We study political distortions that emerge in situations where agents' political power is disproportionate with respect to their economic power. We use the Shapley value to evaluate both the economic and the political power. We show that usual weighted majority voting cannot prevent political...

The paper aims to the laying out of conceptual and empirical bases for analyzing the impact of the intangible elements have on local performance. These include the cultural and natural heritage and human capital both in the process of territorial growth – regional and provincial – and in the...

The health care reform it is no longer to be postponed due to the high costs and inefficiencies, as well as differences in the distribution of services, and sharpen existing disparities in the quality of care between regions, according to the health needs of the growing aging population and the...

This paper talks about multi-pillar pension system in Italy, focusing most on the impact of Pension Funds established by trade unions and employers associations. Minor sensitivity to demographic shocks is what makes funding appealing in respect of public <em>pay-as-you-go</em> scheme. Benefit comes from...

There is still an unmet need for intensified research into health economic evaluation models of orphan drugs. In the first part of the paper some main issues related to the limits of cost-effectiveness in rare diseases are developed. In order to investigate the theoretical aspect in practice, a...

The main feature of the italian trade pattern is the polarization of revealed comparative advantage in the traditional labor intensive sectors. This seems at odds with the fact that Italy is a high-income industrial country. In this paper, we argue that this peculiar trade structure can be...

The paper presents some recent results on multivariate GARCH models, and proposes a parametrization which guarantees a positive definite conditional variance-covariance matrix of the disturbances. The properties of quasi-maximum likelihood estimators are showed. The latter are, in the...

Today's business have international and intercultural dimensions. The complexity of market, organizational climate and culture and the management of human resources demand interdisciplinary and intercultural approach which are available in anthropological researches and methods. The consumer...

The paper re-examines critically the growing literature on localised knowledge spillovers (LKSs), and finds the econometric evidence on the subject still lacking of a firm theoretical background, especially in respect of the more recent developments in the economics of knowledge. Therefore such...

The growing role of evaluation of academic activities in the Italian university system fosters a careful thought about the main lines of evolution of evaluation in European university systems. The analysis will be carried out through a comparative approach. It will help to understand the Italian...