Listar Documentos de trabajo - Lan gaiak por título
Mostrando ítems 112-131 de 190
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Market allocations of location choice: an example
The purpose of this paper is to make an example which, first, illustrates Starret’s Spatial Imposibility Theorem, when agents have free mobility; and second, allowes us to get a competitive equilibrium with transportation ... -
Matching up the data on education with economic growth models
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 ... -
Mental health services utilization and costs of patients with schizophrenia in three areas of Spain
Se compara la utilización de servicios sanitarios y los costes totales de atención de tres cohortes de pacientes con esquizofrenia en el tercer año tras el diagnóstico. Las tres cohortes son representativas de tres áreas ... -
Minimal bools of rationales
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 ... -
Moneta eta produkzioa
The definitions of money and economic product and the exact nature of their relationship are far from being clearly formulated by Economics. The aim of this paper is to introduce the reader to a different approach to the ... -
Monetary and fiscal policies in dynamic models of the open economy
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 ... -
Monopolistic competition, sticky prices, and the minimal mark-up in steady state
This note reports the rate of inflation that minimizes the mark-up of prices over marginal costs in the steady-state solution of a monopolistic competition model with either Taylor (1980) or Calvo (1983) pricing. The minimal ... -
Motivational capital and incentives in health care organisations
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 ... -
Motivational capital and incentives in health care organizations
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 ... -
Movilidad y desigualdad regional en la Unión Europea
El objetivo de este trabajo es analizar la movilidad de la distribución de la renta por habitante a escala regional en la Unión Europea durante el período 1977-1996, con el fin de aportar elementos complementarios sobre ... -
Negative externalities in cropping decisions: private versus common land
This paper analyzes to what extent the definition of property rights affects cropping decisions when these decisions generate negative externalities. To that end, we implement an experimental study where agents make cropping ... -
A new Keynesian analysis of industrial employment fluctuations
This paper describes a model with sticky prices, search frictions and hours-clearing wages that provides firm differentiation across several dimensions: price, output, wage, employment and hours per worker. The connection ... -
Non anonymous ballot aggregation: an axiomatic generalization of Approval Voting
We study axiomatically situations in which the society agrees to treat voters with different characteristics distinctly. In this setting, we propose a set of six intuitive axioms and show that they jointly characterize a ... -
Non-elective cesarean sections in public hospitals: hospital capacity constraints and doctor´s incentives
Using administrative records of births from the Perinatal Surveillance System of the Social Security System (ESSALUD) in Peru, we test whether high admissions of pregnant women affected unplanned cesarean section rates in ... -
Note on Bossert, Pattanaik and Xu’s “Choice under complete uncertainty: axiomatic characterization of some decision rules”
Recent work by Bossert, Pattanaik and Xu provides axiomatic characterizations of some decision rules for individual decision making under complete uncertainty. This note shows that, in the case of two of these rules, they ... -
On firm-level, industry-level, and aggregate employment fluctuations
Employment fluctuations are examined, at different levels of aggregation, in a dynamic model that provides firm-specific hiring decisions due to search frictions and sticky pricing. The results indicate that firm-level ... -
On freedom of choice, ambiguity, and the preference for easy choices
This paper is devoted to the study of opportunity set comparisons when the characteristics of the options within the sets in question may be ambiguous. We assume that agents display a preference for freedom of choice, but ... -
On procedural freedom of choice
Numerous works in the last decade have analyzed the question of how to compare opportunity sets as a way to measure and evaluate individual freedom of choice. This paper defends that, in many contexts, external procedural ... -
On staggered prices and optimal inflation
This paper computes the steady-state optimal rate of inflation assuming two different sticky-price specifications, Calvo (1983) and Taylor (1980), in a model with monopolistic competition. The optimal rate of inflation ... -
On the equivalence of the two existing extensions of the leximax criterion to the infinite case
Using a common framework, we consider the two existing extensions of the leximax criterion to infinite environments (Arlegi et al. (2005) and Ballester and De Miguel (2003), and show that, though the respective definitions ...