• openAccess   Empresas granulares y desagregación regional: un análisis del caso español 

      Blanco Arroyo, Omar; Ruiz-Buforn, Alba; Vidal-Tomás, David; Alfarano, Simone Universidad de Almería (2019)
      Following the approach proposed by Gabaix (2011), this paper aims to assess the existence of granularity in the business cycle fluctuations of the following Spanish regions: the Community of Madrid, Catalonia, the Basque ...
    • openAccess   On the determination of the granular size of the economy 

      Blanco Arroyo, Omar; Ruiz-Buforn, Alba; Vidal-Tomás, David; Alfarano, Simone Elsevier (2018-12)
      Introducing the granular hypothesis, Gabaix (2011) shows that the idiosyncratic shocks of a few “granular” firms account for a significant fraction of aggregate fluctuations of the US business cycle. In ...
    • openAccess   Overweighting of public information in financial markets: A lesson from the lab 

      Ruiz-Buforn, Alba; Camacho Cuena, Eva; MORONE, ANDREA; Alfarano, Simone Elsevier (2021-08-18)
      We study the information aggregation process in a laboratory financial market where traders have access to costly private and free public imperfect information. The public disclosure provokes (i) a crowding-out effect on ...
    • openAccess   Single vs multiple disclosures in an experimental asset market with information acquisition 

      Ruiz-Buforn, Alba; Alfarano, Simone; Camacho Cuena, Eva; MORONE, ANDREA Taylor & Francis (2021-04-13)
      We conduct laboratory experiments to study whether increasing the number of independent public signals in an economy with endogenous private information is an effective measure to promote the acquisition of information and ...