This paper examines the relationship between inequality and growth in the Italian regions in the period 1990-2004. Our results support the conjecture, formulated by the most recent economic theory, that greater inequality in the distribution of personal incomes reduces real growth. Furthermore,...

Many papers in the litterature have adopted the expected utility paradigm to analyze insurance decisions. Insurance companies manage policies by growing, by adding independent risks. Even if adding risks generally ultimately decreases the probability of insolvency, the impact on the insurer's...

In this paper, we consider a décision-maker facing a financial risk flanked by a background risk, possibly non-financial, such as health or environmental risk. A decision has to be made about the amount of an investment (in the financial dimension) resulting in a future benefit either in the...