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A simple test for the equality of integration orders
(2012)
Documento de trabajo / Lan gaiak,
A necessary condition for two time series to be nontrivially cointegrated is the equality of their respective integration orders. Thus, it is standard practice to test for order homogeneity prior to testing for cointegration. ...
The process of wage adjustment: an analysis using establishment-level data
(2013)
Documento de trabajo / Lan gaiak,
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 ...
Incentives to give up resource extraction and avoid the tragedy of the commons
(2013)
Documento de trabajo / Lan gaiak,
This paper develops a general model of common resource extraction where we introduce payments for environmental services to encourage resource users to give up extraction. The goal is to reach a balance between resource ...
Strategy-proof location of public facilities
(2015)
Documento de trabajo / Lan gaiak,
Agents frequently have different opinions on where to locate a public facility. While some agents consider the facility a good and prefer to have it nearby, others dislike it and would like to see it built far away from ...
A pilot inquiry on incentives and intrinsic motivation in health care: the motivational capital explained by doctors
(2014)
Documento de trabajo / Lan gaiak,
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 ...
Identity, incentives and motivational capital in public organizations
(2014)
Documento de trabajo / Lan gaiak,
This paper explores optimality of contracts and incentives when the principal (public organization) can undertake investments to change agents’ (public workers) identity. In the model, workers within the organization can ...
Sharing the costs of cleaning a river: the upstream responsibility rule
(2013)
Documento de trabajo / Lan gaiak,
The cleaning up of waste present in transboundary rivers, which requires the cooperation of different authorities, is a problematic issue, especially when responsibility for the discharge of the waste is not well-defined. ...
On staggered prices and optimal inflation
(2019)
info:eu-repo/semantics/workingPaper,
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 ...
A portfolio-choice model to analyze the recent gross capital flows between Canada and the US
(2019)
info:eu-repo/semantics/workingPaper,
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, ...
Fair competition design
(2018)
info:eu-repo/semantics/workingPaper,
We study the impact of two basic principles of fairness on the
structure of competition systems and perform our analysis by focusing on sports competitions. The first principle states that equally
strong players should ...