This paper considers the design of equalisation transfers in the presence of asymmetric information with respect to the provision cost of regional public output (Adverse selection). To overcome this problem, the central layer of government has to design an optimal incentive-compatible direct...

This research finds neither significant differences in earnings and revenues for farms using fair value (FV) for biological assets with respect to those valuing at historic cost (HC), nor an increase in their volatility. It does not bring about differences in profitability, accounting...

This work carries out an empirical evaluation of the impact of the main mechanism for regulating the prices of medicines in the UK on a variety of pharmaceutical price indices. The empirical evidence shows that the overall impact of the rate of return cap appears to have been slight or even...

The current state of regional and urban science has been much discussed and a number of studies have speculated on possible future trends in the development of the discipline. However, there has been little empirical analysis of current publication patterns in regional and urban journals. This...

The problem of the consideration of any interest like usury and the ways to avoid the ecclesiastical condemnation were some of the main economic and moral topics of the traditional Europe. This paper shows the origins and foundations of the ecclesiastical doctrine on the usury, the appearance of...

The economics literature on urban solid waste collection is scarce, although this type of services has undergone organizational as well as regulatory reforms. This research studies the cost structure of solid waste collection in order to explain why the costs caused by this service vary among...

This paper analyzes the relationship between spatial density of economic activity and interregional differences in the productivity of industrial labour in Spain during the period 1860-1999. In the spirit of Ciccone and Hall (1996) and Ciccone (2002), we analyze the evolution of this...

We use a set of landscape metrics to study the long-term environmental transformation of a typical coastal Mediterranean area from 1850 to 2005. Our figures show a dramatic environmental deterioration between 1950 and 2005. The main proximate drivers of this landscape degradation are the effects...

Spain was not admitted to the then European Economic Community during the Francos regime for political reasons. Joining the EU on January 1986 was the last and final step forward towards the definitive consolidation of democracy in Spain and the consolidation of the opening of the Spanish...

Distortion risk measures summarize the risk of a loss distribution by means of a single value. In fuzzy systems, the Ordered Weighted Averaging (OWA) and Weighted Ordered Weighted Averaging (WOWA) operators are used to aggregate a large number of fuzzy rules into a single value. We show that...