Listar ECO_Articles por título
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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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
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, ... -
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 ... -
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 ... -
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 ... -
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 ... -
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 ... -
Measuring Investors' Socially Responsible Preferences in Mutual Funds.
© 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 ... -
Measuring the Cost of Covid-19 in Terms of the Rise in the Unemployment Rate: The Case of Spain
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 ... -
Measuring the effect of local competition on prices in a context of spatial differentiation
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 ... -
Measuring well-being in Colombian departments. The role of geography and demography
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 ... -
Meeting the environmental challenge of port growth: A critical appraisal of the contingent valuation method and an application to Valencia Port, Spain
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 ... -
Migration and FDI: the role of job skills
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 ... -
Migration in Spain: the role of cultural diversity revisited
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 ... -
Misalignments in house prices and economic growth in Europe
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 ...