The paper sets out a one sector growth model with a neoclassical production function in land and a capital-labour aggregate. If the elasticity of substitution between land and the capital-labour aggregate is less than one and if the rate of capital augmenting technical progress is strictly...

This paper provides an analysis of the Hodgskin section of Theories of Surplus Value and the general law section of the first version of Volume III of Capital. It then considers Part III of Volume III, the evolution of Marx's thought and various interpretations of his theory in the light of this...

We propose a model of investment, duration, and exit strategies for start-ups backed by venture capital (VC) funds that accounts for the high level of uncertainty, the asymmetry of information between insiders and outsiders, and the discount rate. Our analysis predicts that start-ups backed by...

Calculating explicit closed form solutions of Cournot models where firms have private information about their costs is, in general, very cumbersome. Most authors consider therefore linear demands and constant marginal costs. However, within this framework, the nonnegativity constraint on prices...

El pasado mes de julio el Ministerio de Hacienda y Administraciones Públicas hizo pública la liquidación del sistema de financiación de las comunidades autónomas de régimen común correspondiente a 2010, que marca la madurez del nuevo modelo acordado en 2009. En el presente trabajo se...

A graphical processing unit (GPU) is a hardware device normally used to manipulate computer memory for the display of images. GPU computing is the practice of using a GPU device for scientific or general purpose computations that are not necessarily related to the display of images. Many...

This paper describes the construction of series of educational attainment of the adult population insample of 21 OECD countries covering the period 1960-2010. These series are a revised version of the data set described in de la Fuente and Doménech (2002)

In this paper we study the optimal ex-ante merger policy in a model where merger proposals are the result of strategic bargaining among alternative candidates. We allow for firm asymmetries and, in particular, we emphasize the fact that potential synergies generated by a merger may vary...

En el presente trabajo se avanzan una serie de recomendaciones para la reforma del sistema de financiación de las comunidades autónomas de régimen común. La primera de ellas tiene que ver con la estructura del sistema y con el reparto de recursos entre regiones. El resto se centran en...