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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
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
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
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
In this work we compare three alternative procedures aimed at selecting a private partner in PPP projects: i.e. negotiation, auction and competitive negotiation. We show how the suitability of each of these selection mechanisms depends on many economic and institutional factors: e.g. the extent...
Persistent link: https://www.econbiz.de/10005405102
Between 1943 and 1947 a new economic order was founded, which aimed at implementing multilateral trade, international monetary cooperation and economic stability supported by government intervention. This paper describes the contribution provided to this process by a group of American economists...
Persistent link: https://www.econbiz.de/10005405103
The recent literature about the so called brain drain assumes that destination countries are characterized not only by higher wages than the source country, but also by a higher or at least not lower relative return to skill. As this assumption has a doubtful empirical validity, we assess...
Persistent link: https://www.econbiz.de/10005405104
L'obiettivo di questo articolo è quello di analizzare come la letteratura economica ha studiato le relazioni che possono instaurarsi tra istruzione, democrazia e crescita economica. La prima parte del lavoro propone una sintetica rassegna di tre filoni di ricerca che hanno esaminato...
Persistent link: https://www.econbiz.de/10005405105
We analyse voting on devolution of responsibilities for the provision of public goods to local governments in a federal country, with a bicameral national legislature. We suppose that devolution is a …scal reform which reduces federal public expenditure on a national public good, and...
Persistent link: https://www.econbiz.de/10005405106
Despite its recent economic development, Egypt employment inequalities among gender and between different age cohorts are still an unresolved issue. In this work we apply a Multilevel Generalized Linear Mixed Model to the Egyptian Labor Market Panel Survey 2006 (ELMPS 2006) and 2012 (ELMPS...
Persistent link: https://www.econbiz.de/10011096267