Seminario 22/11: Magdalena Kapelko (Wroclaw University of Economics and Business) – Measuring Firms’ Dynamic Inefficiency Accounting for Corporate Social Responsibility in the US Food and Beverage Manufacturing Industry


Abstract This article proposes an innovative approach to evaluate firms’ inefficiency accounting for corporate social responsibility (CRS) activities of firms. In the first step, we estimate dynamic inefficiency for each input, marketable output, CSR output and investment using Data Envelopment Analysis. Dynamic inefficiency measure accounts for the confounding role of adjustment costs related with firms’…

Seminario 22/10: Maria Chiara Pagliarella (University of Cassino and Southern Lazio). Three-fold Fay-Herriot model for small area estimation


This paper introduces a three-fold Fay-Herriot model with random effects at three hierarchical levels. Small area best linear unbiased predictors of linear indicators are derived from the new model and the corresponding mean squared errors are approximated and estimated analytically and by parametric bootstrap. The problem of influence analysis and model diagnostics is addressed by…

Seminario 22/09 – Debrah Meloso (Toulouse Business School) Algorithm choice in experimental markets: individual and aggregate effects


We use high-performance Continuous Double Auction trading software and algorithms to study the effects of algorithmic trading on pricing and allocative efficiency in a laboratory environment. In addition to trading manually, participants can deploy algorithms that bid marginal valuations modulo a spread and a market-making (maker) or liquidity-taking (taker) parameter. The spread and maker/taker parameters…

Seminario 22/08: Agustí Segarra Blasco (Universitat Rovira i Virgili). Investigar y divulgar: ¿dos caras de la misma moneda?


La investigación científica y la divulgación, esto es poner al alcance de un público más amplio son dos caras de una misma moneda, pero no es lo mismo. Entre los científicos y también entre los economistas encontramos a grandes investigadores que con el paso de los años también se han convertido en divulgadores muy populares…

Seminario 22/07: Mauro Mediavilla (Universitat de València e Institut d’Economia de Barcelona) Impact of Bullying of Academic Performance in Spain


Bullying is a widespread problem throughout the world that affects one in three students and whose consequences can last in the long term. The main objective of this research is to study the causal relationship between bullying and academic performance on 15-year-old students in Spain. The databases used come from the external evaluation of the…

Seminario 22/06: José R. Morales (Universidad de Valladolid) Transboundary pollution and Economic Geography in a dynamic game framework


This paper formulates and analyzes a dynamic game between two trading regions that face a transboundary pollution problem. We study how the distribution of firms and trade costs affect the optimal emission decision of governments and how the resulting environmental policy would alter the allocation of the industry between both countries. The underlying microeconomic behaviour…

Seminario 22/05: Andrés Sánchez Picón (Universidad de Almería) – El desarrollo minero (siglos XIX y XX): ¿Un caso más de maldición de los recursos naturales o de fracaso institucional?


En este seminario se va a tratar un tema de actualidad, el aprovechamiento de los recursos naturales y sus efectos sobre el desarrollo económico. Para ello se analiza un sector de gran trascendencia en la historia económica española: la explotación de los abundantes y variados recursos de su subsuelo en los siglos XIX y XX….

Seminario 22/04: Concepción González García (UCAM): Fiscal Consolidation in Heavily Indebted Economies

Public debt

In this paper, I build a dynamic general equilibrium model calibrated to the U.S. economy to study the macroeconomic effects of alternative fiscal consolidation strategies in a context where the private sector is heavily indebted. Fiscal consolidation is defined as a permanent reduction of the public debt-to-GDP ratio by means of government spending cuts or…