Behavior, Markets and Games

This line covers the analysis of behaviour, both individual and strategic, the design of market regulations and efficient rules of assignment, cost-sharing mechanisms and cooperative solutions to societal problems.

Although all this may sound abstract, there is a wide range of applications, from marriage and divorce to bankruptcy law; from media and online markets to the design of spectrum licences auctions; from the study of the gender wage gap to the analysis of saving and retirement decisions.

Researchers

Alfonso Herranz Loncán

Ester Manna

Julia de Frutos Cachorro

Joan Calzada

F. Javier Martínez de Albéniz

Alessandro de Chiara

Josep M. Izquierdo

Caio Lorecchio

Jesús Marín

Olga Chiappinelli

Natalia Valdez

Francisco Robles

Publications

2024

Álvarez-Mozos, M. and Ehlers, L. 2024. Externalities and the (pre)nucleolus in cooperative games. Mathematical Social Sciences, 128:10-15.

de Frutos Cachorro, J., Martín-Herrán, G., Tidball, M. 2024. Commitment vs. noncommitment behaviors in natural resource conflicts: A case study of groundwater resources. Economic Modelling, 132 (106652), doi: 10.1016/j.econmod.2024.106652.

Valdez Gonzalez, N., Kee, J.Y., Palma, M.A., & Pruitt, J.R. 2024. The relationship between monetary incentives, social status, and physical activity. Journal of Behavioral and Experimental Economics, 108, 102155.

Calleja, P., Llerena, F. 2024. Proportional clearing mechanisms in financial systems: An axiomatic approach. Journal of Mathematical Economics, 111, 102955.

2023

Calleja, P., Llerena, F., and Sudhölter, P. 2023. Remarks on solidarity in bankruptcy problems when agents merge or split. Mathematical Social Sciences, 125, 61-64.

Basco, S., Domènech, J., Maravall, L. 2023. Land Reform and Rural Conflict: Evidence from 1930s Spain. Explorations in Economic History, Vol. 89.

García-López, M.-À.; Herranz-Loncán, A., Tassinari, F. and Viladecans, E. 2023. Paving the way to modern growth: the Spanish Bourbon roads. Explorations in Economic History, 90, 101544.

Lorecchio, C. & Monte, D. 2023. Dynamic Information Design under Constrained Communication Rules. R&R AEJ: Microeconomics, 15(1):359-98.

Lorecchio, C. & Monte, D. 2023. Bad Reputation with Simple Rating Systems. Games and Economic Behavior, vol. 142: 150-178.

Mamageishvili, A. & Tejada, O. 2023. Large Elections and Interim Turnout. Games and Economic Behavior, 137: 175-210.

Josa-Fombellida, R., López-Casado, P., Navas, J. 2023. A defined benefit pension plan model with stochastic salary and heterogeneous discounting. Astin Bulletin 53, pp. 62-83.

2022

Alonso-Meijide, J.M., Álvarez-Mozos, M., Fiestras-Janeiro, M.G., and Jiménez-Losada, A. 2022. On convexity in cooperative games with externalities. Economic Theory, 74:265–292.

Calleja, P., and Llerena, F. 2022.  Non-manipulability by clones in bankruptcy problems. Economics Letters, 221, 110921.

Chiappinelli, O., May, N. 2022. Too good to be true? Time-inconsistent renewable energy policies. Energy Economics, 112, 106102.

Lorecchio, C. & Monte, D. Dynamic Information Design under Constrained Communication Rules. R&R AEJ: Microeconomics, forthcoming.

Calzada, J., X. Fageda and R. Safranof . 2022. How do global airline alliances affect flight frequency? Evidence from Russia, Journal of Air Transport Management, 98, 102156.

De Chiara, A. and Manna, E. 2022. Firms’ Ownership, Employees’ Altruism, and Product Market Competition, Economic Modelling, 109.

De Chiara, A. and Manna, E. 2022. Corruption and the Case for Safe-harbor Regulation, Economics Letters, 216.

De Chiara, A. and Manna, E. 2022. Corruption, Regulation, and Investment Incentives, European Economic Review, 142.

Gersbach, H., Mamageishvili, A. and Tejada, O. 2022. Appointed Learning for the Common Good: Optimal Committee Size and Monetary Transfers. Games and Economic Behavior, 136: 153-176.

Gersbach, H., Mamageishvili, A. & Tejada, O. 2022. Lemons and peaches: Multi-stage buying mechanisms with a Devil’s Menu, Mathematical Social Sciences, 117: 30-46.

