Using an endogenous growth model where the discount rate is a function of consumption, we show that the condition in which the elasticity of the marginal utility of consumption is greater than 1 ensures, at the same time, the existence of an unique saddle point equilibrium and the maximization...

In this article we apply and extend the model elaborated by Acemoglu and Verdier in their seminal paper (2000), to examine how the economy represented in their theoretical framework responds to an exogenous change in the agent's incentive. In particular, we focus on the consequences of a famous...

In this paper we use Pindyck’s model (2002) to show that the discount rate may play an important role in explaining for the income-pollution pattern observed in the real world. Low levels of income involve high values of discount rate, that are obstacles to the adoption of a pollution...

In the last decade an increese in of alcoholic beverage consumption outside mealtimes has been observed all over Italy, especially amoung young people over a wide age-range. Although the Italian culinary tradition is closely related to the wine consumption, high levels of market penetration by...

<i> Le politiche di qualità nel comparto vitivinicolo in Spagna, il mercato dei VQPRD </i> (di Giuseppe Di Vita) - ABSTRACT: Spain, with France, Italy and Portugal was one of the first country to codify the modalities of quality wine productions, trough specific regulations. Nowadays the Spanish...

<i> Inferior Goods: A Note </i> (di Giuseppe Di Vita) - ABSTRACT: In this short note we reinforce the known result that in cases of two goods, under hypothesis considered, if one good is inferior the other should be superior, such that necessary goods are ruled out of our analysis.

In this paper we study the problem of exhaustible resources and renewable resources in a theoretical endogenous growth framework, under various assumptions. In particular, we consider the hypotheses that those two inputs are or are not technologically perfect substitutes of each other. Moreover,...