Versatile methodology to hydrate alkynes, in the presence of a wide variety of functional groups, with Mercury(II) p-Toluensulfonamidate, under catalytic, mild and neutral conditions

A method to generate carbonylic compounds from alkynes under mild and neutral conditions, with excellent functional group compatibility and high yields, is described. Hydration takes place under catalytic conditions by using from 0.1 to 0.2 equivalents of the easily available and inexpensive mercury(II) p-toluensulfonamidate in a hydroalcoholic solution. After use the catalyst is iner tized and/or recycled ...

Elicited bid functions in (a)symmetric first-price auctions

We report on a series of experiments that examine bidding behavior in first-price sealed bid auctions with symmetric and asymmetric bidders. To study the extent of strategic behavior, we use an experimental design that elicits bidders' complete bid functions in each round (auction) of the experiment. In the aggregate, behavior is consistent with the basic equilibrium predictions for risk neutral or homogenous risk averse bidders (extent of bid shading, average seller's revenues and deviations from equilibrium). However, when we look at the extent of best reply behavior and the shape of bid functions, we find that individual behavior is not in line with the received equilibrium models, although it exhibits strategic sophistication.

Bidding at sequential first-price auctions with(out) supply uncertainty: a laboratory analysis

We report on a series of experiments that test the effects of an uncertain supply on the formation of bids and prices in sequential first-price auctions with private-independent values and unit-demands. Supply is assumed uncertain when buyers do not know the exact number of units to be sold (i.e., the length of the sequence). Although we observe a non-monotone behavior when supply is certain and an important overbidding, the data qualitatively support our price trend predictions and the risk neutral Nash equilibrium model of bidding for the last stage of a sequence, whether supply is certain or not. Our study shows that behavior in these markets changes significantly with the presence of an uncertain supply, and that it can be explained by assuming that bidders formulate pessimistic beliefs about the occurrence of another stage.

Implementing a double dividend: recycling ecotaxes towards lower labour taxes

In this paper we follow the tradition of applied general equilibrium modelling of the Walrasian static variety to study the empirical viability of a double dividend (green, welfare, and employment) in the Spanish economy. We consider a counterfactual scenario in which an ecotax is levied on the intermediate and final use of energy goods. Under a revenue neutral assumption, we evaluate the real income and employment impact of lowering payroll taxes. To appraise to what extent the model structure and behavioural assumptions may influence the results, we perform simulations under a range of alternative model and policy scenarios. We conclude that a double dividend –better environmental quality, as measured by reduced CO2 emissions, and improved levels of employment– may be an achievable goal of economic policy.

Inflation and factor shares

We use results from the literature on the determinants of price-cost margins to derive an equation relating labor's share of national income to the inflation rate (as well as to the output gap, the unemployment rate and the capital stock per worker). The equation is tested with a panel of 15 OECD countries. We obtain a robust positive relationship between inflation and the labor share. Our results suggest that disinflation is not distributively neutral, provide empirical support for the distinct concern about price stability shown by trade unions and employers' organizations, and help explaining the negative impact of inflation on growth.

Environmental regulation: choice of instruments under imperfect compliance

Compliance is an important issue in environmental regulation. In this paper, we discuss some of the key elements of the problem and analyze a situation where emissions are not random and firms are risk-neutral. We study the firm's decision on emissions and compliance when the environmental regulation is based on standards and the enforcement agency audits the firm with a certain probability. We then compare total emissions when environmental regulation is based on different instruments: standards, taxes, and tradable permits. We show that when compliance is an issue, environmental taxes are superior to the other instruments. We also analyze the (static) efficiency of the solution.

Frames and games

Decision-makers are sometimes influenced by the way in which choice situations are presented to them or "framed" This can be seen as an important challenge to the social sciences, since strong and pervasive framing effects would make it difficult to study human behavior in a synthetic or theoretic manner. We present results from experiments with dilemma games designed to shed light on the effects of several frame variations. We study, among others, the particular public bad frame used by Andreoni (1995) and two more naturalistic frames involving stories. Our results show that none of the frame manipulations have a significant effect on average behavior, but we do find some effects on extreme behavior. We also find that incentives do matter where frames do not matter.

Incentives for interdisciplinary research

This paper is a positive analysis of the driving forces in interdisciplinary research. I take the perspective of a research institution that has to decide how to apply its resources among the production of two types of knowledge: specialized or interdisciplinary. Using a prize mechanism of compensation, I show that the choice of interdisciplinarity is compatible with profit maximization when the requirement for the production is sufficiently demanding, and when the new interdisciplinary field is not too neutral. Productive gains due to complementarities of efforts is the main advantage of interdisciplinary organization.

