In late 2019, an outbreak caused by a novel coronavirus started in China (Graham and Baric, 2020; Hu et al., 2020; Maxmen, 2021). A global pandemic was declared in March 2020, as COVID-19, the disease caused by the coronavirus (World Health Organization, 2020b), escalated outside China (World Health Organization, 2020a). In mid-2021, when vaccination campaigns began to show positive effects on the control of th...
This paper explores a two-bank model in which, first, one bank correctly estimates the probability of low-quality loan repayment while the other overestimates it, and second, both banks have identical convex costs when granting loans. In this context of optimistically biased banking competition, we show how the unbiased bank follows the biased competitor as long as the bias of the latter is not too large. This ...
This paper investigates the impact of the European Union landing obligation in the Galician (North West of Spain) multispecies small-scale gillnet fishery. By combining results from semi-structured interviews with small-scale fishers and a bioeconomic model, we found that the percentage of discards for small-scale fisheries is usually low, which is consistent with general empirical observations globally but can...