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Time-dependent outside option in an alternating offers bargaining model
Rubio Peña, Jesús Ángel
(1997)
In this work I consider an alternating offers bargaining model in which a time-dependent outside option is introduced. The purpose of this work is to analyze relationships between S.P.E. utility pairs induced by such a ... -
Productivity's development in the Basque Economy during the period 1985-1994
(1998-09)[EN] The aim of this paper is to analyse the development of Basque Country's economy's productivity in the period 1985-1994 and, identify which are the factors that decide that evolution. We specify a Cobb-Douglas production ... -
Transboundary Externalities in the Environmental Transition Hypothesis
Ansuategui Cobo, José Alberto; Perrings, Charles (1999-01)
The Environmental Kuznets Curve (EKC) is a hypothesis which implies that it is possible to "grow out of environmental degradation." Most theoretical models of the EKC relation have not accounted for transboundary and ... -
Choice of Product Variety for the Durable Goods Monopolist
Casado Izaga, Francisco Javier; (1999-01)
This paper analyzes the strategic choice of variety by a monopolist seller of a durable good as a means to mitigate his commitment problem. The monopolist chooses his product variety with a goal of ensuring that a strong ... -
Two-Stage Nonparametric Regression for Longitudinal Data
Ferreira García, María Eva; Núñez Antón, Vicente Alfredo ; Rodríguez Poo, Juan M. (1999-01)
In the analysis of longitudinal data it is of main interest to investigate the existence of group and individual effects under correlated observations across time. In this paper, we develop a nonparametric two-step procedure ... -
Syncronized or Staggered Wage Bargaining
; Campo Corredera, María Luz (1999-02)
[EN] This paper analyzes the timing of wage bargaining in a unionized market, assuming that workers are organized in independent unions. In equilibrium, when unions decide the timing of the negotiations, we obtain a staggered ... -
Finite sample behavior of two step estimators in selection models
Fernández Sainz, Ana Isabel; Rodríguez Poo, Juan M.; Villanúa Martín, Inmaculada (1999-04)
The problem of specification errors in sample selection models has received considerable attention both theoretically and empirically. However, very few is known about the finite sample behavior of two step estimators. In ... -
Fishing Technology and Optimal Distribution of Harvest Rates
Escapa García, Marta; Prellezo Iguarán, Raúl (1999-06)
In this paper we analyze the optimal management of a joint ownership fishery exploitation model where agents use different fishing gears. As opposed to other works, we consider a model in which the fishing technology affects ... -
A Semiparametric Estimation of Liquidity Effects on Option Pricing
Ferreira García, María Eva; ; (1999-09)
This paper proposes a semiparametric option pricing model with liquidity, as proxied by the relative bid-ask spread. The nonparametric volatility function with liquidity as an explanatory variable is estimated using the ... -
La Educación Ocupacional y la Salida del Paro en España
(1999-10)[EN] This paper considers the estimation of the effect of vocational education on the probability of employment using Spanish data from the linked Active Population Survey (EPA) since 1992 to 1997. After allowing for ... -
Should firms allow workers to participate in R&D investment?
Campo Corredera, María Luz (1999-10)
[EN] This paper analyzes if the introduction of new technologies in unionized firms, should be chosen unilaterally by the firm or negotiated with the union. The results show that firms prefer to choose the level of R&D or ... -
Should Owners of Firms Delegate Long-run Decisions?
; Casado Izaga, Francisco Javier (1999-11)
This paper analyzes whether owners of firms have incentives to delegate their long-run decisions to managers or not. The result arising from our analysis shows that owners do have incentives to keep their long-run decisions ... -
Optimal Environmental Taxation When Goods and Contamination are Durable
Sagasta Elorza, Amagoia (1999-11)
[EN] This paper analyzes the effects of optimal taxation on a polluting monopolist who produces a durable good and cannot precommit to future sale prices. The government establishes the taxes that maximize social welfare, ... -
Uncertainty and Real Options. Investment and Development of Fishing Resources (II)
(2000-01)[EN] The irreversibility of the investment expenditures in a fishery and the high degree of uncertainty attaching to the price of the fishing resources make the evaluation of investment opportunity in a fishery particularly ... -
Uncertainty and Real Options. Investment and Development of Fishing Resources (I)
(2000-01)[EN] The valuation of development opportunity of a fishery is made particularly difficult by the high degree of uncertainty attaching to the price of the fishing resource. The net-present-value and other discounted cash-flows ... -
Bayesian learning in mis-specified models
(2000-02)A central unanswered question in economic theory is that of price formation in disequilibrium. This paper lays down the methodological groundwork for a model that has been suggested as an answer to this question (Arrow, ... -
A note on Lopez-Hernandez procedure: New non-hierarchical algorithms in classification of data
Garín Martín, María Araceli (2000-03)
[EN] In this short note, we make a critique about the procedure developed in the Inductive Algorithm in the Objects of Lopez-Hernandez (1997). It is well known that the determination of maximal cliques in a graph is an ... -
Environmental Standards, Wage Incomes and the Location of Polluting Firms
; Garzón San Felipe, María Begoña (2000-03)
The purpose of this paper is to study how the choice of environmental standards by governments is affected by the existence of wage incomes when firms' location is endogenous. In developed countries labor is unionized, ... -
Survival Analysis Using a Censored Semiparametric Regression Model
Orbe Lizundia, Jesús María; Ferreira García, María Eva ; Núñez Antón, Vicente Alfredo (2000-04)
In this work we study the effect of several covariates X on a censored response variable T with unknown probability distribution. A semiparametric model is proposed to consider situations where the functional form of the ... -
Comparative Study of Alternatives Analysis of Incomplete Disjunctive Tables
Zárraga Castro, María Amaya; Goitisolo Lezama, Beatriz (2000-05)
[EN] Multiple Correspondence Analysis (MCA) studies the relationship between several categorical variables defined with respect to a certain population. However, one of the main sources of information are those surveys in ...