The analysis of long memory processes in capital markets has been one of the topics in finance, since the existence of the market memory could implicate the rejection of an efficient market hypothesis. The study of these processes in finance is realized through Hurst exponent and the most...

The aim of this paper is to determine a beta distribution of the first type, when a group of experts coincide in the minimum and the maximum values of a random variable (times, in the case of tasks; cash-flows, in the case of investments, etc.), but they disagree with the more likely values. For...

Este trabajo está centrado en el método de valoración conocido como método de las dos funciones de distribución, original de Ballestero (1973). Se pretende incorporar al método la utilización de distribuciones más flexibles (distribuciones pentaparamétricas), así como las técnicas de...

Since Mandelbrot (1963) [2] highlighted the fact that data on the yield of financial assets exhibit leptokurtosis, different distributions have been presented as alternatives to the normal distribution. So far little consideration has been given to the capacity that these distributions have to...

We estimate the labour market and health effects of a long-term unemployment (LTU) subsidy targeted to middle aged disadvantaged workers. In order to do so, we exploit a Spanish reform introduced in July 2012 that increased the age eligibility threshold to receive the subsidy from 52 to 55....

Wage dynamics is closely intertwined with job flows. However, composition effects associated to the different sizes and characteristics of workers entering/ exiting into/from employment that may blur the "true" underlying wage growth, are not typically accounted for. In this paper, we take these...

This paper modifies Van den Berg's (1990) nonstationary model of search, considering the existence of a firing probability. The presence of firing makes unemployed workers lower their reservation wage because of the entitlement effect embodied in accepting a job offer. In this nonstationary...

This paper examines unemployed workers' declared willingness to work for a wage lower than the one warranted by their qualification. We analyze which personal and economic characteristics determine this willingness and how it changes as unemployment spells lengthen. Moreover, we also study the...