This paper provides a general characterization of optimal export promoting policies for foreign competitive markets and apply it to strategic trade policy and exchange rate policy. Contrary to the ambiguous results of strategic trade policy under barriers to entry in the third market, I find...

Starting from Becker’s seminal paper we review the first contributions to the economics of crime, stressing how with the first model of criminal choice, due to Becker, the way of conceiving criminal behaviours has drastically changed. In fact, criminal choice ceases to be viewed as determined...

This paper argues that television viewing produces higher material aspirations, by enhancing both adaptation and positional effects, thus lowering the effect of income on life satisfaction. Using individual data from the World Values Survey we present evidence indicating that the effect of...

This paper analyzes the relation between CEOs monetary incentives, financial regulation and risk in banks. We present a model where banks lend to opaque entrepreneurial projects to be monitored by managers; managers are remunerated according to a pay-for-performance scheme and their effort is...

In this paper we propose a framework in order to analyze the dynamical process of decision and opinion formation of two economic homogeneous and boundedly rational agents that interact and learn from each other over time. The decisional process described in our model is an adaptive adjustment...

Income tax evasion by small rms has been seldom investigated mostly because of lack of data. In this paper we use a large data set produced by the Italian Revenue Agency for this project to analyse a recent policy to contrast business income tax evasion. Since 1998 Italy has adopted a method to...

The aim of this paper is to study how the macroeconomic impulses can affect the term structure during the Great Moderation. As novelty in the research strategy, we create a term-structure using three latent factors of the yield curve. A Nelson-Siegel Model is implemented to estimate the latent...

Recently the Cambridge Journal of Economics have launched a project on New Perspectives on the Work of Piero Sraffa in a Conference and a Special Issue of the Journal. "Almost two decades after the opening of the Sraffa Archives - the Introduction reads - and 50 years on from the publication of...

This paper evaluates how different types of speculation affect the volatility of commodities’ futures prices. We adopt four indexes of speculation: Working’s T, the market share of non-commercial traders, the percentage of net long speculators over total open interest in future markets,...

Global international migration may influence child labor through a labor market effect. We empirically investigate this issue by using an original cross-country survey dataset, which combines information on international emigration flows with detailed individual-level data on child labor at age...