Working Papers

From Barcelona School of Economics
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91: Riding the South Sea Bubble

Peter Temin and Hans-Joachim Voth

90: The Marginal Propensity to Spend on Adult Children

Joseph Altonji and Ernesto Villanueva

89: Educational Opportunity and Income Inequality

Igal Hendel, Joel Shapiro and Paul Willen

87: On the Choice of an Exchange Rate Regime: Target Zones Revisited

Jesús Rodríguez-López and Hugo Rodriguez Mendizabal

86: A Positive Theory of Geographic Mobility and Social Insurance

John Hassler, Kjetil Storesletten and Fabrizio Zilibotti

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

Paul Pezanis-Christou and Abdolkarim Sadrieh

84: Sequential Formation of Coalitions through Bilateral Agreements

Ines Macho-Stadler, David Perez-Castrillo and Nicolás Porteiro

83: Implications of Dynamic Trading for Insurance Markets

José S. Penalva

81: Negotiation Advantages of Professional Associations in Health Care

Pedro Barros and Xavier Martinez-Giralt

78: Some Things Couples always wanted to know about stable matchings (but were afraid to ask)

Bettina Klaus, Flip Klijn and Jordi Masso

77: A Theory of Information Flows

Doh-Shin Jeon

76: Forward induction and the excess capacity puzzle: An experimental investigation

Jordi Brandts, Antonio Cabrales and Gary Charness

75: How Binding are Legal Limits? Transitions from Termporary to Permanent Work in Spain

Maia Güell and Barbara Petrongolo

74: Preferred Suppliers and Vertical Integration in Auction Market

Roberto Burguet and Martin K. Perry

73: Understanding the Effects of Government Spending on Consumption

Jordi Galí and David Lopez-Salido

72: Why are Fertility and Female Participation Rates Positively Correlated across OECD countries?

Jose Da Rocha and Luisa Fuster

71: The Social Contracts with Endogenous Sentiments

Joan Esteban and Laurence Kranich

70: Human capital in a global and knowledge-based economy

Antonio Ciccone and Angel de La Fuente

69: General Preferences for Consumption Goods in the Random Matching Model of Commodity Money

Xavier Cuadras-Morató

68: Giffen Goods and Market Making

Giovanni Cespa

67: Wage Structures and Family Economies in the Catalan Textile Industry in an Age of Nascent Capitalism

Enriqueta Camps-Cura

66: Competitions with Forward Contracts: A Laboratory Analysis Motivated by Electricity Market Design

Jordi Brandts, Paul Pezanis-Christou and Arthur Schram

65: Testing Financing Constraints on Firm Investment Using Variable Capital

Andrea Caggese

58: Price competition under cost uncertainty: A laboratory analysis

Klaus Abbink and Jordi Brandts

56: How Universal is Behavior? A Four Country Comparison of Spite and Cooperation in Voluntary Contribution Mechanisms

Jordi Brandts, Tatsuyoshi Saijo and Arthur Schram

55: Networks in Labor Markets: Wage and Employment Dynamics and Inequality

Antoni Calvó-Armengol and Matthew Jackson

54: Pharmaceutical Generics, Vertical Product Differentiation, and Public Policy

Antonio Cabrales

53: Financing Constraints, Irreversibility, and Investment Dynamics

Andrea Caggese

52: Social Networks and Crime Decisions: The Role of Social Structure in Facilitating Delinquent Behavior

Antoni Calvó-Armengol and Yves Zenou

51: The Rise and Decline of Children's Participation Levels during the Early Stages of Industrialization. Catalonia (1850-1925)

