This paper posits a new approach to the 'wage equation' of the New Economic Geography (NEG). On one side, it is shown that the NEG provides a spatial explanation of marginal costs, instead of wages. On the other side, and focusing on the statistical properties of the data, it is explained why...

We reconcile conflicting evidence on the magnitude of the elasticity of substitution of land for capital, which is a key determinant of the relationship between the price of land and the density of land use. We first compare the performance of classic estimation approaches with a new estimation...

The entropic value of the production risk is closely linked to the farmer's aversion to this type of risk. Since risk aversion is difficult to quantify, it is preferable to use the MaxEnt model as a quantitative benchmark in assessing and covering the production risk through adequate financial...

The wheat crop is very important worldwide and the wheat demand is expected to increase in the future, as a result of the population number growth and dietary changes. So, the wheat production grow represents a significantchallenge that the agriculture must face with, in order to ensure the food...

Peer effects in education production functions are predominantly employed as the mean classroom performance. Based on sociological theory and using spatial regression techniques, I introduce social network matrices that correspond to a weighting scheme for peers within the class. In a spatial...

In this paper I assess the existence, and the magnitude, of technological externalities in the form of creativity spillovers that affect individual firms' innovative intensity. Relying on a large sample of Italian manufacturing firms, I first estimate a knowledge production function through a...