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Overoptimism and Lender Liability in the Consumer Credit Market

Iossa, Elisabetta; Palumbo, Giuliana - Banca d'Italia - 2006

the seller are jointly liable to the consumer for breach of the sale contract by the seller. We study the rationale for …

Persistent link: https://www.econbiz.de/10005609390

Entry barriers in Italian retail trade

Schivardi, Fabiano; Viviano, Eliana - Banca d'Italia - 2007

The 1998 reform of the Italian retail trade sector delegated to the regional governments the regulation of entry of large retail shops. We use the local variation in regulation to determine the effects of entry barriers on firm performance for a representative sample of medium and large retail...

Persistent link: https://www.econbiz.de/10005609377

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

Risk allocation and incentives for private contractors: an analysis of Italian project financing contracts

Cori, Rosalba; Giorgiantonio, Cristina; Paradisi, Ilaria - Banca d'Italia - 2010

Technical Unit with a view to monitoring public-private contract partnerships. Overall, the analysis reveals the backwardness of … employment of penalties for breach of contract by the concessionaire, especially in the management phase, and ï¿½ conversely ï … supervisory activity of the grantor during the various phases of the contract. …

Persistent link: https://www.econbiz.de/10008764022

The network contract

Bentivogli, Chiara; Quintiliani, Fabio; Sabbatini, Daniele - Banca d'Italia - 2013

mergers, but may prove ineffective as a substitute for firmsï¿½ growth. The network contract is a comparatively more flexible … contract adds to a plethora of incentives that distort firmsï¿½ choices. Members of a network contract have often a pre … located in faraway regions. Probit regressions show: i) the probability of entering a network contract increases with firmï …

Persistent link: https://www.econbiz.de/10011105113

Trends in the housing market: Italy and the international comparison

Bonis, Riccardo De; Lamorgese, Andrea; Sabbatini, Roberto; … - Banca d'Italia - 2013

The real estate sector is of particular interest from a central bank's perspective; due to its size, it directly and indirectly affects economic developments, financial stability and the monetary policy stance. The volume collects the papers by economists of the Bank of Italy and the discussions...

Persistent link: https://www.econbiz.de/10011277934

Households' savings in China

Cristadoro, Riccardo; Marconi, Daniela - Banca d'Italia - 2011

This paper studies the determinants of Chinese householdsï¿½ saving. Domestic saving in China is the highest in the world in terms of GDP and it is mirrored in a large and persistent current account surplus. First, we show that notwithstanding the rising contribution of government and firms...

Persistent link: https://www.econbiz.de/10009386393

Wealth effects in emerging economies

Ciarlone, Alessio - Banca d'Italia - 2012

In this paper I estimate the impact of changes in real and financial wealth ï¿½ proxied by house and stock market prices ï¿½ on private consumption for a panel of sixteen emerging economies in Asia and Central and Eastern Europe. Using recent econometric techniques for heterogeneous...

Persistent link: https://www.econbiz.de/10009645796

A micro simulation model of demographic development and households' economic behavior in Italy

Ando, Albert; Nicoletti-Altimari, Sergio - Banca d'Italia - 2004

The relationship between the demographic structure and the saving rate of a society is the reflection of the aggregation of the behaviour of heterogeneous households, differing from one another in the type of living arrangements and in the characteristics of their members. In order to contribute...

Persistent link: https://www.econbiz.de/10005113518

Italian households' debt: determinants of demand and supply

Magri, Silvia - Banca d'Italia - 2002

This paper analyzes the determinants of Italian householdsï¿½ participation in the debt market, considering both demand and supply effects and using the Bank of Italyï¿½s Survey of Household Income and Wealth. The probability of debt is positively influenced by age (until 35 years), which...

Persistent link: https://www.econbiz.de/10005113535