economic crises during the 1990s. We find that the severity of crisis has had a positive impact on the subsequent pace of …

The distributional consequences of the recent economic crisis are still broadly unknown. While it is possible to …

incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the …

automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional …

Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism … destinations, as a consequence of the economic crisis, has been recently suggested by a number of authors who obtain their results … dataset is made of inter-regional tourism flows among Italian regions over the 2000-12 period; across this period, 2008 to …

Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …

Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …

risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines structured student loans … (redistribution). In separating optima, the talented types bear more risk than the less-talented ones; they arise only if the social …