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The Potential of Alternative Fuels In Kenya: Entrepreneurial Opportunities From Imperfect Markets 

Date: 26/04/2017 Author(s): Rahnema Alavi, Ahmad; Njenga, George; Ronoh, Geoffrey Editor(s): Cátedra Fuel Freedom de Energía y Desarrollo Social Document type: Working Paper Overview Kenya's fuel industry exhibits characteristics of both a highly inefficient market as well as those found in markets with potential for generating lucrative business, depending on whether it can solve the fuel supply equation. Given the logistical and financial restraints, Kenya's indigenous oil and gas industry does not seem viable in the ... More information  

Prosocial Crowdlending in Kenya 

Date: 06/04/2017 Author(s): Ibarra Garza, Alberto; Cugueró-Escofet, Natàlia; Canela, Miguel Ángel Document type: Working Paper The crowdfunding industry has emerged in the past few years as one of the most promising alternative financing options. Lending and donating operations accounted for 81% of the crowdfunding industry's $34.4 billion total funding volume in 2015. Kiva Zip, a prosocial program, created an online platform that provides 0% interest peer-to-peer loans and ... More information  

Endogenous Public Information and Welfare in Market Games 

Date: 04/2017 Author(s): Vives, Xavier Document type: Article in Journal (refereed) This article performs a welfare analysis of markets with private information in which agents condition on prices in the rational expectations tradition. Price-contingent strategies introduce two externalities in the use of private information: a pecuniary externality and a learning externality. The pecuniary externality induces agents to put too much ... More information  

The Future of Spanish Pensions 

Date: 04/2017 Author(s): Díaz Giménez, Javier; Días-Saavedra, Julián Document type: Article in Journal (refereed) We use an overlapping generations model economy with endogenous retirement to study the 2011 and 2013 reforms of the Spanish public pension system. These reforms delay the legal retirement ages, increase the contributivity of the system, and adopt a sustainability factor and a pension revualuation index that effectively transform the Spanish pension ... More information  

I Jornada de Gestió Pública: Les col·laboracions publicoprivades a debat (Las colaboraciones Público-Privadas a debate) 

Date: 24/03/2017 Author(s): PPP for CITIES - Specialist Centre on PPP in Smart and Sustainable Cities; Diputació Barcelona Sponsor(s): United Nation; Other collaboration: Rodríguez Planas, Miquel; Editor(s): PPSRC - Public-Private Sector Research Center Document type: Proceeding Las Jornadas de Gestión Pública, coorganizadas conjuntamente con la Diputación de Barcelona y el Specialist Centre on PPP in Smart and Sustainable Cities (PPP for Cities), tienen como objetivo crear un espacio de reflexión y conocimiento sobre buenas prácticas en la gestión local en el marco de la colaboración público-privada. El encuentro representará ... More information  

Portfolio Diversification, Market Power, and the Theory of the Firm 

Date: 21/03/2017 Author(s): Azar, José Editor(s): PPSRC - Public-Private Sector Research Center Document type: Working Paper This paper develops a model of firm behavior in the context of oligopoly and portfolio diversification by shareholders. Competition for shareholder votes among potential managers seeking corporate office leads to internalization and aggregation of shareholder objectives, including shareholdings in other firms, and the fact that shareholders are consumers ... More information  

Anti-Competitive Effects of Common Ownership 

Date: 21/03/2017 Author(s): Azar, José; Schmalz, Martin; Tecu, Isabel Editor(s): PPSRC - Public-Private Sector Research Center Document type: Working Paper Many natural competitors are jointly held by a small set of large institutional investors. In the US airline industry, taking common ownership into account implies increases in market concentration that are ten times larger than what is ¿presumed likely to enhance market power¿ by antitrust authorities. We find a robust correlation between within-route ... More information  

204 errores en valoraciones de empresas 

Date: 17/03/2017 Author(s): Fernández, Pablo Editor(s): Cátedra PricewaterhouseCoopers de Finanzas Document type: Working Paper Este documento contiene 204 errores cometidos en distintas valoraciones de empresas. La mayor parte de las valoraciones proceden de arbitrajes, procesos judiciales, compras y ventas de empresas a los que el autor ha tenido acceso. Casi todos los nombres de personas, empresas y ciudades se han modificado. El siguiente refrán aclara la intención ... More information   Read related article

Researchers' Willingness to Engage in Knowledge and Technology Transfer Activities: An Exploration of the Underlying Motivations 

Date: 07/03/2017 Author(s): Olaya Escobar, Erika Safía; Berbegal-Mirabent, Jasmina; Alegre, Inés; Duarte Velasco, Oscar Germán Document type: Article in Journal (refereed) Increasingly, universities have become conscious of their important role as centres of knowledge generation and diffusion. Accordingly, they have put in place policies, methods and resources to increase knowledge and technology transfer (KTT) activities. However, succeeding in this endeavour is not that easy. An active involvement of researchers is ... More information  

Optimal Production and Rationing Policy of Two-Stage Tandem Production System 

Date: 03/2017 Author(s): Xu, Jianjun; Serrano, Alejandro; Lin, Bing Document type: Article in Journal (refereed) The rationing literature has been so far oblivious to the fact that sellable items may not only be finished products, but also intermediate products to manufacture subsequent sellable products. We address this gap by considering an inventory rationing problem in a two-product tandem make-to-stock production/inventory system. Bulk demand arrives to ... More information  
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