• closedAccess   Macroeconomic implications of mortgage loan requirements: an agent-based approach 

      Ozel, Bulent; Nathanael, Reynold Christian; Raberto, Marco; Teglio, Andrea Springer (2019-03)
      It is a well-known fact that the housing market, with its associated mortgage securities, plays a crucial role in modern economies. The recent crisis of 2007, triggered by the U.S. real estate bubble, confirms this key ...
    • openAccess   Macroeconomic Potentials of Transatlantic Free Trade: A High Resolution Perspective for Europe and the World 

      Felbermayr, Gabriel; Heid, Benedikt Sebastian; Larch, Mario; Yalcin, Erdal Oxford University Press (2015-07-03)
      Critics of the proposed Transatlantic Trade and Investment Partnership (TTIP) dismiss its potential welfare gains as small compared with its risks. We contribute to this debate by investigating the driving forces behind ...
    • openAccess   Macroprudential policies in an agent-based artificial economy 

      Raberto, Marco; Teglio, Andrea; Cincotti, Silvano OFCE (Observatoire français des conjonctures économiques) (2012-10)
      Basel III is a recently-agreed regulatory standard for bank capital adequacy with focus on the macroprudential dimension of banking regulation, i.e., the system- wide implications of banks’ lending and risk. An important ...
    • closedAccess   Managerial Entrenchment and the Market for Talent 

      Feriozzi, Fabio Society for Financial Studies (2022-08-19)
      This paper studies how the nature of managerial skills affects firms’ governance decisions. As required skills shift from firm specific toward more general abilities, replacing an underperforming CEO with an outside hire ...
    • openAccess   Managing a duopolistic water market with confirmed proposals. An experiment 

      García-Gallego, Aurora; Georgantzis, Nikolaos; Hernán González, Roberto; Kujal, Praveen CSIC (2012-03)
      We report results from experimental water markets in which owners of two different sources of water supply water to households and farmers. The final water quality consumed by each type of consumer is determined through ...
    • openAccess   Market effects of changes in consumers' social responsibility 

      García-Gallego, Aurora; Georgantzis, Nikolaos Wiley Periodicals (2009)
      In a duopoly model of vertical differentiation, we study market equilibrium and the resulting social welfare following an increase in the consumer's willingness to pay (WTP) for products sold by socially responsible ...
    • openAccess   Market games as social dilemmas 

      Barreda-Tarrazona, Iván; García-Gallego, Aurora; Georgantzis, Nikolaos; Ziros, Nicholas Elsevier (2018-11)
      In an experimental exchange market based on Shapley and Shubik (1977), two types of players with different preferences and endowments independently submit quantities of the goods they wish to exchange. In this context, ...
    • closedAccess   Market power, technical progress and financial fragility 

      Delli Gatti, Domenico; GALLEGATI, MARCO; Palestrini, Antonio; Tedeschi, Gabriele; Vidal-Tomás, David Elsevier (2024)
      We explore the nexus of market power, innovation and financial fragility by means of a macroeconomic agent based model whose core is the Dixit-Greenwald-Stiglitz (DGS) theory of firm behaviour, which nests the Greenwald-Stiglitz ...
    • openAccess   Market risk aversion under volatility shifts: An experimental study 

      Aragó, Vicent; Barreda-Tarrazona, Iván; Breaban, Adriana; Matallín Sáez, Juan Carlos; Salvador, Enrique Elsevier (2022-03-15)
      We propose an experiment to analyze the relationship between volatility regimes and investors’ behavior and explore the mechanism by which aggregated risk aversion is configured. We design a market in which the volatility ...
    • openAccess   McShane-Whitney extensions for fuzzy Lipschitz maps 

      Jiménez-Fernández, Eduardo; Rodríguez-López, J.; Sánchez-Pérez, E.A. Elsevier (2020-08-10)
      We present a McShane-Whitney extension theorem for real-valued fuzzy Lipschitz maps defined between fuzzy metric spaces. Motivated by the potential applications of the obtained results, we generalize the mathematical theory ...
    • openAccess   Measuring Entrepreneurial Orientation of University Employees in Developing Countries Using the ENTRE-U Scale 

