UB Economics (ERE): Envíos recientes
Mostrando ítems 121-140 de 460
Endogenous growth with capital in R&D production functions
[eng] In this paper we claim that capital is as important in the production of ideas as in the production of final goods. Hence, we introduce capital in the production of knowledge and discuss the associated problems arising ...
Sectoral markups, factor substitution and factor-augmenting technical progress
We measure sectoral price markups, elasticities of substitution between capital and labor, and rates of factor-augmenting technical change in the United States from 1947 to 2010. Our approach utilizes the user cost of ...
Prices of medicines: a case-study on the impact of the rate-of-return regulation in the United Kingdom
[eng] This work carries out an empirical evaluation of the impact of the main mechanism for regulating the prices of medicines in the UK on a variety of pharmaceutical price indices. The empirical evidence shows that the ...
Sustainability and adequacy of the Spanish pension system after the 2013 reform: a microsimulation analysis [WP]
Concerns about the consequences of demographic ageing on the sustainability of the pension system has led to the adoption of reforms reducing pension expenditure. However, the impact of these reforms on pension adequacy ...
Some optimization and decision problems in proportional reinsurance [WP]
Reinsurance is one of the tools that an insurer can use to mitigate the underwriting risk and then to control its solvency. In this paper, we focus on the proportional reinsurance arrangements and we examine several ...
Self-Financing Education, Borrowing Constraints, Government Policies, and Economic Growth
We analyze how public policies for self-financing education, public fund for loans and deferred deductibility of education expenses, affect growth in an overlapping generations economy where individuals can be borrowing- ...
On the interplay between speculative bubbles and productive investment [WP]
The aim of this paper is to study the interplay between long term productive investments and more short term and liquid speculative ones. A three-period lived overlapping generations model allows us to make this distinction. ...
Security strategies and equilibria in multiobjetives matrix games
Multiobjective matrix games have been traditionally analyzed from two different points of view: equiibrium concepts and security strategies. This paper is based upon the idea that both players try to reach equilibrium ...
Delegation with a Reciprocal Agent [WP]
We consider a model in which a principal may delegate the choice of a project to a better informed agent. The preferences of the agent and the principal about which project should be undertaken can be discordant. Moreover, ...
On the monotonic core
The monotonic core of a cooperative game with transferable utility (T.U.-game) is the set formed by all its Population Monotonic Allocation Schemes. In this paper we show that this set always coincides with the core of a ...
Continuous-time Optimal Pension Indexing in Pay-as-You-Go Systems
Ageing population and economic crisis have placed pay-as-you-go pension systems in need of mechanisms to ensure its financial stability. In this paper, we consider optimal indexing of pensions as an instrument to cope with ...
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 ...
(Uncontrolled) Aggregate shocks or vertical tax interdependence? Evidende from gasoline and cigarettes [WP-ERE]
[cat] Besley i Rosen -1998- van ser els primers autors en estimar empíricament la rellevància de les externalitats impositives verticals. Aquests autors varen fer-ho per al cas dels impostos sobre la benzina i el tabac, ...
Herramientas estadísticas para el estudio de perfiles de riesgo
En este documento se ilustra de un modo práctico, el empleo de tres instrumentos que permiten al actuario definir grupos arancelarios y estimar premios de riesgo en el proceso que tasa la clase para el seguro de no vida. ...
Non-constant discounting in finite horizon: The free terminal time case
This paper derives the HJB (Hamilton-Jacobi-Bellman) equation for sophisticated agents in a finite horizon dynamic optimization problem with non-constant discounting in a continuous setting, by using a dynamic programming ...
Symmetrically multilateral-bargained allocations in multi-sided assignment markets
[cat] Aquest treball tracta d’extendre la noció d’equilibri simètric de negociació bilateral introduït per Rochford (1983) a jocs d’assignació multilateral. Un pagament corresponent a un equilibri simètric de negociación ...
Population Size and Civil Conflict Risk: Is There A Causal Link?
[spa] La estimación del impacto del tamaño de la populación sobre la probabilidad de conflicto civil se complica por el sesgo de endogeneidad y las variables omitidas. Este artículo trata el problema de causalidad utilizando ...
On the dimension of the core of the assignment game
The set of optimal matchings in the assignment matrix allows to define a reflexive and symmetric binary relation on each side of the market, the equal-partner binary relation. The number of equivalence classes of the ...
On the Industry Specificity of Human Capital and Business Cycles
We define specific -general- human capital as the set of occupations whose use is spread in a limited -wide- set of industries. Using the EU Labor Force Survey database, we identify these human capital types and analyze ...
Single-valued solutions for the Böhm-Bawerk horse market game
Single-valued solutions for the case of two-sided market games without product differentiation, also known as Böhm-Bawerk horse market games, are analyzed. The nucleolus is proved to coincide with the tau-value, and is ...
