Browsing Recerca: working papers, informes, etc. by Title

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Browsing Recerca: working papers, informes, etc. by Title

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  • Evans, George W.; Honkapohja, Seppo; Marimon, Ramon (2004)
    We analyze a monetary model with flexible labor supply, cash-inadvance constraints and seigniorage-financed government deficits. If the intertemporal elasticity of substitution of labor is greater than one, there are two ...
  • Cespa, Giovanni; Cestone, Giacinta (2002)
    We argue that when stakeholder protection is left to the voluntary initiative of managers, concessions to social activists and pressure groups can turn into a self-entrenchment strategy for incumbent CEOs. Stakeholders ...
  • Gennaioli, Nicola; Perotti, Enrico (2009)
    We model the different ways in which precedents and contract standardization shape the development of markets and the law. In a setup where more resourceful parties can distort contract enforcement to their advantage, we ...
  • Fernández, Patricio A.; Ponzetto, Giacomo A. M. (2009)
    Stare decisis allows common law to develop gradually and incrementally. We show how judge-made law can steadily evolve and tend to increase efficiency even in the absence of new information. Judges' opinions must argue ...
  • Ciccone, Antonio; Matsuyama, Kiminori (1995)
    We use a dynamic monopolistic competition model to show that an economy that inherits a small range of specialized inputs can be trapped into a lower stage of development. The limited availability of specialized inputs forces ...
  • Estapé Triay, Salvador (1999)
    The decade of the 1940s was one of the darkest periods in the country's history, with years of famine, repression, general misery, and impoverishment of all aspects of national life ranging from culture to the economy. ...
  • Gennaioli, Nicola; Voth, Joachim (2011)
    In 1500, Europe was composed of hundreds of statelets and principalities, with weak central authority, no monopoly over the legitimate use of violence, and overlapping jurisdictions. By 1800, only a handful of powerful, ...
  • Delicado, Pedro (1998)
    Connections between Statistics and Archaeology have always appeared very fruitful. The objective of this paper is to offer an outlook of some statistical techniques that are being developed in the most recent years and ...
  • Romano, Joseph P.; Wolf, Michael (2003)
    It is common in econometric applications that several hypothesis tests are carried out at the same time. The problem then becomes how to decide which hypotheses to reject, accounting for the multitude of tests. In this ...
  • Caballé, Jordi; Esteban, Joan (2002)
    In this paper we proose the infimum of the Arrow-Pratt index of absolute risk aversion as a measure of global risk aversion of a utility function. We then show that, for any given arbitrary pair of distributions, there exists ...
  • Germano, Fabrizio (2004)
    The evolution of boundedly rational rules for playing normal form games is studied within stationary environments of stochastically changing games. Rules are viewed as algorithms prescribing strategies for the different ...
  • Cabrales, Antonio (1993)
  • Hart, Sergiu; Mas-Colell, Andreu (2004)
    In this paper we consider dynamic processes, in repeated games, that are subject to the natural informational restriction of uncoupledness. We study the almost sure convergence to Nash equilibria, and present a number of ...
  • Canova, Fabio; de Nicolo, Gianni (1997)
    This paper analyses the empirical interdependences among asset returns, real activity and inflation from a multicountry and international point of view. We find that nominal stock returns are significantly related to ...
  • Aragonés, Enriqueta; Neeman, Zvika (1994)
    Many have observed that political candidates running for election are often purposefully expressing themselves in vague and ambiguous terms. In this paper we provide a simple formal model of this phenomenon. We model ...
  • Medrano, Luis A.; Vives, Xavier (1997)
    The paper analyzes the effects of strategic behavior by an insider in a price discovery process, akin to an information tatonnement, in the presence of a competitive informed sector. Such processes are used in the ...
  • Chari, V.V.; Jones, Larry E.; Marimon, Ramon (2004)
    In monetary unions, monetary policy is typically made by delegates of the member countries. This procedure raises the possibility of strategic delegation - that countries may choose the types of delegates to influence ...
  • Ribeiro, Rita; Ramalhinho-Lourenço, Helena (2003)
    The problems arising in the logistics of commercial distribution are complex and involve several players and decision levels. One important decision is related with the design of the routes to distribute the products, in ...
  • Györfi, László; Lugosi, Gábor (2000)
    We present simple procedures for the prediction of a real valued sequence. The algorithms are based on a combination of several simple predictors. We show that if the sequence is a realization of a bounded stationary and ...
  • Courty, Pascal (1997)
    Organizations often face the challenge of communicating their strategies to local decision makers. The difficulty presents itself in finding a way to measure performance wich meaningfully conveys how to implement ...

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