In the postal sector, the net cost of universal service depends on the content of the service, the postal market characteristics and the country s geographical configuration. These three groups of factors affect both the direct cost of providing the service and the extent of competition on the...

This paper addresses the question of delegation in an organisation where there is an initial asymmetry of information between the principal and the agent. We assume that the principal cannot use revelation techniques a la Baron Myerson to elicit agent's superior information and in contrast, we...

We model a competitive labor market populated by workers who are heterogeneous in wealth and skills, in which education plays a signaling role. We show that whenever the accumulation of factors of production such has technology results in a wider wage premium for skills over time – as it might...

This paper studies the impact of a set of managerial features on performance in the top division of the Italian football league during seasons 2000/01-2009/10. Our set of coach characteristics includes indicators of skill, experience, innate features as well as empathy with the team. We find...

The paper studies a two-sector economy with investments in human and physical capital and imperfect labor markets. Workers and firms endogenously select (paying a fixed cost) the sector they are active in, and choose the amount of their investments. The economy is characterized by pecuniary...

This article studies the behavior of a firm searching to fill a vacancy. The main assumption is that the firm can offer two different kinds of contracts to the workers, either a short-term contract or a long-term one. The short-term contract acts as a probationary stage in which the firm can...

This article studies the behavior of the firm when it is searching to fill a vacancy. The principal hypothesis is that the firm can offer two kinds of contracts to the workers, short-term or long-term contracts. We suppose that the worker’s bargaining power over the wage is different according...

We consider a random matching model where heterogeneous agents endogenously choose to invest time and real resources in education. Generically in the space of the economies, there is an open interval of possible lengths of schooling such that, at at least one of the associated steady states...