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Sources of Comparative Advantage in Polluting Industries

Broner, Fernando; Bustos, Paula; Carvalho, Vasco M. - Barcelona Graduate School of Economics (Barcelona GSE) - 2013

We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...

Persistent link: https://www.econbiz.de/10010950606

Trade of Permits for Greenhouse Gas Emissions; Bilateral Trade Need not Be the Answer

Burguet, Roberto; Sempere, Jaume - Barcelona Graduate School of Economics (Barcelona GSE) - 2007

this trade is characterized by asymmetric, identity-dependent externalities, and show that bilateral trade may not be …

Persistent link: https://www.econbiz.de/10010547301

Trade of Permits for Greenhouse Emissions; Bilateral Trade Need not Be the Answer

Burguet, Roberto; Sempere, Jaume - Barcelona Graduate School of Economics (Barcelona GSE)

characterized by asymmetric, identitydependent externalities, and show that bilateral trade may not be sufficient for, and may even …

Persistent link: https://www.econbiz.de/10010547495

Why Do Emerging Economies Borrow Short Term?

Broner, Fernando; Lorenzoni, Guido; Schmukler, Sergio L. - Barcelona Graduate School of Economics (Barcelona GSE) - 2011

We argue that one reason why emerging economies borrow short term is that it is cheaper than borrowing long term. This is especially the case during crises, as in these episodes the relative cost of long-term borrowing increases. We construct a unique database of sovereign bond prices, returns,...

Persistent link: https://www.econbiz.de/10010851419

Equilibrium Limited Liability Contracts in a Landlord-Tenant Market

Dam, Kaniska; Pérez-Castrillo, David - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We propose a model based on competitive markets in order to analyse an economy with several homogeneous landlords and heterogeneous tenants. We model the landlord- tenant economy as a two-sided matching game and characterise the equilibrium of this market. In equilibrium, contracts are Pareto...

Persistent link: https://www.econbiz.de/10010851498

Optimal Coexistence of Long-Term and Short-Term Contracts in Labor Markets

Macho-Stadler, Inés; Pérez-Castrillo, David; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2011

We consider a market where firms hire workers to run their projects and such projects differ in profitability. At any period, each firm needs two workers to successfully run its project: a junior agent, with no specific skills, and a senior worker, whose effort is not verifiable. Senior workers...

Persistent link: https://www.econbiz.de/10010547187

A Positive Theory of Geographic Mobility and Social Insurance

Hassler, John; Mora, José Vicente Rodríguez - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

Evidence suggests that unemployed individuals sometimes can affect their job prospects by undertaking a costly action like deciding to move or retrain. Realistically, such an opportunity arises only for some individuals and the identity of those is unobservable. Unemployment insurance should...

Persistent link: https://www.econbiz.de/10010547525

The Real Estate and Credit Bubble: Evidence from Spain

Akin, Ozlem; Montalvo, José G.; Villar, Jaume García; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

We analyze the determinants of real estate and credit bubbles using a unique borrower-lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit and price conditions (loan principal and spread, and the appraisal and market price) at the mortgage level, matched with...

Persistent link: https://www.econbiz.de/10010796239

Efficient Bidding with Externalitites

Macho, Inés; Pérez-Castrillo, David; Wettstein, David - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

We implement a family of efficient proposals to share benefits generated in environments with externalities. These … proposals extend the Shapley value to games with externalities and are parametrized through the method by which the … externalities are averaged. We construct two slightly different mechanisms: one for environments with negative externalities and the …

Persistent link: https://www.econbiz.de/10010851327

Sharing the surplus in games with externalities within and across issues

Diamantoudi, Effrosyni; Macho-Stadler, Inés; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2011

We consider environments in which agents can cooperate on multiple issues and externalities are present both within and … across issues. We propose a way to extend (Shapley) values that have been put forward to deal with externalities within … issues to games where there are externalities within and across issues. We characterize our proposal through axioms that …

Persistent link: https://www.econbiz.de/10010547233