Does participation in inter-firm networks make access to credit easier for firms? Is finance a motivation driving the formation of inter-firm networks? During the last twenty years these two questions have been hotly debated by economists both theoretically and empirically. In this paper, we...

In some European countries, the liberalization of the motor insurance market occurred in the 1990s led to increasing fares and claims with profits staying stable or decreasing. In this paper, we argue that these phenomena are due to the impact of liberalization on the companies' optimal choices....

It is widely recognized that regional policies implemented in Southern Italy in the last 15 years have had poor effects in terms of Gdp, employment and firms' performance. This chapter seeks to put forth possible explanations of this unfortunate outcome and to predict the likely impact of the...

E' ben noto che i tassi di interesse sul credito bancario differiscono significativamente secondo che le imprese appartengono a diversi settori industriali, aree geografiche, gruppi di eta'. La spiegazione usuale di questo fenomeno Š che esista una correlazione tra l'appartenenza al gruppo e la...

We present a solution for a three stage spatial competition model that does not require restrictive assumptions on price expectations. This allows us to generalize the Raith (2003) model to the case where principals behave in a fully strategic fashion both in the price and in the compensation...

Increasing premiums, increasing claims and decreasing profits are three striking facts associated in some European countries to motor insurance liberalization of 1990's. In this paper, we argue that these phenomena may be considered not a consequence of collusion or other misapplications of...

Questo lavoro analizza le diverse fasi della recente crisi economico-finanziaria, ponendo l'accento sull'entita' del credit crunch in Italia e nel resto d'Europa, al fine di cogliere le similitudini ma, soprattutto, le differenze tra i paesi centrali e quelli periferici ell'area dell'euro, tra i...