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Sorting, reputation and entry in a market for experts
Sette, Enrico - Banca d'Italia - 2009
investigates under what conditions increased entry of experts increases their incentives to exert effort. The results of the model … can be applied to examine the effects of entry into the markets for doctors, lawyers, professional consultancies. …
Persistent link: https://www.econbiz.de/10008527062
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The retail trade sector and the food industry in Italy
Viviano, Eliana; Gigio, Luciana Aimone; Ciapanna, Emanuela - Banca d'Italia - 2012
In this collection of papers we first analyze the evolution of the Italian food industry and the retail trade sector during the past decade (Chapters 1 and 2). Chapter 3 describes the structure of large retailers and buying groups in Italy. Chapter 4 proposes alternative measures of the degree...
Persistent link: https://www.econbiz.de/10011185854
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The Political Economy of Investor Protection
Tommasino, Pietro - Banca d'Italia - 2006
financing of new firms and enhance competition. As a consequence, industry incumbents will try to influence the political …
Persistent link: https://www.econbiz.de/10005609341
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Infrastructure and project financing in Italy: the (possible) role of the regulation
Giorgiantonio, Cristina; Giovanniello, Valentina - Banca d'Italia - 2009
There has been a significant increase in project financing in the public sector in Europe in the past decade, benefiting the implementation of infrastructure projects. In Italy, project financing is still much more limited than in such countries as Spain and the UK: the projects funded are...
Persistent link: https://www.econbiz.de/10008472088
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Taxi and limousine services after the Bersani reform: an investigation on main Italian cities
Bentivogli, Chiara - Banca d'Italia - 2008
Using data from a Bank of Italy survey, this paper analyzes the Italian taxi market and its recent changes. Local regulations are rather homogeneous, while there is a widespread disproportion, within municipal advisory committees, between the number of representatives of taxi drivers and that of...
Persistent link: https://www.econbiz.de/10005467322
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Service regulation and growth: evidence from OECD countries
Barone, Guglielmo; Cingano, Federico - Banca d'Italia - 2008
We study the effects of anti-competitive service regulation by examining whether OECD countries with less anti …-competitive regulation see a better economic performance of manufacturing industries using less-regulated services more intensively. Our … results indicate that lower service regulation translates into faster value added, productivity, and export growth of …
Persistent link: https://www.econbiz.de/10005113605
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Water services in Italy: implementation of the reform and efficiency of providers
Benvenuti, Michele; Gennari, Elena - Banca d'Italia - 2008
through the introduction of comparative competitive mechanisms such as the yardstick competition. …
Persistent link: https://www.econbiz.de/10005113689
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Securitization is not that evil after all
Albertazzi, Ugo; Eramo, Ginette; Gambacorta, Leonardo; … - Banca d'Italia - 2011
A growing number of studies on the US subprime market indicate that, due to asymmetric information, credit risk transfer activities have perverse effects on banks� lending standards. We investigate a large part of the market for securitized assets (�prime mortgages�) in Italy, a...
Persistent link: https://www.econbiz.de/10008867443
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Informed trading and stock market efficiency
Taneli M�kinen - Banca d'Italia - 2014
The information content of stock prices is analysed without imposing strong restrictions on traders' preferences and the distribution of dividends. Noise in the information contained in equilibrium prices arises from endogenous asset supply, which offsets price movements due to informed trading....
Persistent link: https://www.econbiz.de/10011099648
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Bad Loans and Entry into Local Credit Markets
Bofondi, Marcello; Gobbi, Giorgio - Banca d'Italia - 2004
Is deregulation sufficient to grant free entry in local credit markets? Economic theory suggests at least two ways in … which asymmetric information between incumbents and entrants can work as an endogenous barrier to entry. First, entrantsï …
Persistent link: https://www.econbiz.de/10005113666