Based on the literature on public procurement regulation, we use an Agent-Based Model to assess the performance of different selection procedures. Specifically, we aim at investigating whether and how the inclusion of reputation of firms in the public procurement selection process affects the...

This chapter shows how economic theory and public policy analysis can illuminate decision-making relating to cultural heritage. We argue that from an economic viewpoint the appropriate conceptualisation of heritage is as a capital asset. Regarding heritage as cultural capital invites...

1. Introduction -- 2. Notes on a Definition of the Concept of Public Debt -- 2.1 Introduction -- 2.2 Analogies between borrowing and unfunded obligations -- 2.3 Differences between borrowing and unfunded obligations -- 2.4 The U.K. pension system case -- 2.5 Economic and policy implications --...

Based on the assumption that without understanding institutions, economists cannot make satisfactory policy prescriptions, this book draws some insightful conclusions on the strengths and limitations of applied economics in the field of heritage. Sicily provides an interesting and unique...