Evaluating the impact of public subsidies on a firm's performance: A quasi-experimental approach

Many regional governments in developed countries design programs to improve the competitiveness of local firms. In this paper, we evaluate the effectiveness of public programs whose aim is to enhance the performance of firms located in Catalonia (Spain). We compare the performance of publicly subsidised companies (treated) with that of similar, but unsubsidised companies (non-treated). We use the Propensity Score Matching (PSM) methodology to construct a control group which, with respect to its observable characteristics, is as similar as possible to the treated group, and that allows us to identify firms which retain the same propensity to receive public subsidies. Once a valid comparison group has been established, we compare the respective performance of each firm. As a result, we find that recipient firms, on average, change their business practices, improve their performance, and increase their value added as a direct result of public subsidy programs.

An empirical analysis of wealth taxation: equity Vs.tax compliance

Capital taxation is currently under debate, basically due to problems of administrative control and proper assessment of the levied assets. We analyze both problems focusing on a capital tax, the annual wealth tax (WT), which is only applied in five OECD countries, being Spain one of them. We concentrate our analysis on top 1% adult population, which permits us to describe the evolution of wealth concentration in Spain along 1983-2001. On average top 1% holds about 18% of total wealth, which rises to 19% when tax incompliance and under-assessment is corrected for housing, the main asset. The evolution suggests wealth concentration has risen. Regarding WT, we analyze whether it helps to reduce wealth inequality or, on the contrary, it reinforces vertical inequity (due to especial concessions) and horizontal inequity (due to the de iure and to de facto different treatment of assets). We analyze in detail housing and equity shares. By means of a time series analysis, we relate the reported values with reasonable price indicators and proxies of the propensity to save. We infer net tax compliance is extremely low, which includes both what we commonly understand by (gross) tax compliance and the degree of under-assessment due to fiscal legislation (for housing). That is especially true for housing, whose level of net tax compliance is well below 50%. Hence, we corroborate the difficulties in taxing capital, and so cast doubts on the current role of the WT in Spain in reducing wealth inequality.

Lowering blood alcohol content levels to save lives: The european experience

Road safety has become an increasing concern in developed countries due to the significant amount of mortal victims and the economic losses derived. Only in 2005 these losses rose to 200.000 million euros, a significant amount - approximately the 2% of its GDP- that easily justifies any public intervention. One tool used by governments to face this challenge is the enactment of stricter policies and regulations. Since drunk driving is one of the most important concerns of public authorities on this field, several European countries decided to lower their illegal Blood Alcohol Content levels to 0.5 mg/ml during the last decade. This study evaluates for the first time the effectiveness of this transition using European panel-based data (CARE) for the period 1991-2003 using the Differences-in-Differences method in a fixed effects estimation that allows for any pattern of correlation (Cluster-Robust). My results show the existence of positive impacts on certain groups of road users and for the whole population when the policy is accompanied by some enforcement interventions. Moreover, a time lag of more than two years is found in that effectiveness. Finally, I also assert the importance of controlling for serial correlation in the evaluation of this kind of policies.

Are two-part tariffs efficient when consumers plan ahead?: An empirical study

During the last two decades there has been an increase in using dynamic tariffs for billing household electricity consumption. This has questioned the suitability of traditional pricing schemes, such as two-part tariffs, since they contribute to create marked peak and offpeak demands. The aim of this paper is to assess if two-part tariffs are an efficient pricing scheme using Spanish household electricity microdata. An ordered probit model with instrumental variables on the determinants of power level choice and non-paramentric spline regressions on the electricity price distribution will allow us to distinguish between the tariff structure choice and the simultaneous demand decisions. We conclude that electricity consumption and dwellings’ and individuals’ characteristics are key determinants of the fixed charge paid by Spanish households Finally, the results point to the inefficiency of the two-part tariff as those consumers who consume more electricity pay a lower price than the others.

