UB Economics (ERE): Recent submissions
Now showing items 81-100 of 460
Growth and externalities across economies : an empirical analysis using spatial econometrics
Recent theoretical models of economic growth have emphasised the role of external effects on the accumulation of factors of production. Although most of the literature has considered the externalities across firms within ...
Specialisation in Europe and asymmetric shocks: potential risks of EMU
Most optimistic views, based on Optimum Currency Areas (OCA) literature, have concluded that the probability of asymmetric shocks to occur at a national level will tend to diminish in the Economic and Monetary Union (EMU)as ...
The Role of Trade in the Structural Transformations of South Korea and the United Kingdom
[cat] El comerç internacional en béns agrícoles té el potencial d'accelerar la transformació estructural dels països amb baixa productivitat agrícola perquè els dóna la possiblitat d'importar aliments. L'objectiu d'aquest ...
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 ...
Valoración de credit default swaps: una aplicación del modelo de Hull-White al mercado español
En este trabajo se presenta una aplicación empírica del modelo de Hull-White (2000) al mercado de renta fija español. Este modelo proporciona la expresión por el cálculo de los pagos hechos por el comprador de un ...
Heterogeneous discounting in consumption-investment problems. Time consistent solutions
[cat] En aquest treball s'analitza un model estocàstic en temps continu en el que l'agent decisor descompta les utilitats instantànies i la funció final amb taxes de preferència temporal constants però diferents. En aquest ...
Ownership structure and innovation: Is there a real link?
This work focuses on the study of the relationship between ownership and control structure of the company and its innovative activity. Its aim consists of analysing the role that may be played by determinants within the ...
The geography of innovation: the effects of university research
Applied studies on the relationship between geography and technological innovation for United States, Germany, France and Italy have shown the positive effects that academic research exerts on the innovate output of firms ...
New Estimates of Regional GDP in Spain, 1860-1930
This paper presents a new regional database on GDP in Spain for the years 1860, 1900, 1914 and 1930. Following Geary and Stark (2002), country level GDP estimates are allocated across Spanish provinces. The results are ...
Quantitative reduction in retirement benefits by the 2011 Spanish Social Security reform
[spa] El objetivo de este trabajo es analizar el efecto de la reciente reforma de la Seguridad Social en la prestación pública de jubilación. Las principales medidas que han afectado al cálculo de la prestación son: 1) ...
Fiber deployment in Spain [WP]
Next generation access networks will be critical for future economic growth and access to these infrastructures will have major consequences for territorial and social cohesion. This paper examines the economic and regulatory ...
The mean-variance model from the inverse of the variance-covariance matrix
En este artículo, a partir de la inversa de la matriz de varianzas y covarianzas se obtiene el modelo Esperanza-Varianza de Markowitz siguiendo un camino más corto y matemáticamente riguroso. También se obtiene la ecuación ...
Access by Capacity and Peak-Load Pricing
Several European telecommunications regulatory agencies have recently introduced a fixed capacity charge (flat rate) to regulate access to the incumbent's network. The purpose of this paper is to show that the optimal ...
A territorial model of commuting in Catalonia, 1986-1996
Commuting consists in the fact that an important fraction of workers in developed countries do not reside close to their workplaces but at long distances from them, so they have to travel to their jobs and then back home ...
Auction theory, sequential local service privatization, and the effects of geographical scale economies on effective competition
A sequential weakly efficient two-auction game with entry costs, interdependence between objects, two potential bidders and IPV assumption is presented here in order to give some theoretical predictions on the effects of ...
Una extensión de la regresión propuesta por Geweke y Porter-Hudak para la estimación del orden de diferenciación en modelos ARFIMA
Recientemente, ha aumentado mucho el interés por la aplicación de los modelos de memoria larga a variables económicas, sobre todo los modelos ARFIMA. Sin duda , el método más usado para la estimación de estos modelos en ...
Price transmission and market power analysis in the Spanish seafood market chain
[cat] Espanya és un dels principals mercats de productes pesquers d’Europa i del món. El consum de productes pesquers ha estat tradicionalment molt important a Espanya, el 2005 es varen consumir 36,7 kg per persona (MAPA, ...
