production and volume of trade if time zones of the trading nations are non-overlapping. This implies a positive effect of … distance on the volume of trade in general and virtual trade in particular. It is also shown that exploitation of time zone … differences raises welfare and ensures capital accumulation. The paper builds on the emerging literature on time zones and pure …

. Our hypothesis is that inadequate contract enforcement has hindered investment and, in consequence, indirectly has had a … measure the quality of contract enforcement. We then introduce one measure that has the advantages of being measurable into … the past and not depending on subjective judgments; namely, the “contract intensive money” (CIM) indicator proposed by …

one of such policies, i.e. the network contract. Network Contracts are an innovative policy introduced in Italy with Law 9 … April 2009, N. 33. This policy fosters the creation of firm aggregations with an ad hoc contract, without resorting on … mergers. Network contracts are meant to increase economic efficiency for all firms involved in the contract. The paper employs …