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A Big Push to Deter Corruption: Evidence from Italy

Acconcia, Antonio; Cantabene, Claudia - Centro Studi di Economia e Finanza (CSEF) - 2006

of Mani Pulite was so much influential that since then many indicators suggest a steadily decreasing path for corruption … in Italy. This paper shows that Mani Pulite was mainly effective in deterring corruption as it broke up the feed due to …

Persistent link: https://www.econbiz.de/10005626750

Endogenous Corruption and Tax Evasion in a Dynamic Model

Acconcia, Antonio - Centro Studi di Economia e Finanza (CSEF) - 2006

economy is also a¤ected by the di¤usion of corruption, its impact depending upon the cost of detecting a bribe agreement. When …

Persistent link: https://www.econbiz.de/10005802040

Legal Standards, Enforcement and Corruption

Immordino, Giovanni; Pagano, Marco - Centro Studi di Economia e Finanza (CSEF) - 2003

and decreasing in officials’ corruption. In contrast to the “tollbooth view” of regulation, the standard chosen by a self …-interested government is a non-monotonic function of officials’ corruption, and can be either lower or higher than that chosen by a … income, and negatively with corruption, consistently with the model’s predictions for benevolent governments. …

Persistent link: https://www.econbiz.de/10005802073

Norm Flexibility and Private Initiative

Immordino, Giovanni; Pagano, Marco; Polo, Michele - Centro Studi di Economia e Finanza (CSEF) - 2006

greater is potential corruption, the more rigid the optimal norms. …

Persistent link: https://www.econbiz.de/10005802102

Multiple-Bank Lending, Creditor Rights and Information Sharing

Bennardo, Alberto; Pagano, Marco; Piccolo, Salvatore - Centro Studi di Economia e Finanza (CSEF) - 2008

Multiple bank lending creates an incentive to overborrow and default. When creditor rights are poorly protected and collateral value is volatile, this incentive leads to rationing and non-competitive interest rates. If banks share information about past debts via credit reporting systems, the...

Persistent link: https://www.econbiz.de/10005802027

Judicial Errors, Legal Standards and Innovative Activity

Immordino, Giovanni; Polo, Michele - Centro Studi di Economia e Finanza (CSEF) - 2008

We analyze the effects of judicial errors on the innovative activity of firms. Successful research investment allows to take a new action that may be ex-post welfare enhancing or welfare decreasing (illegal). Deterrence in this setting works by affecting both the incentives to invest in research...

Persistent link: https://www.econbiz.de/10005802045

Incentives to Innovate and Social Harm: Laissez-Faire, Authorization or Penalties?

Immordino, Giovanni; Pagano, Marco; Polo, Michele - Centro Studi di Economia e Finanza (CSEF) - 2009

We analyze optimal policy design when firms' research activity may lead to socially harmful innovations. Public intervention, affecting the expected profitability of innovation, may both thwart the incentives to undertake research (average deterrence) and guide the use to which innovation is put...

Persistent link: https://www.econbiz.de/10005750353

Multi-Object Auctions with Resale: An Experimental Analysis

Pagnozzi, Marco; Saral, Krista Jabs - Centro Studi di Economia e Finanza (CSEF) - 2013

We analyze the effects of resale through bargaining in multi-object uniform-price auctions with asymmetric bidders. The possibility of resale affects bidders’ strategies, and hence the allocation of the objects on sale and the seller’s revenue. Our experimental design consists of four...

Persistent link: https://www.econbiz.de/10010801009

Calamity, Aid and Indirect Reciprocity: the Long Run Impact of Tsunami on Altruism

Becchetti, Leonardo; Castriota, Stefano; Conzo, Pierluigi - Centro Studi di Economia e Finanza (CSEF) - 2012

Natural disasters have been shown to produce effects on social capital, risk and time preferences of victims. We run experiments on altruistic preferences on a sample of Sri Lankan microfinance borrowers affected/unaffected by the tsunami shock in 2004 at a 7-year distance from the event (a...

Persistent link: https://www.econbiz.de/10010801013

Trust and Cheating in Sri Lanka: The Role of Experimentally-Induced Emotions about Tsunam

Conzo, Pierluigi - Centro Studi di Economia e Finanza (CSEF) - 2014

Through a field experiment in Sri Lanka I analyze the role of experimentally-induced memories of 2004 tsunami on …

Persistent link: https://www.econbiz.de/10011272639