This paper analyses the role of venture capitalists in Italian Initial Public Offerings (IPOs). Between 1999 and 2012 venture capital backed IPOs are on average less underpriced than non-venture backed IPOs. By using a regression-based approach to account for the non-random distribution of...

We analyzed whether, in democratic open societies, economic and demographic conditions allow sporting success at the aggregate level to be predicted. Theoretical considerations led to the hypothesis that the population size and gross domestic product (GDP) per capita should be important...

This paper investigates whether inherited legacies such as legal origin allow for the explanation of deforestation in 110 developed and developing countries. I hypothesize that differences on deforestation among countries can be attributed to their legal systems. Also, since nearly all common...

A sizable empirical literature relates a nation's Olympic performance to socioeconomic factors by adopting linear regression or a Tobit approach suggested by Bernard and Busse (2004). We propose an alternative model where a nation's medal share depends on its competitiveness relative to other...

This paper extends the results of series of papers, i.e., Zaim (2004) and Yörük and Zaim (2005a, 2005b). We construct an environmental efficiency index for OECD countries and establish an environmental Kuznets curve relationship between environmental efficiency and income. We then investigate...

This paper extends the results of series of papers, i.e., Zaim (2004) and Yörük and Zaim (2005a, 2005b). We construct an environmental efficiency index for OECD countries and establish an environmental Kuznets curve relationship between environmental efficiency and income. We then investigate...

In contrast to the predictions of conventional economic theory, it is well documented that similar workers receive wages positively correlated with the size of the firm employing them. To explain these findings we augment the Waldman (1984) framework by adding a size variable and construct a...

This note analyzes the differences between strategic trade and domestic competition policies to regulate a unionized monopoly. In the presence of an industry-wide union, the entry of a domestic competitor does not reduce labor market distortions, while strategic trade policy reduces both labor...

In this paper I investigate the relationship between unionization and the size of the informal economy. Using a cross-country panel data for 30 countries over the period from 1960 to 2009, I find a strong and robust negative correlation between unionization and the size of the informal economy.

This paper investigates the patterns of bargaining in a multi-unit firm in the presence of labor unions coordination activities. It derives the bargaining regimes arising as sub-game perfect equilibria, considering both simultaneous and sequential games where parties choose whether to coordinate...