Desde la propuesta de Schumpeter (1911)(1)de que los servicios prestados por el sistema financiero son importantes para la promoción de la innovación tecnológica y el crecimiento económico(2). ha existido un relativo consenso entre los economistas en el sentido de que el desarrollo del...

This paper studies the falsifiability of the hypothesis of Nash behavior, for the case of a finite number of players who choose from continuous domains, subject to constraints. The results obtained here are negative. Assuming the observation of finite data sets, and using weak, but nontrivial,...

We study the application of bootstrap procedures to the problem of constructing confidence intervals for the coefficients of random effects panel data models, based on GLS point estimation. The central problem is the one of adequately resampling from the estimated residuals of the model,...

Empirical tests of the Nash bargaining solution (NBS, hereafter) are developed under different hypotheses about the behavior of disagreement utility levels.

<Para ID="Par1">We develop revealed preference tests for models of multi-product oligopoly, building on the work in Carvajal et al. (Econometrica 81(6):2351–2379, <CitationRef CitationID="CR8">2013</CitationRef>). We analyze a Cournot model with multiple goods and show that it has testable restrictions when at least one good is produced by two or more...</citationref></para>