This paper focuses on the specific legacy of the 19th century private banking on Italian major mixed banks' practices. We consider their international connections (Paris, Berlin, etc.) and their operating patterns as compared to European ones. Besides, we provide a comparative quantitative...

The purpose of this paper is to discuss the conditions under which capability, transaction and scale considerations interact in determining organisational boundaries. I will argue that this interaction contributes to explaining the individual firms performance and growth whenever cognitive...

Since little attention has been paid to the effects of the regulation of wages on individuals' fertility choice, this paper investigates such effects within a standard OLG model of neoclassical growth. Some new results, so far escaped closer scrutiny by the increasing literature investigating...

In this paper we show that the neoclassical standard OLG growth model, under low substitution in preferences and technology, may generate three stable steady states. In particular we show the richness of the dynamical roles played by the intertemporal substitution parameter. The novelty of our...

In this paper we will describe the liner shipping industry in the Mediterranean and in Italy. The structure of the industry is representative of the oligopolistic structure that is taking shape on a worldwide level. In particular the main terminals in Italy have undergone a "colonization...

The aim of this paper is to analyse the relations between the bankers and the fascist regime and to verify if the regime can be considered as an agent of business elites or these are been submited to the dictatorship. We deal with two problems: the extension of turnover of bankers and managers...

We study the evolution of the wage differentials between skilled and unskilled workers in Italy from 1977 to 2004. In this period, the differentials do not show a clear trend (save for a feeble increasing trend in the very last years), but they fluctuate widely around a fairly stable mean. There...

This paper explores the issues arising when the reduced form cointegrating vectors are obtained from an incomplete VAR with omitted endogenous variables. Reconsidering some Wickens' (1996) results, we show that the specification of an incomplete VAR model, based on variables of the reduced form...