The paper develops a two-stage capacity constrained duopoly model, in which the mode of competition is endogenous and the constraint is exible, to investigate the impact of Tari Rate Quotas (TRQs) and their liberalization. The model predicts that the greater the gap between the price of the...

The purpose of this paper is twofold. Firstly, to test a sample of companies listed on the Milan stock exchange from 2000 to 2006, which comparables selection method generates the most precise forecasts when appraising with price/earnings, price/book value, price/sales, enterprise value/EBIT and...

During the last few years the application of EC antitrust law has been subject to a number of changes, aiming at giving a greater role to economic analysis. This is leading to the abandonment of the traditional ordoliberal inspiration of EC competition law. This paper explores how justi ed is...

The paper highlights that economics of education formally evolved in the last century, but its conceptualization was articulated centuries ago. The most prominent economists to address issues of human capital were A. Smith, J. S. Mill and A. Marshall. The residual portion of economic growth...

We estimate the bene ts resulting from completely interconnecting the Italian electricity spot market. The market is currently divided into two geographic zones - North and South - with limited interzonal transmission capacity that often induces congestion, and hence potential inefficiency. By...

The manpower forecasting approach (MFA) was one of the first attempts in educational planning purposes. Manpower planners attempted: 1) to calculate the demand for manpower classified by occupation; 2) to convert this classification of demand by occupation into demand by educational attainment;...

The increase in spectrum demand, which has occurred internationally in the last 10-15 years as a consequence of booming wireless communications, has placed considerable pressure on traditional regulatory arrangements for spectrum access and use. Regulators, especially in industrial countries,...

Occupations and sectors are the two fundamental dimensions of structural change. From the evolution of the high/low-skill employment levels and wage ratio, we can understand which sectors have been undertaking a process of technical change. By using Eu-Silc database we investigate four...