Working papers

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July 2020

Autores: 

Alejandro Caparrós, Esther Blanco, Philipp Buchenauer and Michael Finus

Abstract: This study contributes to the recent experimental literature addressing the role of team formation in overcoming coordination failure in weakest-link games. We investigate the endogenous formation of teams in fixed neighborhoods in which it is not possible to exclude players from influencing the weakest-link. Our experimental results show that team formation helps in overcoming the coordination problem, raises equilibrium provision levels, but falls short of providing the Pareto-optimal contribution. As the problem of multiplicity of Nash equilibria in weakest-link games is...

May 2020

Pledge and implement bargaining in the Paris Agreement on climate change
Autores: 

Alejandro Caparrós

Abstract: This paper analyzes a multilateral bargain game motivated by the Paris Agreement on climate change. Countries submit pledges, which can be revoked although this implies reputational costs. Pledges, which do not need to be accepted by other countries, detail intended abatement efforts and can be conditional or unconditional, according to whether they depend on transfers. As the process is repeated, incomplete long-term provisions are also considered. The analysis shows the conditions under which, despite its weakness, the Paris Agreement can bring the world to the first best, or...

April 2020

Autores: 

Raúl López-Pérez, Ágnes Pintér and Rocío Sánchez-Mangas

Abstract: People often extrapolate from data samples, inferring properties of the population like the rate of some event, class, or group ‒e.g. the percent of female scientists, the crime rate, the chances to suffer some illness. In many circumstances, though, the sample observed is non-random, i.e., affected by sampling bias. For instance, news media rarely display (intentionally or not) a balanced view of the state of the world, focusing particularly on dramatic and rare events. In this line, recent literature in Economics hints that people often fail to account for sample selection in...

Autores: 

Raúl López-Pérez and Eli Spiegelman

Abstract: A preference reversal (PR) refers to behavior that violates revealed preference or is simply incoherent – i.e., not explainable by a rational ordering. In a classical PR experiment, for instance, participants often exhibit greater risk aversion in a Choice-based revelation procedure than in an Evaluation-based one, i.e., choose the safer of two gambles but express a higher monetary valuation for the riskier. We conjecture that PRs are partly due to the interaction between attention and task mode, and explore three compatible explanations using eye-tracking techniques....

November 2019

Autores: 

Campos, P., Oviedo, J.L., Ovando, P., Álvarez, A., Mesa, B. & Caparrós, A.

Highlights Ecosystem services make up 60% of ordinary total products in Andalusian HOWs. The GVA of National accounting is 37% that of the Agroforestry Accounting System. Andalusian holm oak environmental asset is 94% of opening total capital. Andalusian holm oak environmental income is 88% of total income. The amenity ecosystem service makes up 46% of total ES in Andalusian HOWs. The ecosystem service of water supply makes up 20% of total ES in Andalusian HOWs.

Abstract The brief description of the sequence of accounts for the products in the SNA and SEEA-EEA guidelines compared...

October 2019

Autores: 

Pablo Campos, José L. Oviedo, Alejandro Álvarez, Paola Ovando, Bruno Mesa, Alejandro Caparrós

Highlights The GVA of the Agroforestry Accounting System (AAS) is 1.8 times that of the SNA. The amenity ecosystem services accounts for 34% of the total one for the dehesa. The final economic water accounts for 43% of the environmental income of the dehesa. The total ecosystem services in the rSEEA-EEA overvalues by 20% that of the sAAS. The ecosystem service in the AAS is 2.5 times that of the System of National Accounts.

Abstract Corporations and governments face the challenge of dealing with new demands from social actors to make visible their individual economic activity...

Autores: 

Pablo Campos, Alejandro Caparrós, José L. Oviedo, Paola Ovando, Alejandro Álvarez, Bruno Mesa

Highlights Cork oak woodland farmers’ extended accounts make up 50% of environmental asset. Cork oak woodland ecosystem services contribute to 76% of final product consumed. Cork oak woodland environmental income represents 3% of environmental asset. Cork oak woodland standard ecosystem services are 30% of extended accounts. Cork oak woodland standard accounts’ gross value added is 37% of extended accounts.

Abstract This study’s objective is to estimate and compare spatially explicit measures of ecosystem services and total environmental incomes for individual activities which...

Autores: 

Pablo Campos, Alejandro Caparrós, José L. Oviedo, Paola Ovando, Alejandro Álvarez, Bruno Mesa

Highlights Private amenity is the largest ecosystem service in mixed holm oak open woodlands. Landscape ecosystem service (ES) accounts for 29% of sAAS ordinary final product. Farmer and government sAAS ecosystem services present similar values. Changes in environmental assets are positive for all activities except the amenity asset. Ecosystem services of activities are lower than environmental incomes, except in the case of amenity.

Abstract The scientific debate on how to make visible the linkages between the standard System of National Accounts (SNA) and its ongoing satellite...

September 2019

Autores: 

Pablo Campos, Alejandro Álvarez, Bruno Mesa, José L. Oviedo, Paola Ovando, Alejandro Caparrós

Highlights Extended accounts dehesas´ environmental asset is 84% of total opening capital. Farmer extended accounts dehesas´ share the 61% of total environmental asset. Extended accounts dehesas´ ecosystem services are 45% of final product consumed. Standard accounts’ ecosystem services are 34% of extended accounts’.

Abstract

The ultimate goal of scholars and governmental institutions is to demonstrate nature in standard statistics, leading government agendas to the development of environmental-economic accounts which uncover hidden actual ecosystem services embedded in...

July 2019

Autores: 

Alejandro Caparrós, Michael Finus

We analyze the formation of public good agreements under the weakest-link technology. Whereas policy coordination is not necessary for symmetric players, it matters for asymmetric players; however, this fails in the absence of transfers. By contrast, with a transfer scheme, asymmetry may be an asset for cooperation. We characterize various types and degrees of asymmetry and relate them to the stability of self-enforcing agreements. Asymmetric distributions of autarky public good provision levels (also representing asymmetric interests in cooperation) that are positively skewed tend to be...

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