Factors explaining local privatization: A meta-regression analysis

Privatization of local public services has been implemented worldwide in the last decades. Why local governments privatize has been the subject of much discussion, and many empirical works have been devoted to analyzing the factors that explain local privatization. Such works have found a great diversity of motivations, and the variation among reported empirical results is large. To investigate this diversity we undertake a meta-regression analysis of the factors explaining the decision to privatize local services. Overall, our results indicate that significant relationships are very dependent upon the characteristics of the studies. Indeed, fiscal stress and political considerations have been found to contribute to local privatization specially in the studies of US cases published in the eighties that consider a broad range of services. Studies that focus on one service capture more accurately the influence of scale economies on privatization. Finally, governments of small towns are more affected by fiscal stress, political considerations and economic efficiency, while ideology seems to play a major role for large cities.

Productive efficiency and regulatory reform: The case of vehicle inspection services

Measuring productive efficiency provides information on the likely effects of regulatory reform. We present a Data Envelopment Analysis (DEA) of a sample of 38 vehicle inspection units under a concession regime, between the years 2000 and 2004. The differences in efficiency scores show the potential technical efficiency benefit of introducing some form of incentive regulation or of progressing towards liberalization. We also compute scale efficiency scores, showing that only units in territories with very low population density operate at a sub-optimal scale. Among those that operate at an optimal scale, there are significant differences in size; the largest ones operate in territories with the highest population density. This suggests that the introduction of new units in the most densely populated territories (a likely effect of some form of liberalization) would not be detrimental in terms of scale efficiency. We also find that inspection units belonging to a large, diversified firm show higher technical efficiency, reflecting economies of scale or scope at the firm level. Finally, we show that between 2002 and 2004, a period of high regulatory uncertainty in the sample’s region, technical change was almost zero. Regulatory reform should take due account of scale and diversification effects, while at the same time avoiding regulatory uncertainty.

Urban bike

Treball de recerca realitzat per un grup d’alumnes d’ensenyament secundari i guardonat amb un Premi CIRIT per fomentar l'esperit científic del Jovent l’any 2008. Es presenta un pla d’empresa del sector turístic. L’activitat de l’empresa serà organitzar viatges amb rutes organitzades per diferents capitals europees i també algunes rutes dintre del territori espanyol amb bicicleta, oferint un servei complet.

Urbanització benestar

Treball de recerca realitzat per un grup d’alumnes d’ensenyament secundari i guardonat amb un Premi CIRIT per fomentar l'esperit científic del Jovent l’any 2008. Es presenta un pla d’empresa per a la construcció d’una urbanització adreçada a la gent gran.

The Complete Information First. Price Auction or the Importance of Being Indivisible

Abstract Despite the popularity of auction theoretical thinking, it appears that no one has presented an elementary equilibrium analysis of the first-price sealed-bid auction mechanism under complete information. This paper aims to remedy that omission. We show that the existence of pure strategy undominated Nash equilibria requires that the bidding space is not "too divisible" (that is, a continuum). In fact, when bids must form part of a finite grid there always exists a "high price equilibrium". However, there might also be "low price equilibria" and when the bidding space is very restrictive the revenue obtained in these "low price equilibria" might be very low. We discuss the properties of the equilibria and an application of auction theoretical thinking in which "low price equilibria" may be relevant. Keywords: First-price auctions, undominated Nash equilibria. JEL Classification Numbers: C72 (Noncooperative Games), D44 (Auctions).

Estudi sobre la relació entre el preu i l’energia aportada per les piles

Treball de recerca realitzat per una alumna d’ensenyament secundari i guardonat amb un Premi CIRIT per fomentar l'esperit científic del Jovent l’any 2008. Existeixen al mercat una gran varietat de piles de diversos costos. Mitjançant un aproximació teòrica s’explica el concepte de pila, el seu funcionament i els tipus, així com també els fonaments teòrics per fer les mesures de l’energia de cada pila. Posteriorment s’ha mesurat l’energia de tretze piles per tal de: determinar quines són la pila més rendible i la menys rendible del mercat (entenent per rendible aquella que aporta més energia per menys preu, determinar si existeix alguna relació entre el preu i l’energia de les piles (és a dir, si la pila més cara és la que aporta més energia); i, finalment, comparar una pila salina, una pila alcalina i una pila de liti.

