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Risk allocation and incentives for private contractors: an analysis of Italian project financing contracts

Cori, Rosalba; Giorgiantonio, Cristina; Paradisi, Ilaria - Banca d'Italia - 2010

Based on the economic literature and international comparison, the paper examines the adequacy of the terms of Italian project financing contracts to build and operate public works, and identifies potential areas for improvement. We analyze the main contractual content of the public works...

Persistent link: https://www.econbiz.de/10008764022

Financial contracting and misreporting with limited enforcement, firm financing and growth

Adama, Adams Sorekuong Yakubu - In: Cogent Economics & Finance 8 (2020) 1, pp. 1-24

This article employs a dynamic stochastic general equilibrium framework to examine asymmetric information and limited contract enforcement in financial markets, where firms have access to both internal and external sources of finance. It considers limited enforcement of financial contract in the...

Persistent link: https://www.econbiz.de/10012657568

Financial contracting and misreporting with limited enforcement, firm financing and growth

Adama, Adams Sorekuong Yakubu - In: Cogent economics & finance 8 (2020) 1, pp. 1-24

Persistent link: https://www.econbiz.de/10012219504

The Volatility of Survey Measures of Culture and Its Consequences

Zanella, Giulio; Bellani, Marina M. - 2019

Common measures of cultural attitudes, such as those constructed from the World Values Survey, are characterized by substantial within-country volatility. This volatility is at odds with the notion of culture adopted in economics: a set of slow-moving traits that determine preferences and...

Persistent link: https://www.econbiz.de/10012179923

Liberalization with Endogenous Institutions: A Comparative Analysis of Agricultural Reform in Africa, Asia, and Europe

Swinnen, Johan F. M.; Vandeplas, Anneleen; Maertens, Miet - 2009

Thirty years ago, a vast share of the poor and middle income countries were heavily state-controlled. The effects of the liberalizations in the 1980s and 1990s differed strongly between regions in Africa, Asia and Europe. This paper first documents these differences in refirm effects in a...

Persistent link: https://www.econbiz.de/10010313308

The volatility of survey measures of culture and its consequences

Zanella, Giulio; Bellani, Marina M. - 2019

Persistent link: https://www.econbiz.de/10012130251

Liberalization with Endogenous Institutions: A Comparative Analysis of Agricultural Reform in Africa, Asia, and Europe

Swinnen, Johan F.M.; Vandeplas, Anneleen; Maertens, Miet - LICOS Centre for Institutions and Economic Performance, … - 2009

Persistent link: https://www.econbiz.de/10005163400

The Problem of Southern Italy: From the Lack of Capital to Illegal Intermediation

Monte, Alfredo Del - In: QA - Rivista dell'Associazione Rossi-Doria (2010) 2

Economic thought on the Mezzogiorno has radically changed in the last sixty years. Initially capital accumulation was considered the main problem of Southern Italy, and therefore policies to use resources from richer regions in the poorer ones were recommended. In more recent years the main...

Persistent link: https://www.econbiz.de/10008486376

Understanding Regulatory Innovation : The Political Economy of Removing Old Regulations Before Adding New Ones

Hahn, Robert W. - 2017

During the last decade, governments have shown increasing interest in curbing the growth of regulation by requiring … that one or more regulations be removed before a new regulation can be added. We provide a comprehensive review of this … is that the costs associated with the new regulation be less than the costs associated with the regulations being removed …

Persistent link: https://www.econbiz.de/10012949482

Freedom of Contract in an Augmented Reality : The Case of Consumer Contracts

Peppet, Scott R. - 2011

This Article argues that freedom of contract will take on different meaning in a world in which ubiquitous information about places, goods, people, firms and contract terms is available to contracting parties anywhere, any time. In particular, our increasingly “augmented reality” calls into...

Persistent link: https://www.econbiz.de/10013121045