      Tatarski, Jovana; Brkanlic, Sandra; Sanchez Garcia, Javier; BRESO, EDGAR; Brkic, Ivana; Petrovic, Marko; Okanovic, Andrea MDPI (2020)
      This research examines the difference in the level of entrepreneurial orientation among university employees within the European Union compared to university employees in non-EU countries. The EU Member States included in ...
    • closedAccess   Measuring Globalization of International Trade: Theory and Evidence 

      Arribas, Iván; Pérez García, Francisco; Tortosa-Ausina, Emili Elsevier (2009)
      Measuring globalization requires a Standard of Perfect International Integration as a benchmark that a single world space would reach under conditions of geographic neutrality in international trade. We define this standard ...
    • openAccess   Measuring Investors' Socially Responsible Preferences in Mutual Funds. 

      Barreda-Tarrazona, Iván; Matallín Sáez, Juan Carlos; Balaguer Franch, María del Rosario © Springer, Part of Springer Science+Business Media (2011-10)
      The aim of this study is to analyze investor behavior towards socially responsible mutual funds. The analysis is based on an experimental study where a sample of individuals takes investment decisions under different ...
    • openAccess   Measuring the Cost of Covid-19 in Terms of the Rise in the Unemployment Rate: The Case of Spain 

      Cuestas, Juan Carlos; Ordóñez, Javier; Monfort Bellido, Mercedes Universitaet Kiel. Institut fuer Weltwirtschaft (2021)
      In this article, we aim to estimate what the cost of Covid-19 has been in terms of unemployment for Spain. We use a simple autoregressive model to simulate what the unemployment rate would have been without the pandemic ...
    • openAccess   Measuring the effect of local competition on prices in a context of spatial differentiation 

      Balaguer, Jacint; Pernías, José C. Springer (2011-07)
      This paper examines the problem of estimation bias when the effect of local competition on prices is investigated. The hotel industry was chosen as a representative case of industries that offer a spatially differentiated ...
    • closedAccess   Measuring well-being in Colombian departments. The role of geography and demography 

      Peiró-Palomino, Jesús; Picazo-Tadeo, Andrés J; Tortosa-Ausina, Emili Elsevier (2021-12)
      This paper provides a composite indicator of well-being for the 33 Colombian departments in the year 2016. The indicator is built by adapting the well-known OECD Better Life Index to the regional level, and includes the ...
    • closedAccess   Meeting the environmental challenge of port growth: A critical appraisal of the contingent valuation method and an application to Valencia Port, Spain 

      García Menéndez, Leandro; Feo Valero, María; Del Saz Salazar, Salvador Elsevier (2012)
      In order to support effective policy-making, this research is aimed to emphasise the need of measuring the negative impact - or external costs - resulting from port growth. Considering the non-market nature of these external ...
    • openAccess   Migration and FDI: the role of job skills 

      Cuadros, Ana; Martín-Montaner, Joan; Paniagua, Jordi Elsevier (2018-10)
      Using a multi-country gravity framework, this paper models and quantifies the relevance of migrants' job position in fostering Foreign Direct Investment (FDI). High-skilled migrants are defined as those individuals born ...
    • openAccess   Migration in Spain: the role of cultural diversity revisited 

      Alguacil, Maite; Alamá Sabater, Luisa Cogitatio Press (2021-10-28)
      In this article, we analyze to what extent cultural diversity brought about by immigrants affects economic activity of the Spanish provinces. To do that, we use panel data techniques that treat cultural diversity as an ...
    • openAccess   Misalignments in house prices and economic growth in Europe 

      Cuestas, Juan Carlos; Kukk, Merike; Levenko, Natalia Taylor and Francis (2023)
      In this paper we investigate house price misalignments and how they affect the real economy. We estimate the long-term relationship between house prices and the fundamentals that determine long-term house prices for a panel ...