After the Second World War, as the Assemblea Costituente was drafting the new republican Constitution, an intense debate took place among its members as to what model to adopt for the Italian economy. A special Commission, the "Credit Commission", was set up to revise the 1936 banking law,...

We evaluate the effects of the partial delegation of the right to select subsidy recipients from national to regional policymakers in Italy on a sample of more than 10,000 projects. We show that regional policymakers attach higher value to job creation by paying significantly more, in terms of...

One of the effects of the introduction of fair trade goods is that of triggering socially responsible imitation of profit maximising sellers and distributors, thereby creating a consumer driven market mechanism which promotes equity and inclusion. To proof ourclaim we analyze the effects of a...

We highlight the relevance of studying the performance of productive units by considering space and product relationships. By applying the district/no district and independent/subcontractee status taxonomy, we find that district independent firms have higher value added and are more efficient...

We study the effect of relational goods on life satisfaction. We consider that retirement is an event after which the time investable in personal relationships increases so we instrument social life, which we suspect of being endogenous, with the sample proportion of retired by year. With such...

In our model of ethical product differentiation two duopolists, a profit maximizing producer (PMP) and a "socially responsible" (SR) producer, compete over prices and "socially and environmentally responsible" features of their products. We show that the PMP finds it optimal to reduce his price...