A nonlinear threshold model for the dependence of extremes of stationary sequences

One of the main implications of the efficient market hypothesis (EMH) is that expected future returns on financial assets are not predictable if investors are risk neutral. In this paper we argue that financial time series offer more information than that this hypothesis seems to supply. In particular we postulate that runs of very large returns can be predictable for small time periods. In order to prove this we propose a TAR(3,1)-GARCH(1,1) model that is able to describe two different types of extreme events: a first type generated by large uncertainty regimes where runs of extremes are not predictable and a second type where extremes come from isolated dread/joy events. This model is new in the literature in nonlinear processes. Its novelty resides on two features of the model that make it different from previous TAR methodologies. The regimes are motivated by the occurrence of extreme values and the threshold variable is defined by the shock affecting the process in the preceding period. In this way this model is able to uncover dependence and clustering of extremes in high as well as in low volatility periods. This model is tested with data from General Motors stocks prices corresponding to two crises that had a substantial impact in financial markets worldwide; the Black Monday of October 1987 and September 11th, 2001. By analyzing the periods around these crises we find evidence of statistical significance of our model and thereby of predictability of extremes for September 11th but not for Black Monday. These findings support the hypotheses of a big negative event producing runs of negative returns in the first case, and of the burst of a worldwide stock market bubble in the second example. JEL classification: C12; C15; C22; C51 Keywords and Phrases: asymmetries, crises, extreme values, hypothesis testing, leverage effect, nonlinearities, threshold models

Estudis funcionals i de plegament dels dominis d'activació de les procarboxipeptidases

Els dominis d’activació (ADs) de les procarboxipeptidases de la subfamília A/B sempre han sorprès ja que representen una quarta part del proenzim. S’han realitzat alguns estudis per intentar descobrir-ne alguna possible funció alternativa, però no han estat fructífers. El descobriment de l’elevada velocitat de plegament del domini d’activació de la procarboxipeptidasa A2 humana, (ADA2h), emperò, va portar a proposar la possibilitat de que realitzessin una funció d’assistència al plegament del domini enzimàtic. Posteriorment, l’anàlisi del plegament d’ADA2h a pH baix va revelar la capacitat d’aquest domini per formar fibres amiloides, a més de demostrar que un increment de l’estabilitat proteica podia prevenir la formació d’aquests agregats. La profunda caracterització del plegament d’ADA2h va fer que aquesta proteïna fos un bon model amiloidogènic, de manera que es van proposar un seguit d’experiments que s’han desenvolupat en el present treball per tal de conèixer millor aquest procés. S’han dut a terme estudis cinètics d’agregació per tal de valorar la contribució dels diferents aminoàcids de la seqüència polipeptídica, utilitzant 29 variants puntuals d’ADA2h. Es va eliminar la contribució de l’estabilitat mitjançant la utilització d’urea, i per dicroïsme circular conjuntament amb un aparell de flux detingut, es van obtenir dues velocitats diferents, v1 i v2, que corresponen a la formació d’un intermediari i a la seva reorganització, respectivament. Experiments complementaris utilitzant espectroscòpia d’infraroig (IR) revelaren la reorganització de l’estat natiu (en aquest cas) per a donar la forma agregada. Les cinètiques d’IR van mostrar que ADA2h forma l’estructura _ típica de les fibres amiloides, previ desplegament les seves hèlixs-_. Finalment, s’han realitzat estudis de biocomputació per tal d’esbrinar possibles funcions alternatives dels ADs. Les superposicions estructurals semblen mostrar similaritat dels ADs amb dominis de reconeixement d’RNA (RRM). Aquesta hipòtesi s’ha comprovat experimentalment amb ADA4h, mostrant una dèbil, però existent, unió a RNA.

Optimal feedback control rules sensitive to controlled endogenous risk-aversion

The objective of this paper is to correct and improve the results obtained by Van der Ploeg (1984a, 1984b) and utilized in the theoretical literature related to feedback stochastic optimal control sensitive to constant exogenous risk-aversion (see, Jacobson, 1973, Karp, 1987 and Whittle, 1981, 1989, 1990, among others) or to the classic context of risk-neutral decision-makers (see, Chow, 1973, 1976a, 1976b, 1977, 1978, 1981, 1993). More realistic and attractive, this new approach is placed in the context of a time-varying endogenous risk-aversion which is under the control of the decision-maker. It has strong qualitative implications on the agent's optimal policy during the entire planning horizon.

Els aliments transgènics

Treball de recerca realitzat per un alumne d’ensenyament secundari i guardonat amb un Premi CIRIT per fomentar l'esperit científic del Jovent l’any 2008. La hipòtesi de partida és que les plantes de blat de moro no modificades genèticament són més resistents a tres paràmetres que no pas les transgèniques. Aquests tres paràmetres són: un augment de temperatura, reg amb aigua salada i absència d’aigua. Inclou també una incursió al món dels transgènics i la polèmica actual, concretada en les entrevistes fetes, amb l’objectiu de tenir criteri amb coneixement de causa. Es conclou que el món científic, que se suposa objectiu i neutral, en el tema dels transgènics és confús i que la majoria de la població està desinformada. Els moviments de conscienciació ciutadana fan de contrapunt als possibles abusos de les multinacionals. La situació dels agricultors és de dependència de les multinacionals. Gràcies als transgènics però s’ha pogut avançar en el camp dels medicaments. Referent a l’experiment, no té valor científic perquè la mostra no és representativa i els resultats són atzarosos.

