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Altruism in the (Social) Network
(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 ...
Unemployment rates and population changes in Spain
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
This paper discusses the long run effect of changes in the age distribution of Spanish population on the unemployment rate, disaggregated by sex and age segments in the light of cointegration theory given the non stationarity ...
Is a Small Monte Carlo Analysis a Good Analysis? Checking the Size, Power and Consistency of a Simulation-Based Test
(Springer, 2002)
In this paper we study the relationship between the number of
replications and the accuracy of the estimated quantiles of a distribution
obtained by simulation. A method for testing hypotheses on the quantiles
of a ...
Life Expectancy, Schooling Time and Endogenous Growth
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)
I analyze how changes in life expectancy affect retirement age, education time, and growth rates of economies. I set up a continuous time, overlapping generations model of endogenous growth with externalities in human ...
On the strategic equivalence of multiple-choice test scoring rules
(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 ...
Terrorism and the World Economy
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-10)
It has been argued that terrorism should not have a large effect on economic activity, because terrorist attacks destroy only a small fraction of the stock of capital of a country (see, e.g., Becker and Murphy, 2001). In ...
Going Multinational under Exchange Rate Uncertainty
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-02)
A domestic exporting firm faces exchange rate uncertainty and has the option to install capacity abroad, thus becoming multinational. We analyze when the firm should exercise such an option optimally in the context of a ...
Optimal Correction for Guessing in Multiple-Choice Tests
(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 ...
Mixed Duopoly, Merger and Multiproduct Firms
(2000-07)
The literature on mergers has extensively analyzed the decision to merge by private firms but it has not considered the decision to merge by private and public firms. We assume that when a private firm and a public firm ...
Mixed Oligopoly and Environmental Policy
(2001-02)
The literature on mixed oligopoly does not consider the role that the environmental policy of the government plays on the decision whether to privatize public firms. Assuming that there are one public firm and n private ...