism in the (Social) Network 

Brañas Garza, Pablo; Cobo Reyes, Ramón; Espinosa Alejos, María Paz; Jiménez, Natalia; Ponti, Giovanni (University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-11)
This paper explores the role of social integration on altruistic behavior. To this aim, we develop a two-stage experimental protocol based on the classic Dictator Game. In the first stage, we ask a group of 77 undergraduate ...
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Endogenous Unions Formation 

Chica Páez, Yolanda; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-12)
This paper analyzes the process of endogenous union formation in the context of a sequential bargaining model between a firm and several unions and tries to explain why workers may be represented by several unions of ...
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Altruism with Social Roots: An Emerging Literature 

Brañas Garza, Pablo; Espinosa Alejos, María Paz (University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-11)
This paper analyzes the emerging literature on the determinants of giving within a social network. We propose two main explanatory variables for previous experimental results on the friendship effect. The first is social ...
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Espinosa Alejos, María Paz (14)
Brañas Garza, Pablo (6)Chica Páez, Yolanda (2)Ciarreta Antuñano, Aitor (2)... View MoreDepartamento (cas.)Fundamentos del análisis económico II (14)Economía financiera II (2)Fundamentos del análisis económico I (2)Economía aplicada III (Econometría y Estadística) (1)Departamento (eus.)Ekonomia analisiaren oinarriak II (14)Ekonomia analisiaren oinarriak I (2)Finantza ekonomia II (2)Ekonomia aplikatua III (ekonometria eta estatistika) (1)SubjectECONOMICS, ECONOMETRICS AND FINANCE (12)MICROECONOMICS (8)MATHEMATICAL AND QUANTITATIVE METHODS (7)INDUSTRIAL ORGANIZATION (3)... View MoreDate Issued2009 (3)2007 (1)2006 (2)2005 (6)2003 (1)2002 (1)Language(ISO)
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