Listar Documentos de trabajo - Lan gaiak por título
Mostrando ítems 123-142 de 192
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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 ... -
On the insurance function of fiscal policy in a monetary union
In this paper we first review the available literature on the degree of insurance against shocks, provided by the central budget in the federal systems already existing. Next, we discuss the main points raised on the debate ... -
The other halves of fascist Italy: income inequality from dynamic social tables, 1900-1950
This paper documents new, yearly estimates of overall income inequality for Italy, from the first industrial 'take-off' to the eve of the ‘Economic Miracle’, contributing both to the comparative literature on the evolution ... -
Participation, cooperatives and performance: an analysis of Spanish manufacturing firms
This paper attempts to analyze the effects that shopfloor participation has on firm performance and examine if cooperatives show better results than capitalist firms. Moreover, it tries to study if the impact of participation ... -
Performance appraisal: dimensions and determinants
The determinants of the dimensions that shape a formal system of performance appraisal are studied in relation to a sample of Spanish manufacturing establishments. In particular, the factors that influence the measures ... -
A pilot inquiry on incentives and intrinsic motivation in health care: the motivational capital explained by doctors
Where the contracts are incomplete, the resulting co-ordination problems may be attenuated if workers are intrinsically motivated to do the work. It is established by theoretical and empirical literature that workers within ... -
A portfolio-choice model to analyze the recent gross capital flows between Canada and the US
We calibrate a two-country New Keynesian model with endogenous portfolio choice and valuation effects to discuss the determinants of the increase in Canadian Net Foreign Assets with the US observed after 2012. Furthermore, ... -
The post-covid inflation episode
The recent inflation episode has been examined in an estimated NK-DSGE model with sticky wages and unemployement. The rise of US price inflation resulted from a combination of a sudden rise in 2020, the expansionary monetary ... -
The process of wage adjustment: an analysis using establishment-level data
In this article, we use data from Spanish manufacturing plants to analyze the determinants of the importance attributed to several criteria when wages are adjusted. More specifically, the criteria we take into account in ... -
Producción y esfuerzo pesquero de la flota de cerco del Cántabrico en la pesquería de la anchoa
Partiendo de datos de sección cruzada para los años 1976 y 1995 se estima una función de producción translog con estructura separable para la flota de cerco el Cantábrico que faena en la pesquería de la anchoa de la ... -
Profit sharing, interconnected autonomous teams, and employee productivity
Interconnected autonomous teams (IAT) reflect a human resources policy of organizing employees into a network of autonomous teams and allowing individuals to work on more than one of those teams. This paper studies how ...