Public drug expenditures increased markedly in recent years across Italian Regions and they have become an important issue in the debate on health care cost containment. This paper uses Italian regional data to investigate the determinants of pharmaceutical expenditures. The study differs from...

This paper examined the performance of an investment in paintings during the period 1987-1995 by applying the repeat sales technique. Since the period of time analysed in this work is characterised by a boom and a non-boom period, a price risk term is introduced to separate temporal and...