Listar ECO_Articles por título
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Liquidity Coinsurance and Bank Capital
Wiley (2014-03-26)Banks can deal with their liquidity risk by holding liquid assets (self-insurance), by participating in interbank markets (coinsurance), or by using flexible financing instruments, such as bank capital (risk sharing). We ... -
Local government efficiency: determinants and spatial interdependence
Taylor and Francis Group (2019)We analyse the determinants of local government efficiency taking into account the presence of spatial interactions among neighbouring municipalities. To do so, first we estimate an efficiency index using the robust order-m ... -
Local governments' efficiency: a systematic literature review- part II
Wiley (2017-02)The efficient management of the available resources in local governments has been a topic of high interest in the field of public sector. We provide an extensive and comprehensive review of the existing literature on local ...
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Local governments' efficiency: A systematic literature review—part I
Wiley (2017-02)The efficient management of the available resources in local governments has been a topic of high interest in the field of public sector. We provide an extensive and comprehensive review of the existing literature on local ...
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Local governments' re-election and its determinants: New evidence based on a Bayesian approach
Elsevier (2015)We analyzed the effect of public spending on the probability of re-election of Spanish local governments during the 2000–2007 period using Bayesian techniques. Although the literature on political budget cycles is now ...
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Location Choice of Spanish Multinational Firms in Developing and Transition Economies
Taylor & Francis (2017-04)In this paper, we use firm-level data to investigate how different host country characteristics affect the decision of Spanish multinational firms to locate in developing and transition countries, and whether these ...
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Location decisions of heterogeneous european firms
Universidad de Oviedo, Ediciones de la Universidad de Oviedo (2020-09)We analyze empirically how firms’ characteristics affect the foreign affiliates location decisions of heterogeneous firms in different markets. Using a European firm-level data and estimating the marginal effects for the ...
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Long-run expectations in a learning-to-forecast experiment: A Simulation Approach
Taylor & Francis (2017)We conduct a Learning to Forecast Experiment using a novel setting in which we elicit subjects’ short- and long-run expectations on the future price of an asset. We find that: (i) the rational expectations equilibrium is ...
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Macroeconomic implications of mortgage loan requirements: an agent-based approach
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 ...
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Macroeconomic Potentials of Transatlantic Free Trade: A High Resolution Perspective for Europe and the World
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 ...
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Macroprudential policies in an agent-based artificial economy
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 ...
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Managerial Entrenchment and the Market for Talent
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 ...
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Managing a duopolistic water market with confirmed proposals. An experiment
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 ...
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Market effects of changes in consumers' social responsibility
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 ...
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Market games as social dilemmas
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, ...
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Market power, technical progress and financial fragility
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 ...
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Market risk aversion under volatility shifts: An experimental study
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 ...
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McShane-Whitney extensions for fuzzy Lipschitz maps
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 ...
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Measuring Entrepreneurial Orientation of University Employees in Developing Countries Using the ENTRE-U Scale
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 ...
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Measuring Globalization of International Trade: Theory and Evidence
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 ...
