Listar Departament: Economia por fecha de publicación
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The Small Core of the German Corporate Board Network
Institut für Weltwirstach (2008)We consider the current bipartite graph of German corporate boards and identify a small core of directors who are highly central in the entire network while being densely connected among themselves. To identify the core, ... -
Colusión en un duopolio de Bertrand con rendimientos decrecientes y productos diferenciados
Universidad de Chile (2008)Estudiamos las implicaciones que tienen sobre la estabilidad del cartel los rendimientos de escala en presencia de productos diferenciados cuando las empresas compiten en precios. Mostramos que el cartel puede ser ... -
Does classical competition explain the statistical features of firm growth?
Elsevier (2008)We propose a statistical equilibrium model where the tendency for competition to equalize profit rates results in an exponential power (or Subbotin) distribution. The model supports and extends recent evidence on the Laplace ... -
Time variation of higher moments in a financial market with heterogeneous agents: An analytical approach
Elsevier (2008-01)A growing body of recent literature allows for heterogenous trading strategies and limited rationality of agents in behavioral models of financial markets. More and more, this literature has been concerned with the explanation ... -
A “SURE” approach to testing for convergence in regional integrated areas: an application to output convergence in Mercosur
Center for International Economics, Sejong Institution (2008-03)In this paper we propose the use of a sequential multivariate approach to test for convergence. These tests allow us to reconcile the time series literature with the cross-sectional dimension which is basic when testing ... -
Las Hermandades Sindicales de Labradores y Ganaderos (1942-1977). Del análisis franquista a la historiografía actual
Sociedad Española de Historia Agraria (SEHA) (2008-04)This article analyses the literature on Hermandades Sindicales de Labradores y Ganaderos. This topic has been ignored in most studies on the Spanish agrarian sector during the Franco's dictatorship, but nowadays it is ... -
A Nonparametric approach to the noise density in stochastic volatility models
Taylor & Francis (2008-09)We propose a nonparametric method to determine the functional form of the noise density in discrete-time stochastic volatility models of financial returns. Our approach suggests that the assumption of Gaussian noise is ... -
The Challenges of Socially Responsible Investment Among Institutional Investors: Exploring the Links Between Corporate Pension Funds and Corporate Governance
Wiley (2009)During the last few decades, globalization of finance markets has come under increasing pressure to manage the many risks that companies face due to the negative impact that certain financial crises have had on securities ... -
Aid and Trade – A Donor's Perspective
Taylor & Francis (2009)One reason donors provide foreign aid is to support their exports to aid-recipient countries. Time series data for Germany suggests an average return of between US$ 1.04 to US$ 1.50 for each US dollar of aid spent by ... -
Are regional trading agreements beneficial?. Static and dynamic panel gravity models
Elsevier (2009)This paper evaluates the effects of preferential agreements on trade between trade group members and non-members using a static and a dynamic gravity model. The gravity model is estimated using recent panel data techniques ... -
Treatment satisfaction [La satisfacción con el tratamiento]
Elsevier (2009)[No abstract available] -
The effect of the EMU on short and long-run stock market dynamics: New evidence on financial integration
Inderscience Publishers (2009)This paper deals with the time evolution of stock market integra- tion around the introduction of the euro. In particular we test whether the degree of integration between the main eurozone countries increased after European ... -
Testing for real interest rate parity using panel stationarity tests with dependence: a note
Wiley-Blackwell (2009)This paper tests for real interest parity (RIRP) among the nineteen major OECD countries over the period 1978:Q1-2006:Q1 using both short and long-run definitions of interest rates. Once the independence hypothesis is ... -
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 ... -
El papel del género en la toma de decisiones bajo incertidumbre
Ministerio de Industria Comercio y Turismo. Secretaría de Estado de Comercio Exterior (2009)We study gender differences in individual decision making under uncertainty. To elicit risk preferences, we use the lottery panel test introduced in Sabater-Grande and Georgantzís (2002). This test allows us not only to ... -
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 ... -
External macroeconomic factors and the link between short- and long-run European interest rates: a note
Southern Economic Association (2009-04)This article analyzes the long-run relationships linking long- and short-run interest rates for the Euro-wide aggregated variables. To this end, we extend the set of variables traditionally involved in the Campbell and ... -
Comercio de derechos de emisión, adopción de tecnología y heterogeneidad de industrias: un enfoque experimental
Ministerio de Industria Comercio y Turismo (2009-06)The economic and environmental gains expected from particular environmental policies based on allowances trading programs depend on how they are specifically implemented in the field. In this paper we focus on a tradable ... -
Contribuciones a la Economía experimental: introducción
Ministerio de Industria Comercio y Turismo (2009-06) -
Does German development aid promote German exports?
Wiley-Blackwell (2009-08)This paper uses a static and dynamic gravity model of trade to investigate the link between German development aid and exports from Germany to the recipient countries. The findings indicate that, in the long run, German ...