We propose an alternative method of obtaining stylized facts on comovement, based on the cross-correlation function of the prewhitened time series, which only depends on the purely stochastic components of the series and the cross effects between them. This approach has the property of being...

In this paper the scope of the applicability of the Stackelberg equilibrium concept in differential games is investigated. Firstly, conditions for obtaining the coincidence between the Stackelberg and Nash equilibria are defined in terms of the instantaneous pay-off function and the state...

We study whether people's behavior in a one-shot sequential public goods type situation is affected by social information about average behavior by others in the same situation. The kind of social information we consider does not directly affect subjects' payoffs and we are, therefore, able to...

En este trabajo estimamos el Valor Monetario de una Vida Estadística en España a partir de preferencias declaradas por la población general. El contexto de valoración elegido es el de los accidentes de tráfico. La metodología empleada es la Valoración Contingente. En la encuesta realizada...

This paper explores the existence of stable research teams, when each agent's preferences depend on the set of researchers collaborating with her. We introduce a property over researchers' preferences, called tops responsiveness guaranteeing the existence of stable research teams configurations....

This paper discusses how the state government's behavior is affected when the so-called Representative Tax System (RTS) equalization scheme is implemented. In particular, we study the changes in the marginal cost of the public funds (MCPF), and in the first order conditions for the optimal...

The present paper models jointly the evolution of compliance to regulation and the evolution of the CPR stock in the context of an evolutionary process emerging from combining replicator dynamics, which describe the adoption of harvesting rules, with resource stock dynamics. This evolutionary...

Plurality rule, when applied to a fixed agenda setting, is mostly criticized from being capable of choosing an alternative considered as worst by a strict majority. In this paper we consider an endogenous agenda setting with no more than three alternatives. In those equilibria where the...

In this article we further develop the suggestion of obtaining stylized facts on comovement on the basis of prewhitened time series proposed in André, Pérez and Martín (2002). Firstly, we show some examples on the robustness of the method. Secondly, we test the relevance of such a proposal by...

The role of monetary policy rules to explain the behaviour of central banks has received an increasing attention during the last few years. The Spanish case could be of interest given that, with an inflation above the European average, was able to conduct its monetary policy and to control the...