We use micro data to look at the firm-size wage differential in Italy. Given the remarkable importance of small firms in this country, this is a relevant issue.

This paper investigates the decision problem of an incumbent firm confronted by both a weak and a strong entrant in a differentiated market. Suppose that the incumbent can deter entry of the weak firm, but cannot deter entry of the strong firm by itself. Then the incumbent may allow entry of the...

We use micro data to look at the firm-size wage differential in Italy. Given the remarkable importance of small firms in this country, this is a relevant issue.

This paper investigates the decision problem of an incumbent firm confronted by both a weak and a strong entrant in a differentiated market. Suppose that the incumbent can deter entry of the weak firm, but cannot deter entry of the strong firm by itself. Then the incumbent may allow entry of the...

We project the future trends of the japanese saving rates with special emphasis on an analysis of the consumption and saving behavior of the household sector. Notable feature of our modeling is that savings are divided into financial and real savings components. This approach is useful since the...

Many attempts have been made to explain practical pay and promotion systems in a firm as a consequence of rational behaviour of both the employer and the employee. Recently the incentive theory has played a key role in this literature. The main subject of the incentive approachesis analyzing how...