In this paper we study the geometrical properties of the support of the limit distributions of income/wealth in economies with uninsurable individual risk, and how they are affected by technology and preference parameters and by policy variables. We work out two simple successive generation...

I re-examine the notorious Owens Valley water transfer to Los Angeles, which is a pivotal episode in the political economy of contemporary western water allocation. Negotiated between 1905 and 1935, it remains one of the largest voluntary water sales in U.S. history. It made the growth of...

Using 1975-2000 panel data, this paper examines the effects of institutions and social capital, in the form of generalized trust (proxied by contract-intensive money), on economic development in 39 African countries. The results indicate that there is a robust positive influence of social...

This study uses unit-record data on over 50,000 rural children, from the sixteen major states of India, to analyse the determinants of the risks of severe stunting and of being severely underweight. The importance of this study derives from the fact that the prevalence of under-nourishment in...

Il settore dei rifiuti sta entrando in una fase di profonda trasformazione che dovrebbe a breve consentirgli di superare quei limiti strutturali e tecnologici che fino ad oggi lo hanno caratterizzato. La nuova normativa in vigore (D.lgs 5 febbraio 1997, n. 22) sembra costituita da un buon...

The purpose of this paper is to delineate new similarities and future differences between legal systems, using pre-contractual liability and good faith. Instead of focusing on the differences between common law and civil law, we focus our attention on the gap between Europe, England included,...

The goal of the paper is to introduce a family of values for transferable utility cooperative games that are proportional for two- person games and as well satisfying some combinatorial structure com- posed by contributions of complementary coalitions or, to less extent, marginal contributions...

La presenza di un'impresa monopolista che controlla un input rilevante per altre imprese esclude la possibilità di lasciare alle sole forze di mercato la determinazione del suo prez-zo: l'alta probabilità di abusi da parte dell'impresa dominante, di possibili comportamenti predatori o di forme...

Nowadays mainstream economic textbooks maintain that economic laws can be established solely on the foundations of the exact sciences, such as mathematics or physics. The implication is that the historical date collected with the aid of statistics and other technical means can be used to...

This paper argues that Vidya (education), Veda (religion) and Varna (caste) are inter-linked in India. It examines whether, and to what extent, the enrolment of children at school in India is influenced by community norms such those of religion (Hindu or Muslim) or caste (Scheduled or...