In relation to the finances of Regions – particularly, to the determination of “fundamental expenses” referable to the constraint specified in the letter m), 2nd paragraph, of the article 117 of Italian Constitution – in the Delegation Act on Fiscal Federalism (Law n. 42 of 5 May 2009),...

This book organized by Alice Abreu, actual President of ISA-RC30 “Sociology of Work”, is a follow up of an international seminar on the same theme of the title, held in September 1997 also in Rio de Janeiro (Brazil). In this book are published papers presented on Latin American case studies,...

We investigate incentive effects of a typical hedge-fund contract for a manager with power utility. With a one-year horizon, she displays risk-taking that varies dramatically with fund value. We extend the model to multiple yearly evaluation periods and find her risk-taking is rapidly moderated...