https://hdl.handle.net/2072/1745 2026-03-16T14:40:56Z 2026-03-16T14:40:56Z Giménez-Gómez, José Manuel Sudhölter, Peter Vilella Bach, Misericòrdia https://hdl.handle.net/2072/535076 2025-01-03T11:13:31Z 2022-01-01T00:00:00Z

Average monotonic cooperative games with nontransferable utility Giménez-Gómez, José Manuel; Sudhölter, Peter; Vilella Bach, Misericòrdia A non-negative transferable utility (TU) game is average monotonic if there exists a non-negative allocation according to which the relative worth is not decreasing when enlarging the coalition. We generalize this definition to the nontransferable utility (NTU) case. It is shown that an average monotonic NTU game shares several properties with an average monotonic TU game. In particular it has a special core element and there exists a population monotonic allocation scheme. We show that an NTU bankruptcy game is average monotonic with respect to the claims vector. Keywords: nontransferable utility; average monotonicity; core; population monotonicity JEL classification: C71

2022-01-01T00:00:00Z Zelu, Barbara Ama Iranzo, Susana Pérez Laborda, Alejandro https://hdl.handle.net/2072/535075 2025-01-03T10:46:52Z 2022-01-01T00:00:00Z

Financial Inclusion and Women Economic Empowerment in Ghana Zelu, Barbara Ama; Iranzo, Susana; Pérez Laborda, Alejandro Although the impact of micro-credit and direct cash transfers on women economic empowerment has been extensively studied. The impact of just having either a formal or informal bank account remains relatively understudied. This paper uses a detailed national representative data of female household heads in Ghana to analyze how having a formal and informal bank account economically empowers women. Using propensity score matching, our results elicit that having a bank account encourages women to be employed and also increases their per capita income. The results also indicate that, the level of education and sector of employment positively contributes to women’s economic empowerment. Additionally, the result reveal that female household heads living in the cities are more economically empowered than their counterpart living in the rural areas. Keywords: Financial Inclusion · Women Economic Empowerment · Gender Equality · Ghana Jel Codes : D14, D63, G21, G22, O12, O16

2022-01-01T00:00:00Z Duro Moreno, Juan Antonio Giménez-Gómez, José Manuel Sánchez-Soriano, Joaquín Vilella Bach, Misericòrdia https://hdl.handle.net/2072/535074 2025-01-03T10:36:02Z 2022-01-01T00:00:00Z

Allocating remaining carbon budgets and mitigation costs Duro Moreno, Juan Antonio; Giménez-Gómez, José Manuel; Sánchez-Soriano, Joaquín; Vilella Bach, Misericòrdia The concept of carbon budgets has become a key and effective tool in terms of communicating the existing environmental challenge and monitoring environmental policy, in the context of the Paris agreement. In this sense, the literature has addressed different mechanisms to distribute them by countries/groups according to reasonable distribution principles, among which fairness and efficiency play an essential role. Given the problem of agreeing on indicators by countries, the paper proposes the use of claims models as a basis for this distribution, which avoid using indicators and only have to agree on elements defining the distribution rules. In this sense and based on a reference of the available global Carbon Budget (Mercator) for 2018-2050, and the CO2 forecasts taken from the intermediate scenario SSP2-45 (Middle of the road) considered by the IPCC (2021), different distribution rules are addressed proposed by the literature (equality, proportional, and α-min) and are evaluated for the available groups of countries. Two relevant exercises are proposed beyond the initial distribution based on the previous theoretical rules: first, evaluate the cost of these distributions in terms of the welfare of each group (in particular, in terms of GDP); and two, use the GDP costs themselves to propose new distribution rules that are cost-efficient. The results imply having not only a global cost-efficient distribution proposal but also an annual path. We understand that the work is useful not only in terms of its methodological proposal but also as an alternative guide that structures future distribution policies. Keywords: allocation methods; claims; carbon budgets; climate change mitigation; equity JEL classification: D7; H4; H8; Q58; Q54

2022-01-01T00:00:00Z Salekpay, Foroogh Giménez-Gómez, José Manuel https://hdl.handle.net/2072/535073 2025-01-03T10:33:32Z 2022-01-01T00:00:00Z

How to distribute the ERDF funds through a combination of egalitarian allocations: the CELmin Salekpay, Foroogh; Giménez-Gómez, José Manuel As Solís-Baltodano et al. (2021) figure out, almost a third of the total European Union budget– has been set aside for the Cohesion Policy during the 2014-2020 period. The distribution of this budget is made through three main structural and investment funds, trying to provoke the convergence in the level of development of EU countries. Specifically, the authors, by analysing this situation as a claims problem (O’Neill, 1982), find out the claims solution that performs better than the others by reducing inequality promoting convergence to a greater degree (the constrained equal losses rule). Nonetheless, when using this egalitarian division of losses, regions may receive no amount of funds. This paper defines a new way to distribute the limited resources of the European Regional Development Fund (ERDF). We propose a compromise between the egalitarian approaches, i.e., we combine the egalitarian division of the funds with an egalitarian division of the losses (what regions do not get). In doing so, our proposal combines the constrained equal losses solution with the ensuring of a minimum amount to each region (sustainable bound). Finally, we provide an axiomatic analysis of the new solution and we apply it to the ERDF problem. Keywords: European Regional Development Fund; Conflicting claims problems; Egalitarian distribution; Constrained equal losses

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