Dynamic stackelberg game with risk-averse players: optimal risk-sharing under asymmetric information

The objective of this paper is to clarify the interactive nature of the leader-follower relationship when both players are endogenously risk-averse. The analysis is placed in the context of a dynamic closed-loop Stackelberg game with private information. The case of a risk-neutral leader, very often discussed in the literature, is only a borderline possibility in the present study. Each player in the game is characterized by a risk-averse type which is unknown to his opponent. The goal of the leader is to implement an optimal incentive compatible risk-sharing contract. The proposed approach provides a qualitative analysis of adaptive risk behavior profiles for asymmetrically informed players in the context of dynamic strategic interactions modelled as incentive Stackelberg games.

Hacia un entrenamiento del actor

Esta investigación está basada en la intención de crear una guía de entrenamiento para el actor, que busca asumir un compromiso con su cuerpo, como instrumento para la creación escénica. El trabajo del actor-actriz está irremediablemente vinculado a su cuerpo, todo lo humano se enmarca en un cuerpo vivido, en el espacio y en el tiempo, no es algo neutral. Sabemos que cada actor-actriz, tiene una noción de su esquema corporal, entendiendo por esquema corporal la representación en imágenes de los diferentes segmentos corporales que conforman nuestro cuerpo y la percepción de éste esquema corporal, estará en función de su capacidad de auto-percepción

El canal Segarra-Garrigues y la (de)construcción de los problemas del agua: un estudio centrado en el papel del experto, los procesos decisionales y la generación participativa del conocimiento

Este trabajo de investigación se centra en la problemática hídrica y, concretamente, en el enfoque con el que, actualmente, se describen y se tratan estos problemas. Así, se analiza el modelo estructuralista hidráulico como una de estas fuentes de interpretación y proposición. Pero, también, se estudia cómo ha contribuido la labor científica que realizan en este contexto los expertos sobrre aguas -principalmente, ingenieros y técnicos- a establecer el "framing" predominante. Con la preocupación de estar tratando con un recurso vital que ante una distribución y gestión hídricas deficientes o inapropiadas genera problemas prácticos de urgente resolución, se empieza a cuestionar, como hacen las nuevas concepciones como la gestión integrada de cuencas hidrográficas o la Nueva Cultura del Agua, el modo actual de enmarcar el problema. En este sentido, se adopta como objetivo tratar de reverter la dinámica de crecimiento de la demanda y encontrar fórmulas no centralizadas de gestión, que no requieran un conocimiento completo del sistema hidrológico y de gestión, que no detenten visiones fragmentadas de la situación hídrica y que no mantengan un "framing" estático y determinista. Y, para ello, se toma como inicio, lo que sucede en los conflictos en torno al agua. Así, se considera la tensión que existe entre "nuevos" y "viejos" paradigmas no sólo una discusión académico-teórica, sino, también una cuestión de gobernabilidad hídrica. De este modo, se presenta como una oportunidad para el cambio tanto la situación compleja e incierta que caracteriza y envuelve la gestión del agua como la diversidad de "miradas" al problema (y de soluciones) que existen en la contingencia social. Además, se contemplan, como sugerencias de innovación conceptual y procedural, los mecanismos de interacción, comunicación y presión que surgen en estos contextos. Se aborda el caso del canal de riego del Segarra-Garrigues en Lleida, precisamente, para indagar en todos estos aspectos, como un ejemplo de este encuentro entre nuevas realidades y anacrónicas incercias y de la inquietud de algunos actores por redefinir el "framing" hegemónico. Para ello, se da especial importancia a los procesos de toma de decisiones y de generación del conocimiento, prestando atención a cómo condicionan, en los problemas y en la búsqueda de soluciones, la filosofía e ideología científica y política empleadas en el marco del agua. De este análisis se desprenden algunas opciones para experimental en etapas venideras de la investigación. En este documento, entonces, se discute sobre qué otros modes de investigar-decidir-actuar podrían darse, pero también, se describe qué se ha hecho, hasta el momento, al respecto. En este sentido, aparecen cuestiones como la redeficinión del rol del experto-investigador, la práctica participativa en la generación del conocimiento, la sinergia entre las motivaciones científico-teóricas con las preocupaciones locales y la integración entre el estudio y los procesos de (auto)organizativos que se dan en el conflicto. Y, en definitiva, se hacen patentes muchos de los retos que enfrentan hoy en día la gestión y placificación hidrológicas.