The purpose of this paper is to analyse the Bureaucracy within Public Research Bodies and in particular of the Italian National Research Council. The research is presented in two parts: the first one describes the methodology to measure bureaucracy and the sample represented by 11 institutes of...

The organization of public research labs plays a fundamental role to increase their efficiency and the production of scientific research necessary to economic system. The paper presents the main organizational studies carried out on public research bodies in U.S.A. and Europe. After that this...

The innovation is a main variable of the economic growth, but the origin and diffusion of innovations are functions of several variables. For this reason, the contributions of other disciplines have been used to understand in depth its behaviour and spatial-temporal dynamic. The aim of this...

The purpose of this paper is to present the main studies carried out on the Bureaucracy in public research institutions. The first part of the paper describes the classical theory concerning the Bureaucracy developed by Weber, Merton et al. The second part of the research focuses the studies on...

The literature on Markov switching models is increasing and producing interesting results both at theoretical and applied levels. Most often the number of regimes, i.e., of data generating processes, is considered known; this strong hypothesis is adopted to somewhat bypass the nuisance parameter...

In this paper we examine under what circumstances the information accumulated during market closing time and conveyed to the price formation at market opening may be exploited to predict where the stock price will be at the end of the trading day. In our sample of three financial time series, we...

Italian Abstract: Il modo corretto per misurare il rischio di un titolo è attraverso la covarianza con il mercato. Il contributo di una singola azione al rischio di un portafoglio diversificato dipende dalla sua sensibilità alle variazioni del mercato, misurata dal beta del titolo. Il capital...

Italian Abstract: Nel capitolo verranno presentate alcune delle metodologie di analisi statistica impiegate per sintetizzare ed elaborare le informazioni raccolte. L'obiettivo è introdurre il lettore alla scoperta di argomenti e tecniche fondamentali per lo studio quantitativo dei fenomeni,...