The antitrust intervention in banking has always been heavily influenced by considerations of stability. Regulation has historically given precedence to the stability objective, relegating thus competition to second place. In fact, in the case of banking, price competition tends to encourage...

This paper attempts to systematise the law and economics theory as it relates to intellectual property rights, while at the same time suggesting new perspectives for analysis. The standard literature on IPRs relies essentially on the thesis of the incentive to create and/or disclose new ideas....

This paper focuses on the estimation of sectoral import demand for Italy with European Union Countries, Japan, Canada and the United States. A strong evidence of two-way flows and product differentiation is an accepted regularity of the international trade. Given that, we have tried to include...

In this essay I suggest a first-best solution to the collusion problem in a three-levels principal-supervisor-agent hierarchy (Tirole 1986, Laffont-Tirole 1993) in the context of a repeated games model. I introduce a new player in the component game i.e. a group of consumers which is also...

The paper focuses on the determinants of the public debt/GDP ratio and analyses the conditions that guarantee the long run sustainability and the reduction of such ratio. Then discusses the dynamic of the Italian public debt in the last fifteen years and evaluate the size of the correction on...

The paper presents the preliminary results of a research project on the relationship between technological and trade performance with a special focus on Switzerland. The analysis is based on two sources of data: a dataset based on patent applications by firms from major industrialized countries...

This paper tries to reveal the tansformation of information from "cultural product" to "economic good", to highlight its specific characters in the market economy framework and to make evaluations and references to the present situation and the future scenario. This change began as a result of...

In this paper we address two relevant issues among those characterising the macroeconomic literature on migration. (a) We evaluate which impact is produced by the immigration flows coming from the enlargement countries on the EU-15 labour market. (b) We draw clues on the migrant characteristics...

This paper investigates the causes of unemployment persistence in Italy, using aggregate quarterly data. We use as reference an insider-outsider model capable of generating hysteresis. In the sample period being analysed, deep structural modifications have affected the Italian economy. For this...

It’s some time since the ensemble of the economical activities, namely the "system" of creating welfare once described as the "capitalistic production system", is now arousing criticism also in those who still are its supporters, despite of the enormous results reached in terms of welfare...