heterogeneity, unobserved heterogeneity, and endogeneity cannot easily be controlled for. The innovation of Acemoglu, Johnson and …

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk …

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … inequality. Moreover, over time, corporate equity has become even more skewed relative to consumption …

two (input and output) dimensions of innovation into a unique efficiency perspective. To this aim, the impact of public … sample of firm-level data drawn from the third Italian Community Innovation Survey (CIS). A bivariate endogenous switching … the same time getting rid of the two sources of endogeneity potentially affecting the results, i.e. the possible …

Current literature on the impact assessment of government innovation subsidies is mainly empirical driven and lacks an … improve the effectiveness of government support for innovation …

Rotating Savings and Credit Association (ROSCA). We measure the efficiency of a ROSCA by the expected waiting time that it … optimal size of a ROSCA as the number of participants that results in the minimal expected waiting time. We show that an … optimal size of a ROSCA exists, that it is limited, and that it is a multiple of the number of time periods that it takes an …