The fight against cartels is a priority for antitrust authorities on both sides of the Atlantic. What differs between the EU and the US is not the basic toolkit for achieving deterrence, but to whom it is targeted. In the EU, pecuniary sanctions against the firm are the only instruments...

This paper aims to highlight the importance of considering endogenous peer effects, as defined by Manski (1993), in order to identify gender composition effect on education outcome appropriately. Using Manski (1993) linear-in-means model, this paper illustrates that the gender composition effect...

Self-financing has often been seen as an important source for research-and-development (R&D) funding. However, an in-depth comparison between the determinants of self-financing in the case of traditional investments versus those in R&D has not been provided yet. We use a comprehensive data set...

We study unique data from a dynamic natural experiment involving more than 7,000 American women to understand how a woman’s propensity to perform an annual mammography changes over time after a co-worker is diagnosed with breast cancer. We find that in the year this event occurs the...

Policy interventions aimed at affecting a specific behavior may also indirectly affect individual choices in other domains. In this paper we study the direct effect of tobacco excise taxes and smoking bans on smoking behavior, and the indirect effect on eating behavior and body weight. Using...

This paper investigates the determinants of reciprocity towards the experimenters in the lab under a flat-wage scheme. We find that personality attributes – such as agreeableness – help predict the behaviour of the subjects. We additionally propose and assess a general measure of reciprocity.

Agriculture is the sector most vulnerable to climate change due to its high dependence on climate and weather conditions. Climate change is a main challenge for agriculture, food security and rural livelihoods for millions of people in India. Among India’s population of more than one billion...

This paper exploits discontinuities in the assigment of scholarships targeted at low income students in an Italian University in order to evaluate the effects of monetary incentives on students' academic achievement. Results reveal positive and sizeable causal effects both in terms of credits...

This analysis investigates a political corruption model that builds on previous literature on corruption in hierarchies. Our study enriches the literature on political corruption emphasizing the contrasting role of the minorities having a control role of the majorities. In particular, this paper...

We characterize the equilibrium in a homogeneous good Cournot duopoly in which firms have the choice to react to a cost-push shock by paying a lump-sum adjustment cost in order to offset the initial rise in marginal cost. Our results show that the size of the shock and the size of the adjustment...