Lu, L.; Navas, J. 2022. Lanchester duopoly model revisited: Advertising competition under time inconsistent preferences. Journal of the Operational Research Society, 73(2): 244-260.

Núñez, M.; Vidal-Puga, J. 2022.  Stable cores in information graph games. Games and Economic Behavior, 132, 353-367.

2021

Gryshchenko, I., Ganushchak–Efimenko, L., Shcherbak, V., Nifatova О., Zos-Kior М., Hnatenko, I., Martynova, L., & Martynov, A. 2021. Making Use of Competitive Advantages of a University Education Innovation Cluster in the Educational Services Market. European Journal of Sustainable Development, 10(2), 336.

Arve, M., Chiappinelli, O. 2021. The Role of Budget Constraints in Sequential Elimination Tournaments. Scandinavian Journal of Economics, 123:1059-1087.

Calzada, J., E. Manna and A. Mantovani. 2021. Platform Price Parity Clauses and Market Segmentation, Journal of Economics and Management Strategy, 12467.

De Chiara, A.,Elizalde, I., Manna, E. and Adrian Segura-Moreiras. 2021. Car Accidents in the Age of Robots, International Review of Law & Economics, 68.

Alonso-Meijide, J.M.; Álvarez-Mozos, M.; Fiestras-Janeiro, M.G.; Jiménez-Losada, A. 2021. Marginality and convexity in partition function form games. Mathematical Methods of Operations Research, 94, 99-121.

Lu, L.; Navas, J. 2021. Advertising and quality improving strategies in a supply chain when facing potential crises,  European Journal of Operational Research, 288, pp. 839-851.

Atay, A., Calleja, P. and Soteras, S. 2021. Open shop scheduling games. European Journal of Operational Research, 295(1), 12-21.

Calleja, P., Llerena, F., and Sudhölter, P. 2021. Monotonicity and weighted prenucleoli: A charactertization without consistency.  Mathematics of Operations Research, 45(3):1056-1068.

de Frutos Cachorro, J., Marín-Solano, J., Navas, J. 2021. Competition between different groundwater uses under water scarcity, Water Resources and Economics, 33 (100173).

Calleja, P., Llerena, F., and Sudhölter, P. 2021. Axiomatizations of Dutta-Ray’s egalitarian solution on the domain of convex games, Journal of Mathematical Economics, on-line first.

Calleja, P., Llerena, F., and Sudhölter, P. 2021. Constrained welfare egalitarianism in surplus-sharing problems, Mathematical Social Sciences, 109, 45-51.

Atay A., A. Mauleon, and V. Vannetelbosch. 2021. A bargaining set for roommate problems, Journal of Mathematical Economics, 94: 102465.

Gersbach, H. and Mamageishvili, A & Tejada, O. 2021. The Effect of Handicaps on Turnout Incentives with an Application to Assessment Voting, Journal of Economic Theory, 195, 105228.

Gersbach, H., Imhof, S & Tejada, O. 2021. Channeling the final say in politics: a simple mechanism, Economic Theory, 71: 151–183.

Calleja, P., Llerena, F., and Sudhölter, P. 2021. Axiomatizations of Dutta-Ray’s egalitarian solution on the domain of convex games. Journal of Mathematical Economics, 95, 102477.

Mañó-Cabello, C.; Marín-Solano, J.; Navas, J. 2021. A resource extraction model with technology adoption under time inconsistent preferences. Mathematics, 9, Article 2205.

Van den Brink, R., Núñez, M., Robles, F. 2021. Valuation monotonicity, fairness and stability in assignment problems. Journal of Economic Theory, 195, 1–27.

Castañer, A.; Marín-Solano, J.; Ribas, C. 2021. A time consistent dynamic bargaining procedure in differential games with heterogeneous agents. Mathematics Methods of Operations Research, 93, 555-584.

Marín Solano, J. 2021. Dynamic bargaining and time-consistency in linear-state and homogeneous linear-quadratic cooperative differential games. International Game Theory Review, 23 (04), 2250003.

2020

Chiappinelli, O. 2020. Political corruption in the execution of public contracts. Journal of Economic Behavior & Organization, 179:116-140.

Chiappinelli, O. 2020. Decentralization and public procurement performance: new evidence from Italy. Economic Inquiry, 58(2):856-880.

Calzada, J. and R. Gil. 2020. What Do News Aggregators Do? Evidence from Google News in Spain and Germany, Marketing Science, 39(1):134-167.

Barigozzi, F. and Manna, E. 2020. Envy in Mission-Oriented Organisations, Journal of Economic Behavior & Organization, 179(11): 395-424.

