The aim of this paper is to provide a contribution to the debate on the effectiveness ;of cohesion policies in Italy. It focuses on the effects of EU spending on the convergence process across Italian regions from 1996 to 2007. The empirical analysis is based on a neoclassical growth model which...

Standard agency contracts are enforced by means of Courts since it is assumed that the output results on which payments to the agents are conditioned are fully verifiable. This implies that the Court and the Principal have the same information. This is unrealistic in many contexts since...

It has been emphasised that tournaments can determine non-cooperative behaviour among workers employed at the same hierarchical level. Instead, less attention it has been attributed to the analysis of co-operation between superiors and subordinates. The traditional view says that cooperation of...