Securitización de Hipotecas
Monografias.Com
securitización deriva de security, cuyo significado en inglés es título-valor. El concepto de securitización se podría definir como un mecanismo financiero que permite movilizar carteras de créditos relativamente ilíquidos, por medio de un vehículo legal...
Los B.O.O.T. en los Contratos de Gas Natural de Camisea
Comunidad Emagister
B.O.O.T. son siglas en inglés de las palabras built, own, operate, transfer. El Estado Peruano ha suscrito Contratos de Concesión B.O.O.T. cuyas siglas en castellano significan construir, ser propietario, operar y transferir. Fuente: Comunidad...
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Evolución de los chips de Memoria RAM
Monografias.Com
sumadora mecánica. Se le llamó Pascalina y funcionaba como maquinaria a base de engranes y ruedas. A pesar de que Pascal fue enaltecido por toda Europa debido a sus logros, la Pascalina, resultó un desconsolador fallo financiero, pues para esos momentos...
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A Generalization of Histogram Type Estimators
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Pedro Delicado; Manuel del Río; Resumen : We introduce simple nonparametric density estimators that generalize the classical histogram and frequency polygon. The new estimators are expressed as linear combination of densi...
A Generalization of Hull and White Formula and Applications to Option Pricing Approximation
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Elisa Alòs; Resumen : By means of Malliavin Calculus we see that the classical Hull and White formula for option pricing can be extended to the case where the noise driving the volatility process is correlated with the no...
Financial Intermediation and Equity Investment with Costly Monitoring
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Giorgio Di Giorgio; Resumen : This paper studies the efficiency of equilibria in a productive OLG economy where the process of financial intermediation is characterized by costly state verification. Both competitive equil...
Variance Reduction Methods for Simulation of Densities on Wiener Space
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Arturo Kohatsu; Roger Pettersson; Resumen : We develop a general error analysis framework for the Monte Carlo simulation of densities for functionals in Wiener space. We also study variance reduction methods with the help...
Credit Cycles in Theory and Experiment
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Antoni Bosch-Domènech; María Sáez; Resumen : We test in the laboratory the potential of evolutionary dynamics as predictor of actual behavior. To this end, we propose an asymmetric game -which we interpret as a borrowerle...
Measuring Asymmetries in Brand Associations Using Correspondence Analysis
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Michael Greenacre; Anna Torres; Resumen : Correspondence analysis is introduced in the brand association literature as an alternative tool to measure dominance, for the particular case of free choice data. The method is a...
Regional Diversity in the Fruit Sector in the European Union
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Josep M. Argilés; Resumen : This article aims to identify the key groups of regions with respect to farms oriented to fruit and citrus production. Twenty variables of fruit and citrus oriented farms corresponding to forty...
Does Reasoning Enhance Learning?
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Nicolaas J. Vriend; Resumen : Utilizing the well-known Ultimatum Game, this note presents the following phenomenon. If we start with simple stimulus-response agents, learning through naive reinforcement, and then grant th...
An Attempt to Go Beyond Conventional Financial Accounting Information
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Josep Vallverdú; Resumen : Conventional financial accounting information is slanted in favour of certain economic interests. This paper argues in favour of accounting information capturing and showing relevant aspects of ...
Endogenous Price Leadership
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Eric van Damme; Sjaak Hurkens; Resumen : We consider a linear price setting duopoly game with differentiated products and determine endogenously which of the players will lead and which will follow. While the follower rol...
Horizontal Innovation in the Theory of Growth and Development
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Gino Gancia; Fabrizio Zilibotti; Resumen : We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear...
Adaptive Dynamics and the Implementation Problem with Complete Information
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Antonio Cabrales; Resumen : This paper studies the equilibrating process of several implementation mechanisms using naive adaptive dynamics. We show that the dynamics converge and are stable, for the canonical mechanism o...
Externalities and Interdependent Growth: Theory and Evidence
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Antonio Ciccone; Resumen : I formulate and estimate a model of externalities within countries and technological interdependence across countries. I find that external returns to scale to physical capital within countries ...
Adaptive Learning in Models with Lagged Variables
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Wilfredo Leiva; Resumen : In this work I study the stability of the dynamics generated by adaptive learning processes in intertemporal economies with lagged variables. I prove that determinacy of the steady state is a nec...
Communication, Coordination, and Efficiency in Evolutionary One-population Models
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Sjaak Hurkens; Karl H. Schlag; Resumen : We analyze the role of commitment in pre-play communication for ensuring efficient evolutionarily stable outcomes in coordination games. All players are a priori identical as they ...
Endogenous Policy Leads to Inefficient Risk Sharing
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Marco Celentani; J. Ignacio Conde; Klaus Desmet; Resumen : We analyze risk sharing and fiscal spending in a two-region model with complete markets. Fiscal policy determines tax rates for each state of nature. When fiscal ...
Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Peter Tenim; Joachim Voth; Resumen : If financial deepening aids economic growth, then financial repression should be harmful. We use a natural experiment the change in the English usury laws in 1714 to analyze the ef...
