In un articolo del 1984 M. Pohjola ha introdotto nel modello di Lancaster la considerazione della contrattazione fra capitalisti e lavoratori nella analisi della relazione fra distribuzione del reddito e accumulazione del capitale in termini di un gioco differenziale. Lo scopo del nostro lavoro...

In his paper of 1984 M. Pohjola generalized Lancaster's model of capitalism as a differential game by considering the bargaining process between capitalists and workers in the analysis of the relationship between in come distribution and capital accumulation. Our contribution aims to extend his...

English Abstract: They can be seen as the sum of a bond and an option (derivative component). The work explores some of the issues for the evaluation of the theoretical value (or fair value) of this type of bonds, providing an order of magnitude of the difference between the issue price (gross...

English abstract: This paper investigates how Covid mobility restrictions impacted the population of investors of the Italian stock market.The research is the result of a collaboration between Consob and the Scuola Normale Superiore di Pisa. The analysis tracks the trading activity of individual...

The increasing use of internal market models for market risk assessment and management promotes, in compliance with Basel II, better risk management practices but introduces at the same time the so called model risk. In the light of the many open issues connected to market risk, the aim of this...

Italian Abstract: La bilancia dei pagamenti della tecnologia riguarda le transazioni con l'estero di tecnologia non incorporata in beni fisici. Con l'introduzione in Italia del nuovo sistema di rilevazione dei dati basato principalmente sulla segnalazione diretta delle imprese, i flussi lordi...