Showing 1 - 9 of 9
capital and trust (Banfield (1958), Putnam (1993)) across different parts of Italy, using microeconomic data on households and …
Persistent link: https://www.econbiz.de/10012471212
The benefits of bureaucratic discretion depend on the extent to which it is used for public benefit versus exploited for private gain. We study the relationship between discretion and corruption in Italian government procurement auctions, using a confidential database of firms and procurement...
Persistent link: https://www.econbiz.de/10012482428
We examine the correlation between gender and bureaucratic corruption using two distinct datasets, one from Italy and a …
Persistent link: https://www.econbiz.de/10012482615
To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively...
Persistent link: https://www.econbiz.de/10012464934
We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was higher and - contrary to expectations- access to...
Persistent link: https://www.econbiz.de/10012466164
We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...
Persistent link: https://www.econbiz.de/10012467028
We study the effects of differences in local financial development within an integrated financial market. To do so, we construct a new indicator of financial development by estimating a regional effect on the probability that, ceteris paribus, a household is shut off from the credit market. By...
Persistent link: https://www.econbiz.de/10012469791
We use a repeated survey of an Italian bank's clients to test whether investors' risk aversion increases following the 2008 financial crisis. We find that both a qualitative and a quantitative measure of risk aversion increases substantially after the crisis. After considering standard...
Persistent link: https://www.econbiz.de/10012459377
Italy, Colombia, and Pakistan legislators and citizens respond similarly to hypothetical scenarios involving trade … barriers to effective anti-corruption policies are unlikely to lie with lack of information by legislators or by their …
Persistent link: https://www.econbiz.de/10015056149