Universitat Rovira i Virgili: Recent submissions
Now showing items 61-80 of 384
Flight to Safety from European Stock Markets
This paper investigates flight-to-safety from stocks to bonds in seven European markets. We use quantile regressions to identify flight- to-safety episodes. The simple risk-return trade-off on the stock markets is negative ...
Aglomeración de sectores intensivos en conocimiento: una aproximación intra-urbana
Este trabajo analiza los procesos de aglomeración de sectores intensivos en conocimiento a efectos de determinar la intensidad y el alcance especial de las economías de aglomeración que explican la concentración de ...
Do Software and Videogames firms share location patterns across cities? Evidence from Barcelona, Lyon and Hamburg
The aim of this paper is to analyse common location patterns of Software and Videogames (SVE) industry in Barcelona, Lyon and Hamburg. This is a key industry in developed countries that mainly located at core of bigger ...
Conflict and Competition over Multi-Issues
Real life disputes, negotiations and competitive situations involve multi-issue considerations in which the final outcome depends on the aggregated effort over several dimensions. We consider two allocation systems, the ...
Predicting Bond Betas using Macro-Finance Variables
We predict bond betas conditioning on various macro-finance variables. We explore differences across long-term government bonds, investment grade corporate bonds, and high yield corporate bonds. We conduct out-of-sample ...
Mixed Duopoly in Education with Vouchers
In a mixed duopoly environment, I study under which conditions the introduction of a voucher system for private schools can increase competition and as a result, social welfare. My model considers a market in which schools ...
Determinants of energy efficiency and renewable energy in European SMEs
This paper empirically investigates the factors driving the adoption of energy efficiency (EE) and renewable energy (RE) measures in a sample of 8,213 Small and Medium-Sized Enterprises (SMEs) in European countries. Using ...
Immigrants and Entrepreneurship: a Road for Talent or Just the Only Road?
Casual evidence for some developed countries suggests that most talented migrants become entrepreneurs (positive sorting), but entrepreneurship might also be chosen by less talented migrants who have fewer opportunities ...
Strategic Responses to International Tax Competition: Fiscal (De) Centralization versus Partial Tax Harmonization
This paper analyzes a country’s optimal fiscal strategy among centralization, decentralization, and partial tax harmonization. Countries are asymmetric in productivity levels and characterized by multi-level government ...
Trends in African Migration to Europe: Drivers Beyond Economic Motivations
The current migration and refugee crisis in Europe requires an understanding of the different migration drivers beyond the well-known economic determinants. In this paper, we view migration from a broader human security ...
Creative industries and firm creation: disentangling causal effects through historical cultural associations
In the last decade policy makers and scholars have highlighted creative industries’ capacity to stimulate economic dynamism. However, there is still some debate about the potential effect of reverse causality on this ...
Seasonality Determinants for the Main Markets in Spain
Tourist seasonality consists of an imbalanced tourist activity over the course of the year. This variation has become one of the main problems facing the tourist sector, as it constitutes a major threat to sustainable ...
The Seasonality of Demand in Spanish Tourist Municipalities: Analysis and Determinants
Seasonality in tourism consists of the disequilibrium in tourist numbers over the course of the year and has become one of the main problems for the sustainability and growth of the sector. The aim of this study, given the ...
Asymmetric price adjustments: A supply side approach
Using a model of dynamic price competition, we provide an explanation from the supply side for the well-established observation that output prices react faster in response to input cost increases than to decreases. When ...
Strategic inventories under limited commitment
In a dynamic storable good market where demand changes over time, we investigate the producer's strategic incentives to hold inventories in response to the possibility of buyer stockpiling. The literature on storable goods ...
How public perception towards party (dis)unity a ects the introduction of primaries
Abstract Political parties are increasingly adopting more inclusive candidate selection methods by introducing primary elections. This paper identi es motives of this change, as well as decision makers leading to this ...
Creativity and entrepreneurship: Empirical evidence for Catalonia
In recent years creativity has gained importance because of its potential to generate economic growth based on their role in the innovation processes and economic development. In this regard, this work is twofold. First, ...
Eco-innovation : Spanish service and manufacturing firms
The drivers for the adoption of an eco-innovation strategy have been widely explored in the recent literature but, to date, most of these studies have been carried out on manufacturing industries. Hence, this paper ...
Market Power and Welfare in Asymmetric Divisible Good Auctions
We analyze a divisible good uniform-price auction that features two groups each with a Önite number of identical bidders. At equilibrium the relative market power (price impact) of a group increases with the precision of ...
Resource allocation with warranties in claims problems
The establishing of warranties in order to ensure some minimum awards to each agent involved in an allocation (claims) problem has been analyzed in the body of literature by introducing lower bounds. When focusing on ...
