Have labour market reforms at the turn of the millennium changed job durations of the new entrants? A comparative study for Germany and Italy [PDF]
According to the aims of the labour market reforms of the 90s implemented in many European countries, workers may stay at their first job for a shorter time, but should be able to switch jobs easily.
Claudia Villosio +2 more
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Voting in Corporate Boards with Heterogeneous Preferences [PDF]
We analyze the voting behavior of a board of directors that has to approve (or reject) an investment proposal with uncertain return. We consider three types of directors: insiders, who are biased toward acceptance of the project, independent outsiders ...
Annalisa Luporini +2 more
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Information revelation in procurement auctions with two-sided asymmetric information [PDF]
A buyer needs to procure a good from either of two potential suppliers offering differentiated products and with privately observed costs. The buyer privately observes the own valuations for the products and (ex ante) decides how much of this information
Domenico Menicucci, Nicola Doni
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Harvard meets the crisis: U.S. fiscal policy in the 1930s and the political economy of Lauchlin B. Currie, Jacob Viner, John H. Williams and Harry D. White [PDF]
The paper aims to describe the contribution of four Harvard economists to the interpretation of the Great Depression and the policy decision making from 1933 to 1938. Lauchlin B. Currie, Jacob Viner, John H. Williams, Harry D.
Michele Alacevich +2 more
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Dynamics in Non-Binding Procurement Auctions with Boundedly Rational Bidders [PDF]
We study a procurement auction recently analysed by Gal-Or et al. (2007). In this auction game the buyer ranks different bids on the basis of both the prices submitted and the quality of each bidder that is her private information.
Domenico Colucci +2 more
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Comparing Human Development Patterns Across Countries: Is it Possible to Reconcile Multidimensional Measures and Intuitive Appeal? [PDF]
The aims of this paper are two. The first is to to present a framework that facilitates the identification and analysis of human development patterns in terms of outcomes performance from a cross and time perspective.
Mario Biggeri, Vincenzo Mauro
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Market Equilibrium in the Presence of Green Consumers and Responsible Firms: a Comparative Statics Analysis [PDF]
This paper analyzes how the interaction between green consumers and responsible firms affects the market equilibrium. The main result is that a higher responsibility by both producers and consumers can have different impacts on the efficiency of the ...
Giorgio Ricchiuti, Nicola Doni
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'CHOOSER DEPENDANT' PREFERENCES, AND ATTITUDES de se [PDF]
Sen’s 'chooser dependence' of preferences generates issues of indexicality which, we claim, can in fact be reduced to a specification of the content of preferences within a standard approach, by means of Lewis’ theory of attitudes de se.
Vittorioemanuele Ferrante
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The Austrian School on Happiness and Relational Goods [PDF]
Austrian economists do not directly face the problem of the relationships between economics and happiness. They even rather rarely use the word happiness and do not bother to define the philosophical meaning of it referring to Aristotle or to the ...
Antonio Magliulo
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