A5054391455- Experimental Behavioral Economics Studies
- Economic theories and models
- Game Theory and Applications
- Economic Policies and Impacts
- Auction Theory and Applications
- Evolutionary Game Theory and Cooperation
- Culture, Economy, and Development Studies
- School Choice and Performance
- Labor market dynamics and wage inequality
- Gender, Labor, and Family Dynamics
- Merger and Competition Analysis
- Decision-Making and Behavioral Economics
- Fiscal Policy and Economic Growth
- Opinion Dynamics and Social Influence
- Game Theory and Voting Systems
- Complex Systems and Time Series Analysis
- Business Strategy and Innovation
- Banking stability, regulation, efficiency
- Pharmaceutical Economics and Policy
- Parental Involvement in Education
- Media Influence and Politics
- Firm Innovation and Growth
- Intellectual Property and Patents
- Financial Literacy, Pension, Retirement Analysis
- Financial Markets and Investment Strategies
Universidad Carlos III de Madrid
2013-2025
University College London
2015-2024
Centre for Economic Policy Research
2014-2024
European Bank for Reconstruction and Development
2021
King's College London
2021
Barcelona School of Economics
2021
Institució Catalana de Recerca i Estudis Avançats
2021
Ifo Institute for Economic Research
2021
Fundación de Estudios de Economía Aplicada
2014-2019
National University of Distance Education
2019
The problem of searchability in decentralized complex networks is great importance computer science, economy, and sociology. We present a formalism that able to cope simultaneously with the search congestion effects arise when parallel searches are performed, we obtain expressions for average cost both presence absence congestion. This used optimal network structures system using local algorithm. It found only two classes can be optimal: starlike configurations, number small,...
Bilingual education programs, which consist of doing a substantial part the instruction in language different from native students, exist several countries like United States, India, and Spain. While economic benefits knowing second are well established, potential effects over learning other subjects have received much less attention. We evaluate program that introduced bilingual (in English Spanish) primary group public schools Madrid region 2004. Under this program, students not only study...
We investigate the socially optimal design of financial networks, that allows to tackle trade-off between risk sharing and contagion. identify conditions on shock distribution under which full integration or maximal segmentation is optimal. also show that, different conditions, network displays levels strength linkages other firms intermediate degrees segmentation. In latter case, individual social incentives establish are not necessarily aligned. When face heterogeneous distributions risks,...
We propose a theoretical model to explain empirical regularities related the curse of natural resources, which emphasises behaviour and incentives politicians. extend standard voting give voters political control beyond elections. This gives rise new restriction that policies should not revolution. Our clarifies when resource discoveries might lead revolutions, namely, in countries with weak institutions. It also suggests for bad institutions human capital depends negatively on while high...
This paper studies the effect of providing feedback to college students on their position in grade distribution by using a natural field experiment. information was updated every six months during three-year period. We find that greater grades transparency decreases educational performance, as measured number examinations passed and point average (GPA). However, self-reported satisfaction, surveys conducted after is provided but before take examinations, increases. provide theoretical...
This dataset originates from TeensLab, a consortium of Spanish Universities dedicated to behavioral research involving teenagers. The contains data 33 distinct educational institutions across Spain, accounting for total 5,890 students aged 10 23 (M = 14.10, SD 1.94), representing various levels such as primary school, secondary sixth form and vocational training. main dimensions covered in this include (i) economic preferences, (ii) cognitive abilities (iii) strategic thinking. Additionally,...
Consider an investor who fears ruin when facing investments that satisfy no-arbitrage. Before investing he can purchase information about the state of nature as structure. Given his prior, structure α investment dominates β if, whenever is willing to buy at some price, also price. We show this informativeness ordering complete and represented by decrease in entropy beliefs, regardless preferences, initial wealth, or problem. no prior-independent based on similar premises exists. (JEL D14,...
This article studies the replicator dynamics in presence of shocks. I show that under these dynamics, strategies do not survive iterated deletion strictly dominated are eliminated long run, even nonvanishing perturbations. also give an example shows stochastic this have equilibrium selection properties differ from other literature.
This paper reports a three-phase experiment on stylized labor market. In the first two phases, agents face simple games, which we use to estimate subjects' social and reciprocity concerns. last phase, four principals compete by offering contract from fixed menu. Then, “choose work” for principal selecting one of available contracts. We find that (i) (heterogeneous) preferences are significant determinants choices, (ii) both agents, strategic uncertainty aversion is stronger determinant...
Reciprocity or conditional cooperation is one of the most prominent mechanisms proposed to explain emergence in social dilemmas. Recent experimental findings on networked games suggest that may also depend previous action player. We here report experiments iterated, multi-player Prisoner's dilemma, groups 2 5 people. confirm dependence step and memory effects for earlier periods are not significant. show behavior subjects pairwise dilemmas qualitatively different from cases with more...
This chapter provides an introduction to the literature on financial contagion in networks. We aim do this by focusing a limited number of papers some formal detail, trying illustrate their analogies and differences as much possible within common framework. In first part, considers via transmission shocks, such abrupt drops flow revenue one firm, which affect other firms connected it through linkages. The then discusses informational contagion, understood process whereby shock market is...
When two countries starting from different quality levels (reflecting conditions on domestic market demands) open to trade, possible equilibria arise. In the first, leader maintains its position. second, leapfrogging occurs. However, latter is only if initial gap not too wide. Further, when risk dominance criterion used, former equilibrium selected. These results suggest that (such as size or home demand preferences) are important factors in determining relative competitiveness of firms...
Using the Spanish micro data from Programme for International Assessment of Adult Competencies (PIAAC), we first document how excessive gap in employment protection between indefinite and temporary workers leads to large differentials on-the-job training (OTJ) against latter. Next, find that lower specific received by is correlated with literacy numeracy scores achieved PIAAC study. Finally, provide further cross-country evidence showing OJT gaps are quite those European labour markets where...
We study the earning structure and equilibrium assignment of workers to firms in a model which have social preferences, skills are perfectly substitutable production. Firms offer long-term contracts, we allow for frictions labour market form mobility costs. The delivers specific predictions about nature worker flows, characteristics workplace skill segregation, wage dispersion both within across firms. show that contracts presence preferences associate within-firm with novel “internal...
In this paper we build a formal model to study market environments where information is costly acquire and of use also potential competitors. such situations for may form, reports - unverifiable quality over the acquired are sold. A complete characterization equilibria game provided. We find that when its costs not too high in case it sold, though typically noisy. Also, tends be monopoly, there inefficiency given by underinvestment acquisition. Regulatory interventions form firewalls,...