This work aims to investigate if the conventional wisdom, that a decrease in the degree of product differentiation always reduces firms’ profits, remains true in a differentiated duopoly model with decentralized, or firm-specific, monopoly unions. It is shown that, provided that unions are...

Institutional and Social Dynamics of Growth and Distribution presents a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress.

Innovation, Unemployment and Policy in the Theories of Growth and Distribution increases our understanding about the more relevant economic determinants and policy aspects of the interdependence between economic growth and income distribution.

<i> Chaos in the "Forward-looking Expectations-augmented Phillips Curve" with "Price Catch-up" </i> (di Luciano Fanti) - ABSTRACT: In this paper we investigated the dynamical properties of a text-book "expectations-augmented Phillips curve" model with the forward-looking behaviour argued by Phelps and...

<i> Innovazione finanziaria e domanda di moneta in un modello LS-LM dinamico con accumulazione </i> (di Luciano Fanti) - ABSTRACT: This paper develops an IS-LM dynamic model with capital accumulation and in-vestigates the effects of two different regimes of demand for money, the one mainly depending on...

This paper aims at investigating if the conventional wisdom (i.e. an increase of competition linked to a decrease in the degree of product differentiation always reduces firms׳ profits) can be reversed in a unionized duopoly model. We show that a decrease in the degree of product...

In this paper we show that the neoclassical standard OLG growth model, under low substitution in preferences and technology, may generate three stable steady states. In particular we show the richness of the dynamical roles played by the intertemporal substitution parameter. The novelty of our...