The article aims at investigating the potential of intellectual capital statement as a source of information for the credit worthiness evaluation of firms asking for loans. Information about intangible assets can significantly supplement the traditional analysis based on financial data.To this...

Viene descritto un modello dove specie commerciali e protette sono in competizione per la terra. Il modello include l'analisi di un conflitto tra obiettivi ecologici ed economici e suggerisce criteri per misurare entrambe le dimensioni del sistema di gestione.Abbiamo visto che in problemi...

COMPETITION IN NEWSPAPER MARKETS, RENT SEEKING AND THE QUALITY OF INFORMATION. The availability of adequate information is one of the most important conditions for making markets and political systems work efficiently. The power of influencing, enhancing or concealing information on certain...

Static tax-benefit microsimulation models (MSM) are widely used and reputed tools for public policy analysis but a more than careful use of them is compelling. This paper focuses on the analysis of MSM output, suggesting to use nonparametric kernel methods rather than most often used histograms...

We build a generalised growth model of horizontal product innovation with human capital accumulation in which the monopolistic mark-up set in the uncompetitive sector and the degree of returns to specialization are disentangled. We find that product market power has a positive growth effect when...

Rise and decline of the notion of "own rate of interest" in Sraffa. The notion of commodity rate of interest, introduced by Sraffa in a short review-article published in1932, is taken up by Keynes a few years later under the label of own rate of interest. The latter expression soon spreads in...

We extend the theory of advertising as a quality signal, using a model where an entrant can choose to advertise by comparing its product to that of an established incumbent. Comparative advertising, comparing quality of one’s own product to that of a rival’s, empowers the latter to file for...