Enriqueta Camps-Cura

50: A comparison of stock market mechanisms

Giovanni Cespa

49: The Strategic Impact of Resource Flexibility in Business Groups

Giacinta Cestone and Chiara Fumagalli

48: Fiat Money in a Search Theoretical Model with Generalist Consumers

Xavier Cuadras-Morató

47: Inequality and Public Resource Allocation

Joan Esteban and Debraj Ray

46: Polarization: Concepts, Measurement, Estimation

Jean-Yves Duclos, Joan Esteban and Debraj Ray

45: Markups, Gaps, and the Welfare Costs of Business Fluctuations

Jordi Galí, Mark Gertler and David Lopez-Salido

44: Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve

Jordi Galí, Mark Gertler and David Lopez-Salido

42: On Some Geometry and Equivalence Classes of Normal Form Games

Fabrizio Germano

41: Estimating the Probability of Leaving Unemployment using Uncompleted Spells from Repeated Cross-Section Data

Maia Güell and Luojia Hu

40: Decentralized job matching

Guillaume Haeringer and Myrna Wooders

38: Endogenous Private Information Structures

Sjaak Hurkens and Nir Vulkan

37: Mechanism Design under Collusion and Uniform Transfers

Doh-Shin Jeon

36: Procedurally Fair and Stable Matching

Bettina Klaus and Flip Klijn

35: Measurement and Explanation of Socioeconomic Inequality in Health with Longitudinal Data

Andrew Jones

34: Electoral Platforms, Implemented Policies, and Abstention

Humberto Llavador

33: Resource-Monotonicity for House Allocation

Lars Ehlers and Bettina Klaus

32: The HP-Filter in Cross-Country Comparisons

Albert Marcet and Morten Ravn

30: Selecting Negotiation Processes with Health Care Providers

Pedro Barros and Xavier Martinez-Giralt

26: An Ordinal Shapley Value for Economic Environments

David Perez-Castrillo and David Wettstein

25: Marx's Analysis of the Falling Rate of Profit in the First Version of Volume III of Capital

Howard Petith

24: Bidding at Sequential First-Price Auctions with(out) Supply Uncertainty: a Laboratory Analysis

Tibor Neugebauer and Paul Pezanis-Christou

23: Inequality and Mobility

John Hassler and Joseph Zeira

22: The Daily Market for Funds in Europe: What has Changed with the EMU?

Gabriel Pérez-Quirós and Hugo Rodriguez Mendizabal

21: Optimal Second-degree Price Discrimination and Arbitrage: On the Role of Asymmetric Information among Buyers

Doh-Shin Jeon and Domenico Menicucci

20: Work Requirements and Income Maintenance Programs

Joel Shapiro

19: Parental altruism under imperfect information: theory and evidence

Ernesto Villanueva

18: Fixed-term Contracts and Unemployment: an Efficiency Wage Analysis

Maia Güell

17: Stepwise Multiple Testing as Formalized Data Snooping

Joseph P. Romano and Michael Wolf

15: Free Triples, Large Indifference Classes and the Majority Rule

Salvador Barberà and Lars Ehlers

14: Stable Sunspot Equilibria in a Cash-in-Advance Economy

Seppo Honkapohja, Ramon Marimon and George Evans

13: Endogenous bargaining power

Joan Esteban and József Sákovics

11: Monetary Policy and Exchange Rate Volatility in a Small Open Economy

Jordi Galí and Tommaso Monacelli

10: Do the Wealthy Risk More Money? An Experimental Comparison

Antoni Bosch-Domènech and Joaquim Silvestre

9: Stochastic Dominance and Absolute Risk Aversion

Jordi Caballe and Joan Esteban

8: Nominal Debt as a Burden on Monetary Policy

Javier Díaz-Giménez, Giorgia Giovannetti, Ramon Marimon and Pedro Teles

7: Voting by Committees under Constraints

Salvador Barberà, Jordi Masso and Alejandro Neme

6: Identifying Human Capital Externalities: Theory with Applications

Antonio Ciccone and Giovanni Peri

5: Personal Redistribution and the Regional Allocation of Public Investment

Ramon Caminal

4: Reflections on Gains and Losses: A 2x2x7 Experiment

Antoni Bosch-Domènech and Joaquim Silvestre

3: Olson vs. Coase: Coalitional Worth in Conflict

Joan Esteban and József Sákovics