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This study provides an assessment of the features that, operating "inside the black box", shape the evolution of the Italian economy. In the first section the focus is placed on the functioning of the labour market at the aggregate level. The picture described suggest that the Italian labour...
Persistent link: https://www.econbiz.de/10011608629
agglomeration effects, interregional trade, negative environmental externalities and various land use categories. The model is used …
Persistent link: https://www.econbiz.de/10010312366
each agent generates negative externalities on the other agents, by depleting the free access natural resource; but it also … produces positive externalities by increasing the productivity of labour via a learning-by-doing mechanism of accumulation of …-dominated by others where aggregate private consumption and labour productivity are lower. However, negative externalities can also …
Persistent link: https://www.econbiz.de/10010312441
This paper tries to explain why most migration flows show some observable jumps in their processes, a phenomenon that seems to be sympathetic with the characteristic of irreversibility of migration. We present a real option model where the choice to migrate depends on both the differential wage...
Persistent link: https://www.econbiz.de/10010312589
Demange (1994, 2002), extend to partition function games with negative externalities. Under positive externalities, although …
Persistent link: https://www.econbiz.de/10011325041
paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …
Persistent link: https://www.econbiz.de/10011325066
We generalise the coalition structure core to partition function games. Our definition relies only on one crucial assumption, namely that there is some internal consistency in the game: residuals of the deviation play a game similar to the initial one, and –whenever this is possible– they...
Persistent link: https://www.econbiz.de/10011335686
externalities. An organization is defined as a group of agents, together with a set of bilateral relations, formally, a connected … graph. Because of the presence of externalities, the profitability of coalitional threats to an organization depend on the … externalities, while the fully connected organization emerges under negative. This result is shown to hold independently of the …
Persistent link: https://www.econbiz.de/10011335721
Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study …
Persistent link: https://www.econbiz.de/10011608412
welfare effects of small policy changes in the presence of transport externalities. The model incorporates three types of … externalities: congestion, which has a feedback effect on the behaviour of the economic agents, air pollution and accidents. The … the equity effects of the policy reforms. The second contribution is related to the way in which the externalities are …
Persistent link: https://www.econbiz.de/10011608472