This paper shows the MCI model of Nakanishi and Cooper (1974) in detail, pointing out some of its limitations. Subsequently it applies this model to four zones of the Spanish geography to deterrninate the commercial areas. En este trabajo se expone detalladamente el modelo MCI de Nakanishi y...

This article analyzes the way in which intemational stock markets transmit information around the world. We are able to decompose the influenced of one market on another one in two elements: the capability of one market to exercise influence on any other market and the sensitivity of every...

Though numerous surveys where people quantify their happiness or satisfaction are available, economic research has not analysed the association between these variables and their socioeconomic characteristics until recent years. By using the 1995 world values survey for Spain, this article aims...

This paper examines the existence of common movements in production, prices and interest rates in three countries: France, Germany and the United Kingdom. To analyse this issue, the usual approach of studying cross-correlations is extended. Though these European countries are closely linked to...

This paper examines the (a)symmetry of twenty-four individual stock returns at different frequencies: daily, weekly and monthly. While some asymmetries are observed in daily returns, they disappear almost completely at lower frequencies. The explanation for this fact lies in the convergence to...

This paper examines the relationships between socioeconomic conditions and happiness or satisfaction of individuals in 15 countries. In agreement with earlier studies, age, health and marital status are strongly associated with happiness and satisfaction. In seeming contrast with other studies,...

This paper makes an approximation to the efficiency problemin the Spanish stock market. After presenting a characterizationof the real monthly output for the period 1941-1989, it analyzesthe seasonality, the volatility of share prices in relation tothe dividends they generate and, finally, the...