Lu, L.; Navas, J. 2020. Lanchester duopoly model revisited: Advertising competition under time inconsistent preferences, Journal of the Operational Research Society. Forthcoming.

Martínez-de-Albéniz, F.J.; Rafels, C.; Ybern, N. 2020. Assortative multisided assignment games: the extreme core points, Games and Economic Behavior, 120:144–153.

Izquierdo, J.M.; Rafels, C. 2020. Core allocations in Co-investment problems, Group Decision and Negotiation, 29, 1157-1180.

de Frutos Cachorro, J., Willeghems, G., Buysse, J. 2020. Exploring investment potential in a context of nuclear phase-out uncertainty: Perfect vs. imperfect electricity markets, Energy Policy, 144 (111640), pp. 01-15.

De Chiara, A. 2020. Precontractual Investment and Modes of Procurement, European Economic Review, 124.

Castañer, A.; Marín-Solano, J.; Ribas, C. 2020. An agreeable collusive equilibrium in differential games with asymmetric players. Operations Research Letters, 48, 4-8.

2019

De Chiara, A. and Manna, E. 2019.  Delegation with a Reciprocal Agent,  Journal of Law, Economics, & Organization, 35(3): 651-695.

Nogués-Marco, P.; Herranz-Loncán, A.; Aslanidis, N. 2019. The making of a national currency. Spatial transaction costs and money market integration in Spain (1825-1874), Journal of Economic History, 79(4): 1094-1127.

de Frutos Cachorro, J., Erdlenbruch, K., Tidball, M. 2019. Sharing a groundwater resource in a context of regime shifts,  Environmental and Resource Economics, 72 (4): 913-940.

Livio, L. and De Chiara, A. 2019. Friends or Foes? Optimal Incentives for Reciprocal Agents,  Journal of Economic Behavior & Organization, 167: 245-278.

Calzada, J. and Fageda, X. 2019. Route expansion in the European Air Transport Market, Regional Studies, 53:8, 1149-1160.

Calleja, P. and Llerena, F. 2019. Path monotonicity, consistency and axiomatizations of some weighted values. International Journal of Game Theory, 48, 287-310.

Alonso-Meijide, J.M.; Álvarez-Mozos, M.; Fiestras-Janeiro, M.G.; Jiménez-Losada, A. 2019. Complete null agent for games with externalities, Expert Systems with Applications, 135, pp 1-11.

Jerbashian, V. 2019. Automation and Job Polarization: On the Decline of Middling Occupations in Europe, Oxford Bulletin of Economics and Statistics, 81(5): 1095-1116.

Atay, A.; Núñez, M. 2019.  A note on the relationship between the core and stable sets in three-sided markets,  Mathematical Social Sciences, 98, 10 – 14.

Atay, A.; Núñez, M. 2019. Multi-sided assignment games on m-partite graphs, Annals of Operations Research, 279, 271-290.

Robles, F.; Núñez, M. 2019. One-seller assignmentmarkets with multi-unit demands: core and competitive equilibrium, International Journal of Economic Theory, 15, 169-182.

Núñez, M.; Rafels, C. 2019. Shapley values for two-sided assignment markets. In Handbook of the Shapley Value, E. Algaba, V. Fragnelli and J. Sánchez-Spriano eds. Chapman and Hall/CRC Press.

Lu, L.; Marín-Solano, J.; Navas, J. 2019. An analysis of efficiency of time-consistent coordination mechanisms in a model of supply chain management. European Journal of Operational Research, 279, pp. 211-224.

Martínez-de-Albéniz, F.J.; Rafels, C.; Ybern, N. 2019. A note on assignment games with the same nucleolus.TOP, 27:187-198.

Martínez-de-Albéniz, F.J.; Rafels, C.; Ybern, N. 2019. Solving Becker’s assortative assignments and extensions, Games and Economic Behavior, 113:248-261.

Izquierdo, J.M., Timoner, P. 2019. Decentralized rationing problems and the proportional rule, Economics Letters, 175, pp 88-91.

Gersbach, H., Muller, P. & Tejada, O. 2019. Costs of change and political polarization, European Journal of Political Economy, 60.

Gersbach, H., Schneider, M. & Tejada, O. 2019. Coalition-preclusion contracts and moderate policies. Games and Economic Behavior, 114: 28-46.

2018

Calzada, J., García-Mariñoso, B., Ribé, J., Rubio-Campillo, R. and Suarez, D. 2018. Fiber deployment in Spain, Journal of Regulatory Economics, 53 (3), 256-274.