Entorno de desarrollo para clusters

El presente trabajo expone los entornos de desarrollo de aplicaciones paralelas en sistemas distribuidos. Se ha dedicado especial atención a los entornos gráficos, como plataforma de acceso al cluster. Dada la cantidad de alternativas a seleccionar en este tipo de entornos, como puede ser la parametrización de las aplicaciones, especificación de la arquitectura a utilizar de los nodos, caracterización de la carga, políticas de planificación, etc, hace que este trabajo pueda servir de punto inicial de partida a usuarios que deseen iniciarse en este tipo de entornos.

Geoposicionament per a dispositius mòbils

Aquest projecte té dues parts diferenciades. La primera consisteix en un estudi de la situació actual dels SIG i de les aplicacions que hi treballen. La segona és la planificació, disseny i estudi de viabilitat tant tècnica com econòmica d’un projecte en que el component SIG i la mobilitat tenen un pes determinant.

Lovemarks: lealtad más allá de la razón

El present treball és un estudi a nivell global i individual sobre marques, i especialment les lovemarks, i els diferents vincles emocionals que motiven i impulsen el culte de determinats béns i serveis. L’estudi està enfocat a dos nivells: el del consumidor i el dels planificadors estratègics de marca.

Estudio para la implantación de un ERP en una empresa textil

El proyecto abarca el estudio para la implantación de un ERP en una empresa textil. En concreto, una empresa dedicada a la venta al por menor de ropa en el Vallés Occidental. Utiliza la metodología de Planificacón de Sistemas de Información (PSI) promovida por el Ministerio de Administraciones Públicas del Gobierno de España. El estudio se centra en tres ERP's que son Microsoft Dynamics NAV de Microsoft, SAP Business One de SAP y Ekon Moda de CSS Agresso y su adaptabilidad a la empresa estudiada.

Disseny i proposta d' implementació d'un model formatiu per a la iniciació professional i el mentoratge del professorat de secundària

En estudis anteriors al que ara us proposem i en diferents articles realitzats pels components d’aquest grup de recerca s’ha constatat que el professorat que ha d’atendre grups d’alumnes amb adaptacions curriculars, programes d’iniciació professional, alumnes amb difícil inclusió acadèmica i escolar que aquests docents haurien de rebre una formació psicopedagògica per adequar-se al trets característics dels alumnes i per aplicar una metodologia que desperti en els alumnes la il•lusió per seguir formant-se i les estratègies organitzatives i de planificació per fer un ensenyament de qualitat. El professorat ha d’adquirir una sèrie de competències que li permetin donar resposta a les necessitats dels alumnes. Estudis previs constaten que hi ha una gran necessitat pel que fa a les competències personals i participatives per sobre de les tècniques. Tot i que també és molt important apostar per les metodològiques. Aquesta formació l'haurà de rebre al llarg de la seva acció docent i està lliga amb el concepte Lifelong learning que es proposa arreu de la Unió Europea con un dret i una obligació per aconseguir la constant adequació a les demandes socials i a les necessitats personals, així com assolir la progressió professional i l’accés a noves etapes educatives:No hi ha dubte que una professió com la docent que requereix un domini competencial tan exigent desvetlla la curiositat per iniciar recerques i la necessitat d’esmerçar esforços per facilitar que tingui èxit la inserció dels nous professors i professores en l’entorn socioeducatiu durant el període llindar. Cal saber què passa, què ocupa i què preocupa a Europa en relació al professorat i a la seva formació, sobretot que cal desenvolupar en el període previ i com es facilita la transició des d’aquesta formació inicial per assolir una ràpida i eficaç inserció a la professió docent.