This paper presents a survey of the literature on the determinants of inter-firm credit and on its implications for the transmission mechanism of monetary policy. Theoretical explanations for trade credit can be divided in two categories: a) theories based on real functions performed by trade...

In this paper we examine the main aspects of Italian factoring market and its evolution during last two decades. Moreover, we analyze the characteristics of firms accessing this kind of financing. In Italy factoring market size is the third in the world in absolute terms (amount of turnover),...

Italian Abstract: A partire dalle condizioni di operatività, dell'impatto ambientale e delle esternalità negative che il complesso siderurgico genera sulla salute e sulla collettività (attività produttive, territorio e cittadino), la trattazione muove dall'analisi di scenario attuale e della...

Italian Abstract: La strategia di Europa 2020 impegna l'Italia a ridurre le emissioni di circa il 16 per cento nel 2020 rispetto al 2005. Nel caso dei trasporti, il comparto che maggiormente ha contribuito alla crescita delle emissioni totali tra il 1990 e il 2008, un'opzione per raggiungere...

In this paper we argue that energy efficiency and environmental efficiency are two aspects of the same problem. To show this, we assess the analytical utility of the well-known IPACT and ImPACT models, presenting here a new developed identity named Augmented ImPACT. For Italy, our findings...

European Union addresses environmental and climatic issues through different instruments (research and innovation programs, various categories of structural funds, etc. Among them, LIFE (L'Instrument Financier pour l'Environnement) is the EU’s financial instrument supporting environmental,...

LEZs (Low Emission Zones),is a defined area in many cities where access by certain polluting vehicles is restricted or deterred with the aim of improving the air quality. In many LEZs local governments introduces road pricing schemes in order to reduce social and environmental negative...

The modernization of the solid waste management sector prompted by the Ronchi decree of 1997 has proceeded slowly and is far from being completed. Regional differentials in the effectiveness of local policies and in the efficiency of waste collection and disposal firms are still large. Southern...

Recent regulation on waste fees establishes the change from tax to tariff to cover the total management cost of the collection and selection services. It does not consider the external costs (externalities). This causes a distortion in the system of relative prices. In this paper, we focus on...

This paper supplies elements for assessing the costs and benefits of electronuclear energy in order to pursue three objectives: security of supply, cost reduction, and environmental sustainability. The study reached the following conclusions: 1) the use of nuclear energy increases the...