Esta investigación muestra la insuficiencia de la teoría del ciclo de vida en la explicación del comportamiento ahorrador. Para ello, se muestran diversas ontrastaciones que muestran la existencia e importancia de las ...

This paper evaluates the Spanish system of environmental subsidies for cogeneration processes and analyses their capacity to overcome these barriers. In particular, we focus on the role and relevance of the monetary aids ...

The purpose of this paper is to show whether international policy coordination may be the best response to economic interdependence. We will study the short-run interactions taking place among interdependent economies, ...

This document contains our collection of ‘sovereign histories’ for the 74 domestic-law default episodes that we include in our database. Sovereign histories are meant to complement our database and the associated paper, ...

We examine the way in which differences in language and culture may affect direct investment decisions. We use a discrete choice approach to model the location decisions of multinationals in which cultural links, language ...

This paper investigates the use of egalitarian criteria to select allocations in bankruptcy problems. In our work, we characterize the sets of Lorenz maximal elements for these problems. We show that the allocation selected ...

The growth literature has not yet established how data on education should be introduced in theories involving human capital. Early work used enrolment rates as a proxy of human capital whereas more recently it has utilized ...

Kalai, Rubinstein, and Spiegler (2002) propose the rationalization of choice functions that violate the “independence of irrelevant alternatives” axiom through a collection (book) of linear orders (rationales). In this ...

This paper discusses the relative effectiveness of monetary and fiscal policies in a series of dynamic models of the open economy, by embodying in a unified general framework some different assumptions previously stated ...

This paper explores optimal incentive schemes in public health institutions when agents (doctors) are intrinsically motivated. We develop a principal-agent dynamic model with moral hazard in which agents’ intrinsic motivation ...