Browsing Economics and Business Working Papers Series by Title

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Browsing Economics and Business Working Papers Series by Title

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  • Canova, Fabio; Paustian, Matthias (2007)
    A method to evaluate cyclical models not requiring knowledge of the DGP and the exact specification of the aggregate decision rules is proposed. We derive robust restrictions in a class of models; use some to identify ...
  • Costain, James S.; Reiter, Michael (2003)
    This paper theoretically and empirically documents a puzzle that arises when an RBC economy with a job matching function is used to model unemployment. The standard model can generate sufficiently large cyclical fluctuations ...
  • Alòs, Elisa; De Santiago, Rafael; Vives, Josep (2012)
    Using a suitable Hull and White type formula we develop a methodology to obtain a second order approximation to the implied volatility for very short maturities. Using this approximation we accurately calibrate the full ...
  • Aragonés, Enriqueta; Postlewaite, Andrew (2000)
    We analyze conditions under which a candidate's campaign rhetoric may affect the beliefs of the voters over what policy the candidate will implement in case he wins the election. We develop a model of repeated elections ...
  • Ferraro, Domenico; Rogoff, Ken; Rossi, Barbara (2011)
    We show the existence of a very short-term relationship at the daily frequency between changes in the price of a country's major commodity export price and changes in its nominal exchange rate. The relationship appears ...
  • Greenacre, Michael (2009)
    The use of simple and multiple correspondence analysis is well-established in social science research for understanding relationships between two or more categorical variables. By contrast, canonical correspondence analysis, ...
  • Galbiati, Roberto; Schlag, Karl; van der Weele, Joël (2009)
    We run an experiment in which two subjects play a two-round minimum effort game in the presence of a third player (principal) who is the only one informed about past effort choices and benefits from a higher minimum effort ...
  • López, Guillem (1999)
    Se ofrece en el presente trabajo un estudio empírico sobre la garantía de suficiencia y equidad en la distribución territorial de los recursos sanitarios que se derivaría de una posible incorporación de la financiación ...
  • Ducoing, Cristián (2011)
    The present paper revisits an old theme in Latin American and Chilean economic history; the early industrialization in the XIX - XX centuries. The difference with previous approaches is the elaboration of new quantitative ...
  • Tafunell, Xavier (2008)
    Investment in machinery is a key aspect in the analysis of long-term economic growth during the era of the spread of industrialisation. But, historiography has only revealed what the pace of capital accumulation was in a ...
  • Tafunell, Xavier; Carreras, Albert (2005)
    The assessment of Latin American long term economic performance is in urgent need of mobilizing more data to match the pressing demands of growth analysts. We present a systematic comparison of capital goods imports for ...
  • Barro, Robert J.; Mankiw, N. Gregory; Sala-i-Martin, Xavier (1994)
  • Ciccone, Antonio; Peri, Giovanni; Almond, Douglas (1999)
    Returns to scale to capital and the strength of capital externalities play a key role for the empirical predictions and policy implications of different growth theories. We show that both can be identified with individual ...
  • Garoupa, Nuno; Gómez, Fernando (2002)
    Large law firms seem to prefer hourly fees over contingent fees. This paper provides a moral hazard explanation for this pattern of behavior. Contingent legal fees align the interests of the attorney with those of the ...
  • Díaz, Aida; Riba, Clara (1999)
    The aim of this essay is to deal with economic voting in contexts of multilevel governance and to be a contribution to the debate on attribution of responsibilities in popularity functions literature. We use aggregate ...
  • Penalva, José; Ryall, Michael D. (2001)
    Two finite extensive-form games are empirically equivalent when the empirical distribution on action profiles generated by every behavior strategy in one can also be generated by an appropriately chosen behavior strategy ...
  • González, Manuel; Arruñada, Benito; Fernández, Alberto (1999)
    This paper examines factors explaining subcontracting decisions in the construction industry. Rather than the more common cross-sectional analyses, we use panel data to evaluate the influence of all relevant variables. ...
  • Ganuza, Juan José; Gómez, Fernando (2002)
    The paper deals with a bilateral accident situation in which victims have heterogeneous costs of care. With perfect information,efficient care by the injurer raises with the victim's cost. When the injurer cannot observe at ...
  • Camps, Enriqueta (2008)
    This essay deals with the reasons explaining children’s work in 19th century textile factories and their removal during the first part of the 20th century. The inadequacy of the structure of incomes and expenditures of the ...
  • Apesteguia, Jose; Ballester, Miguel A. (2012)
    We propose a rule of decision-making, the sequential procedure guided by routes, and show that three influential boundedly rational choice models can be equivalently understood as special cases of this rule. In addition, ...

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