229 resultados para Alonso de Espina

em Archivo Digital para la Docencia y la Investigación - Repositorio Institucional de la Universidad del País Vasco


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Eguíluz, Federico; Merino, Raquel; Olsen, Vickie; Pajares, Eterio; Santamaría, José Miguel (eds.)

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Antonio Duplá Ansuátegui, Piedad Frías Nogales e Iban Zaldúa (editores)

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2 caras (manuscritas) ; 215x145mm. Ubicación: Caja 1 - Carpeta 22

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Duración (en horas): De 31 a 40 horas. Nivel educativo: Grado

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Duración (en horas): De 41 a 50 horas. Nivel educativo: Grado

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This paper investigates optimal fiscal policy in a static multisector model. A Ramsey type planner chooses tax rates on each good type as well as spending levels on each good type subject to an exogenous total expenditure constraint and requirements that some minimum amount of spending be undertaken in each sector. It is shown that optimal policy does not equally spend in each sector but instead results in one of the minimum expenditure constraints binding.

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This paper investigates the exploitation of environmental resources in a growing economy within a second-best scal policy framework. Agents derive utility from two types of consumption goods one which relies on an environmental input and one which does not as well as from leisure and from environmental amenity values. Property rights for the environmental resource are potentially incomplete. We connect second best policy to essential components of utility by considering the elasticity of substitution among each of the four utility arguments. The results illustrate potentially important relationships between environmental amentity values and leisure. When amenity values are complementary with leisure, for instance when environmental amenities are used for recreation, taxes on extractive goods generally increase over time. On the other hand, optimal taxes on extractive goods generally decrease over time when leisure and environmental amenity values are substitutes. Unders some parameterizations, complex dynamics leading to nonmonotonic time paths for the state variables can emerge.

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Published also as: Documento de Trabajo Banco de España 0504/2005.

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The main objective of this paper is to analyse the value of information contained in prices of options on the IBEX 35 index at the Spanish Stock Exchange Market. The forward looking information is extracted using implied risk-neutral density functions estimated by a mixture of two-lognormals and three alternative risk-adjustments: the classic power and exponential utility functions and a habit-based specification that allows for a counter-cyclical variation of risk aversion. Our results show that at four-week horizon we can reject the hypothesis that between October 1996 and March 2000 the risk-neutral densities provide accurate predictions of the distributions of future realisations of the IBEX 35 index at a four-week horizon. When forecasting through risk-adjusted densities the performance of this period is statistically improved and we no longer reject that hypothesis. All risk-adjusted densities generate similar forecasting statistics. Then, at least for a horizon of four-weeks, the actual risk adjustment does not seem to be the issue. By contrast, at the one-week horizon risk-adjusted densities do not improve the forecasting ability of the risk-neutral counterparts.

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This paper analyzes whether a minimum wage can be an optimal redistribution policy when distorting taxes and lump-sum transfers are also available in a competitive economy. We build a static general equilibrium model with a Ramsey planner making decisions on taxes, transfers, and minimum wage levels. Workers are assumed to differ only in their productivity. We find that optimal redistribution may imply the use of a minimum wage. The key factor driving our results is the reaction of the demand for low skilled labor to the minimum wage law. Hence, an optimal minimum wage appears to be most likely when low skilled households are scarce, the complementarity between the two types of workers is large or the difference in productivity is small. The main contribution of the paper is a modelling approach that allows us to adopt analysis and solution techniques widely used in recent public finance research. Moreover, this modelling strategy is flexible enough to allow for potential extensions to include dynamics into the model.

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Published as an article in: Journal of Monetary Economics, 2003, vol. 50, issue 6, pages 1311-1331.

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Published as an article in: Topics in Macroeconomics, 2005, vol. 5, issue 1, article 17.

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Los productos biocidas presentan una serie de limitaciones para su uso como son: -Perfil toxicológico que limita su utilización en todos lo ámbitos. -Solubilidad que imposibilita o dificulta la utilización del agua como vehículo de elección. -Estado físico que en algunos casos complica la manipulación del biocida por el operador. -Condiciones de almacenamiento que precisan protección frente a la luz y a la temperatura. En esta memoria se plantea como solución a esta problemática, la formación de microencapsulados (complejos de inclusión) de biocidas de tres familias diferentes (nicotinoides, piretroides y carbamatos) y del sinergista butóxido de piperonilo, con ciclodextrinas (oligosacáridos cíclicos). El objetivo de esta investigación es desarrollar las herramientas adecuadas que permitan obtener un producto medioambientalmente compatible, que sirva de base para la obtención de formulaciones eficaces aplicables al control de plagas de insectos voladores, concretamente enfocado a la mosca doméstica (Musca doméstica), tanto en el interior como en el exterior de entornos urbanos y ganaderos. Una vez obtenido el microencapsulado se lleva a cabo su caracterización mediante diversas técnicas analíticas instrumentales: -Electroforesis capilar de zona (ECZ). -Estudios de solubilidad de fase mediante espectroscopía uv-vis. -Estudios calorimétricos (DSC, TG y DTA). -Resonancia Magnética Nuclear (RMN-H1 y RMN-C13). -Análisis Elemental (AE). -Microscopía Electrónica de Barrido (SEM). -Espectroscopía Infrarroja con Transformada de Fourier (FT-IR).

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Este trabajo ha sido presentado como ponencia en el XI Congreso Internacional de la Asociación de Dirección y Economía de la Empresa (AEDEM), celebrada en París en septiembre de 2002.

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[ES] Información sobre este proyecto ha servido de base a los siguientes artículos: