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repositories = "e-Repositori UPF"
<< < 3 4 5 6 7 > >>

Found 6,580 documents, displaying page 5 of 658

Sovereign Risk and Secondary Markets

Author(s) : Broner, Fernando , Martin, Alberto , Ventura, Jaume
Description : Conventional wisdom says that, in the absence of su¢ cient default penalties, sovereign risk constraints credit and lowers welfare. We show that this conventional wisdom rests on one implicit assumption: that assets cannot be retraded in secondary markets. Once this assumption is relaxed, there is a...
Repository : e-Repositori UPF
Language(s) : English

Enforcement Problems and Secondary Markets

Author(s) : Broner, Fernando , Martin, Alberto , Ventura, Jaume
Description : There is a large and growing literature that studies the effects of weak enforcement institutions on economic performance. This literature has focused almost exclusively on primary markets, in which assets are issued and traded to improve the allocation of investment and consumption. The general con...
Repository : e-Repositori UPF
Language(s) : English

R&D in the Pharmaceutical Industry: A World of Small Innovations

Author(s) : Domínguez, Beatriz , Ganuza Fernández, Juan José , Llobet, Gerard
Description : It is commonly argued that in recent years pharmaceutical companies have directed their R&D towards small improvements of existing compounds instead of more risky drastic innovations. In this paper we show that the proliferation of these small innovations is likely to be linked to the lack of market...
Repository : e-Repositori UPF
Language(s) : English

The Determinants of the Prevalence of Single Mothers: A Cross-Country Analysis

Author(s) : González, Libertad
Description : This paper examines the effect of public assistance, labor market and marriage market conditions on the prevalence of single mother families across countries and over time. A multinomial logit derived from a random utility approach is estimated using individuallevel data for 14 countries. I find evi...
Repository : e-Repositori UPF
Language(s) : English

Falling Real Wages During an Industrial Revolution

Author(s) : Ciccone, Antonio
Description : The Industrial Revolution was characterized by technological progress and an increasing capital intensity. Why did real wages stagnate or fall in the beginning? I answer this question by modeling the Industrial Revolution as the introduction of a relatively more capital intensive production method i...
Repository : e-Repositori UPF
Language(s) : English

One Hundred Issues of Revista Española de Financiación y Contabilidad (REFC)-Insights into Trends in the Spanish Academic Community

Author(s) : Amat Salas, Oriol , Oliveras, Ester
Description : From the year of its foundation, until the foundation of Revista de Contabilidad in 1997, REFC has been the only referred accounting journal in Spain. Published by the Spanish Association for Accounting and Business Administration (AECA), this journal is at the heart of the emergence of a distinctly...
Repository : e-Repositori UPF
Language(s) : English

Biplots of Compositional Data

Author(s) : Aitchison, J. , Greenacre, Michael J.
Description : The singular value decomposition and its interpretation as a linear biplot has proved to be a powerful tool for analysing many forms of multivariate data. Here we adapt biplot methodology to the speciffic case of compositional data consisting of positive vectors each of which is constrained to have ...
Repository : e-Repositori UPF
Language(s) : English

Correspondence Analysis of Two Transition Tables

Author(s) : Greenacre, Michael J. , Clavel, José G.
Description : The case of two transition tables is considered, that is two square asymmetric matrices of frequencies where the rows and columns of the matrices are the same objects observed at three different time points. Different ways of visualizing the tables, either separately or jointly, are examined. We gen...
Repository : e-Repositori UPF
Language(s) : English

Migration across Spanish Provinces: Evidence from the Social Security Records (1978-1992)

Author(s) : Devillanova, Carlo , García-Fontes, Walter
Description : This paper uses Social Security records to study internal migration in Spain. This is the first paper that uses this data source, which has some advantages with respect to existing data sources: it includes only job-seeking migrants and it allows to identify temporary migration. Within the framework...
Repository : e-Repositori UPF
Language(s) : English

Speculative Securities

Author(s) : Marín Vigueras, José María , Rahi, Rohit
Description : A speculative security is an asset whose payoff depends on a random shock uncorrelated with economic fundamentals (a sunspot) about which some traders have superior information. In this paper we show that agents may find it desirable to trade such a security in spite of the fact that it is a poorer ...
Repository : e-Repositori UPF
Language(s) : English
<< < 3 4 5 6 7 > >>

Found 6,580 documents, displaying page 5 of 658