Institutions and Markets Papers

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2017-04-01
14:44
When a firm undertakes risky activities, the conflict between social and private incentives to implement safety care requires public intervention which can take the form [...]
2010-11 | Working or Discussion Paper |

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2017-04-01
14:42
As representatives of nation-states in global financial markets, sovereign wealth funds (SWFs) share a common form and many functions. Arguably their form and functions [...]
2010-11 | Working or Discussion Paper |

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2017-04-01
12:59
We study the effect of the fragmentation of intellectual property rights on optimal patent design. The major finding is that when several complementary innovative compone [...]
2010-11 | Working or Discussion Paper |

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2017-04-01
12:48
The paper studies the incentive for providers to invest in new health care technologies under alternative payment systems, when the patients' benefits are uncertain. If t [...]
2010-11 | Working or Discussion Paper |

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2017-04-01
14:57
We present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that investors seek, but modify two assumptions. First, i [...]
2010-11 | Working or Discussion Paper |

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2017-04-01
14:22
The increased interconnection among local and global players induced by globalization, as well as the need for a complete application of the “subsidiarity principle”, [...]
2010-10 | Working or Discussion Paper |

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2017-04-01
15:04
In the last decade, as many other European countries, the Italian Government adopted several reforms in order to increase the use of Renewable Energy Sources (RES). The l [...]
2010-10 | Working or Discussion Paper |

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2017-04-01
10:08
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through [...]
2010-08 | Working or Discussion Paper |

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2017-04-01
14:45
This paper analyses the relation between competition and concentration in the banking sector. The empirical answer is given by testing a monopolistic competition model of [...]
2010-08 | Working or Discussion Paper |

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2017-04-01
14:57
In this paper we describe the important features of executive compensation in the US from 1993 to 2006. Some confirm what has been found for earlier periods and some are [...]
2010-08 | Working or Discussion Paper |

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