Seminario 18/7: CANCELADO HASTA NUEVA ORDEN Juan José Ganuza (UPF and Barcelona GSE) and Fernando Gómez (UPF)- Formal Contracts Without Courts. Scoring Suppliers to Build Trust

Formal contract

CANCELADO POR ENFERMEDAD DEL PONENTE. SE AVISARÁ CUANDO SE FIJE OTRA POSIBLE FECHA. ABSTRACT Relevant empirical findings point at the actual use of explicit (but imperfectly en- forceable) formal contracts by businesses alongside substantial informal dimensions in the relationship. In this paper we formally show the supporting role that formal contracts play for relational interactions. …

Seminario 18/04: Francisco Alcalá Agulló (Universidad de Murcia)- Growth Sustainability and the Quality Dimension of Consumption


Abstract Which are the factors affecting the long run sustainability of GDP growth? This paper discusses a potentially important one that has been disregarded so far: the shift in advanced economies from quantity to quality growth. First, the paper lays down a simple model introducing the quality dimension of consumption into the IPAT analytical framework….

Seminario 18/02: Jordi Massó (Universitat Autónoma de Barcelona) – Not all majority-based social choice functions are obviously strategy-proof


Abstract We consider two families of strategy-proof social choice functions based on the majority principle: extended majority voting rules on the universal domain of preferences over two alternatives and generalized median voter schemes on the domain of single-peaked preferences over a finite and linearly ordered set of alternatives. We characterize their respective subclasses of obviously…

Seminario 18/01: Mª Pilar Martínez García (U. Murcia) – Tourism, environment and growth in an economy with pollution abatement activities


Abstract In this paper a dynamic model of economic growth, tourism and environment is studied. The model considers tourists in the economy as optimizing agents, interacting with domestic consumers. The number of tourists arriving in the country follows the Tourism Are Life-cycle model with a tourism carrying capacity dependent on environmental quality. Tourism hurts environment and abatement activities have…

Seminario 17/21:- José Rueda Llano (Friedrich-Schiller University) – Incentive Compatible Price Adjustments in Large Markets


Abstract The appeal of the concept of perfectly competitive equilibrium (PCE), to describe the outcome of trade in competitive markets, relies on three assumptions: 1) in the absence of frictions, PCE is the result of the centralized or decentralized interaction of rational agents, 2) whenever the market is out of equilibrium, an adjustment process would…

Seminario 17/13: Miguel González Maestre (U. Murcia) – Populist Traps under Democratic Competition Policy


Abstract In a two-sector economy, we consider the endogenous determination of the level of competition in the imperfectly competitive sector, under democratic, non-manipulated voting. In the context of the Salop’s (1979) circular model, we identify conditions such that besides a competitive equilibrium (with most voters choosing the efficient level of transport cost), a «populist» equilibrium…

Seminario 17/05: – Luís C. Corchón (U. Carlos III)- Oligopolistic Equilibrium and Financial Constraints


Abstract We provide a model of dynamic duopoly in which firms take into account the financial constraints of all firms. The study of the equilibria of our dynamic game leads to the concept of Bankruptcy-Free outputs (BF) in which no firm can drive another firm to bankruptcy without becoming bankrupt itself. We show that, in…

Seminario 17/03: – Asier Minondo Uribe-Etxeberria (U. Deusto) – The contribution of fundamental and granular comparative advantage to export specialization


Abstract: Neoclassical models of international trade do not grant firms any role in shaping countries’ export specialization. However, the evidence shows that in many countries few firms dominate sectoral exports. In this paper we propose an easy-to-implement methodology to determine the contribution of country-level variables, fundamental comparative advantage, and firm-level variables, granular comparative advantage, to…

Seminario 16/17: Pedro Marques (Instituto Ingenio, CSIC-UPV) -The six presumptions of smart specialisation


Abstract: For the funding period of 2014-2020, the European Union demanded from all regions or countries the design of a ‘smart specialisation’ strategy. One of the main goals of this strategy was to shift cohesion fund spending away from infrastructure and to encourage policies that stimulate innovation and increase business competitiveness. A second major goal…

Seminario 16/09: – Berta Ferrer (U. Lleida)- How and how much do air travellers spend? Bringing trip budget share and trip total expenditure together


Microeconometric analysis of tourist expenditure as a function of traveler characteristics has focused on total absolute expenditure, on absolute expenditures per trip budget parts, and in relative terms per trip budget parts. The analysis of absolute trip expenditure by budget parts confounds how much (budget volume) and how (budget allocation) tourists spend, while that of…