In this paper we present a Stackelberg differential game to study the dynamic interaction between a polluting firm and a regulator who sets pollution limits overtime. At each time, the firm settles emissions taking into account the fine for non-compliance, and balances current costs of...

Did multinationals already existed in the 19th century? and if so, what was their role in international technology transfer to colonial markets? In this paper we examine a French machinery manufacturer -Derosne & Cail- one of the most innovative engineering firms in the mid-nineteenth century as...

During the second half of the 19th century transportation costs decreased sharply. Among the most notable technological advances that lead to the transportation revolution we find the arrival of the railways. This paper provides a quantitative analysis of the expansion of the railways at the...

This paper uses data from the 2002-2005-2008 waves of the Spanish Survey of Household Finances (EFF) to investigate whether debts burdens hamper people's health. Several measures of debt strain are constructed, including debt-to-income ratios, the existence of debt arrears and amounts of...

El objeto de este artículo es sintetizar la larga historia de la Teoría de las Áreas Monetarias Óptimas, desde las ideas primigenias de mediados del siglo XX hasta los últimos debates surgidos en los albores del siglo XXI, haciendo especial hincapié en las aportaciones del considerado...

Panel Data Toolbox is a new package for MATLAB that includes functions to estimate the main econometric methods of panel data analysis. The package includes code for the standard fixed, between and random effects estimation methods, as well as for the existing instrumental panel and new spatial...

The interactive implementation of agents’ intentional actions generates new combinations that are at the base of structural change and complexity and produce unexpected consequences. An interesting case of study is provided by the absorption of new technology strategies for development. A...

Between 1949 and 1989, communism restricted private entrepreneurship in East Germany, but even after reunification in 1990 entrepreneurship remained low compared to other transition economies. To quantify the determinants of low entrepreneurship in East Germany and its impact on economic...

Cost or revenue efficiency measurement based on the approach initiated by Farrell has received great attention from academics and practitioners since the fifties. Farrell’s approach decomposes cost efficiency into two different sources, viz. technical efficiency and allocative efficiency....