Modeling crude oil volatility is of substantial interest for both energy researchers and policy makers. Many authors emphasize the link between this volatility and some exogenous economic variables. This paper aims to investigate the impact of the U.S. Federal Reserve monetary policy on crude...

Time preference, the weight that individuals give to future over current consumption, is a characteristic that is thought to influence decision-making in almost every sphere of life, including personal finances, diet, exercise, sexual behavior and the environment. In this article we provide...

The speed of convergence of the truncated realized covariance to the integrated covariation between the two Brownian parts of two semimartingales is heavily influenced by the presence of infinite activity jumps with infinite variation. Namely, the two processes small jumps play a crucial role...

This paper offers a firm level perspective of global value chain participation in the food industry. Exploiting a very rich and original dataset, based on a 2011 survey of 25,090 Italian firms operating in manufacturing and related services, we characterize the food industry, describing its main...

In the standard arrovian framework and under the assumption that individual preferences and social outcomes are linear orders on the set of alternatives, we study the rules which satisfy suitable symmetries and obey the majority principle. In particular, supposing that individuals and...

In recent years, an increasing number of studies have stressed the relevance of the consumer experience in the research of new trajectories towards sustainability. On the early stage of an innovation process the purchase continue to be strategic for the market creation although consumers should...

The firms’ size distribution in the Italian Golden age has been described as a successful example of the adoption of the big business model which is characterized by large firms able to exploit the economies of scale of the modern technologies. Two main questions are present in literature: was...

The performance gap in math of immigrant students is investigated using PISA 2012. The gap with respect to non-immigrant schoolmates is first measured. The hypothesis that first (second) generation students coming from (whose parents come from) countries with a higher performance in math fare...

Sen’s 'chooser dependence' of preferences generates issues of indexicality which, we claim, can in fact be reduced to a specification of the content of preferences within a standard approach, by means of Lewis’ theory of attitudes de se. While context sensitivity of preferences can be dealt...