Calzada, J. and Tselekounis, M. 2018. Net Neutrality in a Hyperlinked Economy, International Journal of Industrial Organization, 59, 190-221.

Calzada, J. and Sanz, A. 2018. Universal Access to Clean Cookstoves: Evaluation of a Public Program in Peru, Energy Policy, 118, 559-572.

Herranz-Loncán, A. and Fourie, J. 2018. For the Public Benefit? Railways in the British Cape Colony, European Review of Economic History, 22(1): 73-100.

De Chiara, A., Livio, L. and Ponce, J. 2018. Flexible and Mandatory Banking Supervision, Journal of Financial Stability, 34, p. 86-104.

Tejada, O.; Alvarez-Mozos, M. 2018. Graphs and (levels of) cooperation in games: Two ways how to allocate the surplus, Mathematical Social Sciences, 93, pp 114-122.

Jerbashian, V. and Kochanova, A. 2018. Tele-Communications 2.0: The Age of the Internet, The B.E. Journal of Economic Analysis & Policy, 18 (3), 1—8.

Izquierdo, J.M.; Rafels, C. 2018. The core and the steady bargaining set for convex games, International Journal of Game Theory, 47, 35-54.

Grech, Ph. & Tejada, O. 2018. Divide the dollar and conquer more: sequential bargaining and risk aversion, International Journal of Game Theory, 47: 1261–1286.

Gersbach, H & Tejada, O. 2018. A Reform Dilemma in polarized democracies, Journal of Public Economics, 160:148-158.

Atay A. and T. Solymosi. 2018. On bargaining sets of supplier-firm-buyer games, Economics Letters, 167: 99–103.

de Frutos Cachorro, J., Gobin, A., Buysse, J. 2018. Farm-level adaptation to climate change: The case of the Loam region in Belgium.  Agricultural Systems, 165: 164-176.

Izquierdo, J.M.; Rafels, C. 2018. The core and the steady bargaining set for convex games. International Journal of Game Theory, 47, 35-54.

2017

Manna, E. 2017. Customer-Oriented Employees: Blessing or Curse for Firms?,  Journal of Economics & Management Strategy,  26 (4): 842-875.

De Chiara, A. and Livio, L. 2017. The Threat of Corruption and the Optimal Supervisory Task,  Journal of Economic Behavior & Organization, 133, p. 172-186.

Calleja, P. and Llerena, F. 2017. Rationality, aggregate monotonicity and consistency in cooperative games: some (im)possibility results, Social Choice and Welfare,  48, 197-220.

Alonso-Meijide, J.M; Álvarez-Mozos, M.; Fiestras-Janeiro, M.G. 2017. Power indices and minimal winning coalitions for simple games in partition function form. Group Decision and Negotiation, 26(6): 1231-1245.

Álvarez-Mozos, M., van den Brink, R., van der Laan, G., and Tejada, O. 2017. From hierarchies to levels: new solutions for games with a hierarchical structure, International Journal of Game Theory, 46(4): 1089-1113.

Álvarez-Mozos, M.; Alonso-Meijide, J.M.; Fiestras-Janeiro, M.G. 2017. On the externality free Shapley-Shubik index, Games and Economic Behavior, 105, pp 148-154.

Alonso-Meijide, J.M.; Álvarez-Mozos, M.; Fiestras-Janeiro, M.G.; Jiménez-Losada. 2017. Some structural properties of a lattice of embedded coalitions, International Journal of General Systems, 46(2): 123-143.

Jerbashian, V. and Kochanova, A. 2017. The Impact of Telecommunication Technologies on Competition in Services and Goods Markets: Empirical Evidence, Scandinavian Journal of Economics, 119(3):628—655.

Sabaté, O.; Espuelas, S; Herranz-Loncán, A. 2017. Military wages and coups d’état in Spain (1850-1915): the use of public spending as a coup-proofing strategy, Journal of Iberian and Latin American Economic History, first view, pp. 1-37.

Núñez, M.; Solymosi, T. 2017. Lexicographic allocations and extreme core payoffs: the case of assignment games,  Annals of Operations Research, 254,  211 – 234.

Banal-Estañol, A., Calzada, J. and Jordana, J. 2017. How to Achieve Full Electrification: Lessons from Latin America, Energy Policy, 108, 55–69.

Calzada, J., Iranzo, S. and Sanz, A. 2017. Community-Managed Water Services: The Case of Peru, Journal of Environment & Development, 26 (4), 400- 428.

Behaviors, Markets and Games

Researchers

Publications