In this paper we try to determine which policy implements fairness in the distribution of educational outcomes, in a framework in which skills arise from the combination of circumstances, effort and transfers, and determine individual utility. Our definition of fairness relies on two ethical...

This paper examines Jacob Viner’s contribution to the debate and the policy decision making concerning international monetary policy from the Great Depression to the Bretton Woods agreements. An outstanding member of the so called “early Chicago School of Political Economy”, Viner was...

We prove a sharp three sphere inequality for solutions to third order perturbations of a product of two second order elliptic operators with real coefficients. Then we derive various kinds of quantitative estimates of unique continuation for the anisotropic plate equation. Among these, we prove...

We consider a model with real assets and restricted participation described by household specific price dependent short selling constraints. We show existence of equilibria for all elements in an explicitly characterized large subset of the set of economies.

The clearest expressions of Marshallian external economies are found in the life and working of compact industrial districts. However Alfred Marshall did not limit their application to such types of places, nor to their territorial scale. This paper illustrates some important extensions found in...

Let $(S,\mathcal{B},\Gamma)$ and $(T,\mathcal{C},Q)$ be probability spaces, with $Q$ nonatomic, and $\mathcal{H}=\{H\in\mathcal{C}:Q(H)0\}$. In some economic models, the following conditional law of large numbers (LLN) is requested. There are a probability space $(\Omega,\mathcal{A},P)$ and a...

This paper reviews the decline in income inequality that has taken place over 2002-2007 in most Latin American countries against the background of its steady increase over 1980-2002. The paper analyzes then the factors that could explain this trend reversal. It focuses in particular on favorable...

Industrial districts growing in various industrialized countries and regions after the golden age of mass production, in the second half of the twentieth century, have shown a re-emergence of forces of local development. The success stories, in particular those more peculiar and consistent as...

In this paper we analyse both positive and negative aspects of an emerging civil economy’s district. We consider the problems that arise in two of the principal “third sector” economic activities (the non-profit enterprise and the co-op) and we highlight both advantages and rationality of...

The Italian Constitution recognizes the social function of co-operation, considering it worthy of public support. The co-operative movement is instead going through an identity crisis. The crisis stems from the difficulty to apply the text of the Constitution: what is at present the social...