We are interested on why and how an economic system evolves and, in particular, on the causes of the differences across systems of innovation (SI). SI’s performance differs substantially because there are specific causes at work, apart from the differences in the underlying technologies,...

El objetivo de este trabajo es el estudio de la evolución de los derechos y bienes comunales en el entorno rural de la ciudad de Madrid durante la Edad Moderna. El análisis a largo plazo permite detrminar los diferentes procesos de cambio y los factores de estas transformaciones. El objetivo...

The aim of this paper is to evaluate the impact of Madrid’s fuel demand on the near surrounding territory in the early modern period, both from an economic and an ecological viewpoint. Fuel supply (charcoal and timber) to Madrid required the raising of resources from a vast territory of inland...

This paper presents the outline of the evolution of woodlands in Early Modern Age in the Tierra de Madrid. There were two different areas: the south and east, with an advanced process of deforestation at the late Middle Ages, and the north and west, where the main forest thickness was...

El estudio de la gestión de las finanzas Municipales permite profundizar en el conocimiento de la funcionalidad y eficiencia de las instituciones en la Edad Moderna. En este trabajo se analiza el caso del patrimonio municipal de Madrid, una parte fundamental de las haciendas locales. Su...

We rely on efficiency and productivity analysis based on Malmquist indices to evaluate to what extent policy-makers have been able to promote the creation and consolidation of comprehensive research groups that contribute to the implementation of a successful innovation system. We suggest that...

This paper studies the relation between labour market institutions and educational systems and how this relation may affect youth unemployment rates. By constructing a signalling model in which education can be used as a signal of workers’ unobserved productivity and firms face firing costs,...

Determination of the optimal city size underlies the economic rationality of infrastructure provision by local governments. We investigate the existence of decreasing average costs resulting from economies of scale, associated with larger urban dimensions in terms of population and housing, and...

We design experiments to study the extent to which individuals differ in their motivations behind costly punishment and rewarding. Our findings qualify existing evidence and suggest that the largest fraction of players is motivated by a mixture of both inequity-aversion and reciprocity, while...

Global warming, intermittent production, and efficient use of energy require adequate demand response policies. The price inelasticity of electricity demand represents the main obstacle for developing adequate measures. A potential source of demand inelasticity is the temperature effect ‐the...