We investigate the role of cooperatives in the allocation of risk across agents that we call workers and holders of capital. We show that, despite the inalienability of human capital (no forced labor) and limited liability on the part of all agents, financial coalitions can implement Pareto...

Both relational and positional goods are based upon an idea of joint consumption - thought with opposite signs. In both cases, agents are not self-regarded, but their consumption choices are other-regarded. Moreover, relational good lies on identity of its consumers. It implies a certain degree...

I present the following proposal: information revealed during non-cartel investigations by competition law enforcement authorities, such as evaluation of M&As or investigation of monopolization (dominance) conduct, should be directly used to investigate and prosecute cartels. Currently, in...

Law and Economics (L&E) has grown considerably over the last twenty years and has become one of the most influential approaches in the analysis of legal issues; L&E has also become a very useful tool for economists in designing reforms and economic development programs, in which the role of...

Attribuendo una interpretazione alternativa, rispetto a quella offerta dalla letteratura economica, dei reticoli sociali nel mercato del lavoro, si intende mettere in luce il ruolo che la criminalità organizzata gioca su questo mercato. In tal caso il ricorso alla rete per fini occupazionali...

The situation where European regions will fall behind with regard to defined categories of clusters with relation to their equivalents on the scale of the world economy can become a significant factor in the low competitiveness of the regions in a global economy. This particularly refers to the...

This paper presents the problems related to the procedures for personal income tax payment as an element of implementation of the concept of friendly administration. In consideration of the opportunities presented by contemporary information technologies, facilitation of current administration...

Politics and economics are inextricably linked. Government establishes and enforces the rules of the game for the economy, thereby determining not only how much wealth is created, but also how wealth is distributed across society. The primary question of political economy is easily stated: for...

Patent trolls have many faces, since the media uses this expression in various ways. The patent troll phenomenon thus seems to be an ambiguous term that is discussed in several directions. This paper reveals that a patent troll as such has no distinct shape or appearance. Our analysis redeems a...

We exploit the Collective Clemency Bill passed by the Italian Parliament in July 2006 to evaluate the indirect effects of a policy that randomly commutes actual sentences to expected sentences for 40 percent of the Italian prison population. We estimate the direct and indirect impact of the...