Showing 1 - 10 of 171
The firms’ size distribution in the Italian Golden age has been described as a successful example of the adoption of the big business model which is characterized by large firms able to exploit the economies of scale of the modern technologies. Two main questions are present in literature: was...
Persistent link: https://www.econbiz.de/10011266267
Real markets can be naturally represented as networks, and they share with other social networks the fundamental property of sparsity, whereby agents are connected by l = O (n) relationships. The exponential networks model introduced by Park and Newman can be extended in order to deal with this...
Persistent link: https://www.econbiz.de/10010857754
The interbank market has a natural multiplex network representation. We employ a unique database of supervisory reports of Italian banks to the Banca d'Italia that includes all bilateral exposures broken down by maturity and by the secured and unsecured nature of the contract. We find that...
Persistent link: https://www.econbiz.de/10010726281
We represent an exchange economy in terms of statistical ensembles for complex networks by introducing the concept of market configuration. In this way, starting from economic reasoning, we obtain a sound interpretation of the typical network variables in terms of thermodynamic quantities...
Persistent link: https://www.econbiz.de/10010714025
The so called “socio-technical transitions” is driven by actors such as firms and industries, policy makers and politicians, consumers, civil society, engineers and researchers. This paper addresses the role of consumers in the transition process and their interaction with the established...
Persistent link: https://www.econbiz.de/10010857750
We develop a model of persuasion where, consistent with the psychological literature on dual process theory, the persuadee has to sustain a cognitive effort - the elaboration cost - in order to fully and precisely elaborate information. The persuader makes an offer to the persuadee and, aware...
Persistent link: https://www.econbiz.de/10010857751
Latin American countries experienced important changes over the last decade. The implementation of fiscal reforms, public debt reduction and the high level of accumulated reserves gave them more policy space than in the past. As a result, Latin American countries were able to implement...
Persistent link: https://www.econbiz.de/10010857752
Without the passions there would be little reason to act at all. Nevertheless, in standard economic models human action is driven solely by self-interest: the passions are supposed to interfere with our ability to form rational beliefs and to make rational choices. In fact, any action originated...
Persistent link: https://www.econbiz.de/10010857753
Areeda and Turner (1975) were the first to argue that a price below marginal costs should be considered a sign of predation. Recognizing that marginal cost data were typically unavailable, the authors concluded that a price below average variable cost should be presumed unlawful. This so-called...
Persistent link: https://www.econbiz.de/10010857755
We review the burgeoning literature on two-sided markets focusing on the different definitions that have been proposed. In particular, we show how the well-known definition given by Evans is a particular case of the more general definition proposed by Rochet and Tirole. We then identify the...
Persistent link: https://www.econbiz.de/10010857756