UB Economics (ERE): Enviaments recents
Ara mostrant els elements 81-100 de 460
Coalitionally monotonic set-solutions for cooperative TU games
A static comparative study on set-solutions for cooperative TU games is carried out. The analysis focuses on studying the compatibility between two classical and reasonable properties introduced by Young (1985) in the ...
Cost-Based Models of Economic Growth
In this paper we highlight the importance of the operational costs in explaining economic growth and analyze how the industrial structure affects the growth rate of the economy. If there is monopolistic competition only ...
Reconstruction of the Regional GDP of Portugal, 1890 – 1980
[cat] Aquest article metodològic ofereix estimacions del PIB per càpita regional de les regions portugueses, entre 1890 i 1980. Aquestes estimacions s’han obtingut seguint la metodologia proposada per (Geary and Stark, ...
The relationship of capitalization period length with market portfolio composition and betas
Beta coefficients are not stable if we modify the observation periods of the returns. The market portfolio composition also varies, whereas changes in the betas are the same, whether they are calculated as regression ...
Rationing problems with payoff thresholds
An extension of the standard rationing model is introduced. Agents are not only identi fied by their respective claims over some amount of a scarce resource, but also by some payoff thresholds. These thresholds introduce ...
Regional income distribution in Mexico: new long-term evidence, 1895-2010
In the last years, Economic History literature has paid close attention to the long-term changes undertaken by regional income inequality in diferent countries after the integration of their domestic markets. Nevertheless, ...
Els Factors competitius de les pimes a Catalunya
El principal objectiu d'aquest estudi és reflectir quins són els principals factors competitius per a les pymes a Catalunya. Per això, es va escollir una mostra de 1000 empreses de diferents sectors i amb els límits que ...
Buy-and-Hold Strategies and Comonotonic Approximations
[cat] En aquest article estudiem estratègies “comprar i mantenir” per a problemes d’optimitzar la riquesa final en un context multi-període. Com que la riquesa final és una suma de variables aleatòries dependents, on ...
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 ...
