Should Banking Supervision and Monetary Policy Tasks be Given to Different Agencies?
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Carmine Di Noia; Giorgio Di Giorgio; Resumen : This paper adds some new arguments to the thesis that the responsibility for banking supervision should be assigned to an ag...
Caution, Children Crossing: Heterogeneity of Victim's Cost of Care and Negligence Rule
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Juan José Ganuza; Fernando Gómez; Resumen : The paper deals with a bilateral accident situation in which victims have heterogeneous costs of care. With perfect information...
Turbulence and Unemployment in a Job Matching Model
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Wouter J. Den Haan; Christian Haefke; Garey Ramey; Resumen : According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a r...
Finite Horizon Bargaining and the Consistent Field
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Armando Gomes; Sergiu Hart; Andreu Mas-Colell; Resumen : This paper explores the relationships between noncooperative bargaining games and the consistent value for non-tra...
Variable Kernel Estimates: On the Impossibility of Tuning the Parameters
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Luc Devroye; Gábor Lugosi; Resumen : For the standard kernel density estimate, it is known that one can tune the bandwidth such that the expected L1 error is within a cons...
Giffen Goods and Market Making
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Giovanni Cespa; Resumen : This paper shows that information effects per se are not responsible for the Giffen goods anomaly affecting competitive traders demands in multi...
A Multi-state model for the analysis of functional decline and mortality of frail elderly patients
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat de Vic. Grup de Recerca en Modelització de Sistemes Biològics Autor/es: Calle, M. Luz; Roura, Pere; Arnau, Anna; Yáñez, Aina; Leiva, Alfonso; Publica: Universitat de Vic Resumen : L’objectiu d’aquest estudi, que correspon a un p...
On the Valuation and Incentive Effects of Executive Cash Bonus Contracts
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Lionel Martellini; Branko Urosevic; Resumen : Executive compensation packages are often valued in an inconsistent manner: while employee stock options (ESOs) are typically...
A Comparison of Stock Market Mechanisms
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Giovanni Cespa; Resumen : This paper studies the relationship between the amount of public information that stock market prices incorporate and the equilibrium behavior of...
Banks, Liquidity Crises and Economic Growth
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Alejandro Gaytan; Romain Rancière; Resumen : How do the liquidity functions of banks affect investment and growth at different stages of economic development? How do finan...
A Model of Market-Making
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Nicolaas J. Vriend; Resumen : The two essential features of a decentralized economy taken into account are, first, that individual agents need some information about other...
Noise and Aggregation of Information in Large Markets
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Diego García; Branko Urosevic; Resumen : We study a novel class of noisy rational expectations equilibria in markets with large number of agents. We show that, as long as...
Attribution and Reciprocity in a Simulated Labor Market: An Experimental Investigation
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Gary Charness; Resumen : While papers such as Akerlof and Yellen (1990) and Rabin (1993) argue that psychological considerations such as fairness and reciprocity are impor...
Market Institutions and Judicial Rulemaking
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Benito Arruñada; Veneta Andonova; Resumen : Assuming that the degree of discretion granted to judges was the main distinguishing feature between common and civil law until...
Adaptive Approach Heuristics for The Generalized Assignment Problem
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Helena Ramalhinho-Lourenço; Daniel Serra; Resumen : The Generalized Assignment Problem consists in assigning a set of tasks to a set of agents with minimum cost. Each agen...
Financial development, labor and market regulations and growth
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa Autor/es: Utrero, Natalia; Fonseca, Raquel; Publica: Universitat Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa Resumen : This paper investigates...
Effects of Employment Protection and Product Market Regulations on the Italian Labor Market
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Adriana Kugler; Giovanni Pica; Resumen : Labor market regulations have often being blamed for high and persistent unemployment in Europe, but evidence on their impact rema...
Using Composite Estimators to Improve both Domain and Total Area Estimation
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Àlex Costa; Albert Satorra; Eva Ventura; Resumen : In this article we propose using small area estimators to improve the estimates of both the small and large area paramet...
