UB Economics (ERE): Recent submissions
Now showing items 301-320 of 460
An analysis of inflation rates in the European Union using wavelets : strong evidence against unit roots
In this paper we assume inflation rates in European Union countries may in fact be fractionally integrated. Given this assumption, we obtain estimations of the order of integration by means a method based on wavelets ...
Power Indices and Minimal Winning Coalitions in Simple Games with Externalities
We propose a generalization of simple games to sit uations with coalitional externalities. The main novelty of our generalization is a monotonicity property that we define for games in partition function form. This property ...
The Cycle of Rents: a Model of Rational Bull-and-Bear Cycles in an Efficient Market
A widespread misbelief asserts that an efficient market would arbitrage out any cyclical or otherwise partially-predictable, non-random-walk pattern on the observed market prices time series. Hence, when such patterns are ...
The extreme core allocations of the assignment game
Although assignment games are hardly ever convex, in this paper a characterization of their set or extreme points of the core is provided, which is also valid for the class of convex games. For each ordering in the player ...
Trimestralización y conciliación de magnitudes económicas : una ampliación del método Chow-Lin
Una de las herramientas estadísticas más importantes para el seguimiento y análisis de la evolución de la actividad económica a corto plazo es la disponibilidad de estimaciones de la evolución trimestral de los componentes ...
Assessing the assignation of public subsidies: Do the experts choose the most efficient R and D projects? [WP]
[spa] La implementación de un programa de subvenciones públicas a proyectos empresariales de I+D comporta establecer un sistema de selección de proyectos. Esta selección se enfrenta a problemas relevantes, como son la ...
The induced generalized OWA operator (WP)
[spa] Se presenta el operador OWA generalizado inducido (IGOWA). Es un nuevo operador de agregación que generaliza al operador OWA a través de utilizar las principales características de dos operadores muy conocidos como ...
Valuation monotonicity, fairness and stability in assignment problems [WP]
In this paper, we investigate the possibility of having stable rules for twosided markets with transferable utility, that satisfy some valuation monotonicity and fairness axioms. Valuation fairness requires that changing ...
On the nucleolus of 2 x 2 assignment games (WP)
[spa] En este artículo hallamos fórmulas para el nucleolo de juegos de asignación arbitrarios con dos compradores y dos vendedores. Se analizan cinco casos distintos, dependiendo de las entradas en la matriz de asignación. ...
Incentives and promotion in wage hierarchies
Most of the large firms organization schemes consist in hierarchical structures of tiers with different wage levels. Traditionally the existence of this kind of organizations has been associated to the separation of ...
Complements and substitutes in multilateral assignment markets
[cat] En aquest treball provo que, en mercats d’assignació amb més de dos costats, agents de diferents sectors poden no ser complementaris mentre que agents del mateix sector poden no ser substituts. Shapley (1962) va ...
Economics breeds culture
Several recent papers document the influence and long lasting effects of technology on preferences. Simultaneously, cultural factors are often invoked to explain heterogeneity in preferences. These two ideas suggest that ...
The reform of the European Energy Tax Directive reform : effect on prices [WP]
[spa] Para hacer frente a los riesgos relacionados con la contaminación atmosférica, es ampliamente aceptada la necesidad de instrumentos de política encaminados a reducir las emisiones. La intervención tiene por objeto ...
From trade to industry. The wine production sector in the Penedès Denomination of Origin, 1940-2000
[cat] Aquest treball té com a objectiu mostrar el grau en què el sector de la producció de vi a la Denominació d'Origen Penedès ha respost als reptes que s’han plantejat tant en termes de l'oferta (de consolidació i sorgiment ...
Una comparación de la selección de los ratios contables en los modelos contable-financieros de predicción de la insolvencia empresarial : la literatura previa frente al analisis factorial
En los últimos 30 años la proliferación de modelos cuantitativos de predicción de la insolvencia empresarial en la literatura contable y financiera ha despertado un gran interés entre los especialistas e investigadores de ...
Lowering blood alcohol content levels to save lives: A European case study
Road safety has become an increasing concern in developed countries due to the significant amount of fatalities and the associated economic losses. Only in 2005 these losses rose to 200,000 million euros, a considerable ...
Income growth and atmospheric pollution in Spain: an input-output approach
The relationships between economic growth and environmental pressures are complex. Since the early nineties, the debate on these relationships has been strongly influenced by the Environmental Kuznets Curve hypothesis, ...
Induced aggregation operators in decision making with the Dempster-Shafer belief structure
We study the induced aggregation operators. The analysis begins with a revision of some basic concepts such as the induced ordered weighted averaging (IOWA) operator and the induced ordered weighted geometric (IOWG) operator. ...
The determinants of industrial location in Spain, 1856-1929
Durant el segle XIX, l'economia espanyola va transitar per les primeres etapes de la industrialització. Aquest procés es va donar en paral·lel a la integració del mercat domèstic de béns i factors, en un moment en què les ...
Automation and Job Polarization: On the Decline of Middling Occupations in Europe [WP]
Using data from 10 Western European countries, I provide evidence that the fall of prices of information technologies (IT) is associated with a lower share of employment in middle wage occupations and a higher share of ...
