CSEF Working Papers

from Centre for Studies in Economics and Finance (CSEF), University of Salerno, Italy
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2008: Multiple-Bank Lending, Creditor Rights and Information Sharing

Alberto Bennardo, Marco Pagano and Salvatore Piccolo

2008: Two is Company, N is a Crowd? Merchant Guilds and Social Capital

Roberta Dessì and Salvatore Piccolo

2008: Securitization, Transparency and Liquidity

Marco Pagano and Paolo Volpin

2008: What Explains Fertility? Evidence from Italian Pension Reforms

Francesco C. Billari and Vincenzo Galasso (Marco Pagano and Tullio Jappelli)

2008: Households’ Indebtedness and Financial Fragility

Tullio Jappelli, Marco Pagano and Marco di Maggio

2008: The Impact of Banking Development on the Size of the Shadow Economy

Niloy Bose, Salvatore Capasso and Martin Wurm

2008: I Will Survive: Capital Taxation, Voter Turnout and Time Inconsistency

Matteo Bassi

2008: An Egg Today and a Chicken Tomorrow: A Model of Social Security with Quasi-Hyperbolic Discounting

Matteo Bassi

2008: Inheritance Law and Investment in Family Firms

Andrew Ellul, Marco Pagano and Fausto PAnunzi

2008: Corporate Fraud, Governance and Auditing

Giovanni Immordino and Marco Pagano

2008: Judicial Errors and Innovative Activity

Giovanni Immordino and Michele Polo

2008: The Strategic and Social Power of Signal Acquisition

Anna Maria C. Menichini and Peter Simmons

2008: Financial Integration and Consumption Smoothing

Tullio Jappelli and Luigi Pistaferri

2008: An Approximate Consumption Function

Mario Padula

2008: Financial Market Integration Under EMU

Tullio Jappelli and Marco Pagano

2008: Screening Tests, Information, and the Health-Education Gradient

Ciro Avitabile, Tullio Jappelli and Mario Padula

2008: Externalities, Consumption Constraints and Regular Economies

Jean-Marc BONNISSEAU and Elena Laureana del Mercato

2008: Economic Integration and Mature Portfolios

Dimitris Christelis, Dimitris Georgarakos and Michael Haliassos

2008: Does Publicity Affect Competition? Evidence from Discontinuities in Public Procurement Auctions

Decio Coviello and Mario Mariniello

2008: Access Price Cap Mechanisms and Industry Structure with Information Acquisition

Francesca Stroffolini

2008: Delegation and R&D Incentives: Theory and Evidence from Italy

Jakub Kastl, David Martimort and Salvatore Piccolo

2008: Dynamic Trading and Asset Prices: Keynes vs. Hayek

Giovanni Cespa and Xavier Vives

2008: Information Gathering, Disclosure and Contracting in Competitive Markets

Alberto Bennardo

2008: Investing at Home and Abroad: Different Costs, Different People?

Dimitris Christelis and Dimitris Georgarakos

2007: Resale and Bundling in Auctions

Marco Pagnozzi

2007: Slightly Altruistic Equilibria in Normal Form Games

Giuseppe De Marco and Jacqueline Morgan

2007: Who’s Afraid of a Globalized World? Foreign Direct Investments, Local Knowledge and Allocation of Talents

Giovanni Pica and Sevi Rodríguez Mora

2007: Households’ Saving and Debt in Italy

Tullio Jappelli and Mario Padula

2007: Labor Market Dynamics and the Business Cycle: Structural Evidence for the United States

Morten Ravn and Saverio Simonelli

2007: How Does Liquidity Affect Government Bond Yields?

Carlo Favero, Marco Pagano and Ernst-Ludwig von Thadden

2007: Households’ Portfolio Diversification

Tullio Jappelli, Christian Julliard and Marco Pagano

2007: Social Networks: Equilibrium Selection and Friendliness

Giuseppe De Marco and Jacqueline Morgan

2007: Discounting and Expropriation Risk

Giovanni Immordino and Mario Padula

2007: Information Sharing and Credit: Firm-Level Evidence from Transition Countries

Martin Brown, Tullio Jappelli and Marco Pagano

2007: Advertising and Cost Reduction

Giovanni Immordino

2007: Optimal Regulation of Auditing

Giovanni Immordino and Marco Pagano

2007: Should Speculators Be Welcomed in Auctions?

Marco Pagnozzi

2007: Employment Protection Legislation and Wages

Marco Leonardi and Giovanni Pica

2007: Information Sales and Insider Trading with Long-lived Information

Giovanni Cespa

2007: Corporate Social Responsibility and Managerial Entrenchment

Giovanni Cespa and Giacinta Cestone

2007: Are Specific Skills an Obstacle to Labor Market Adjustment? Theory and an Application to the EU Enlargement

Ana Lamo, Julian Messina and Etienne Wasmer

2007: How Wages Change: Micro Evidence from the International Wage Flexibility Project

William Dickens, Lorenz Goette, Erica Lynn Groshen, Steinar Holden, Julian Messina, Mark Schweitzer, Jarkko Turunen and Melanie Ward

2007: Integration and Separation with Costly Demand Information

Elisabetta Iossa and Francesca Stroffolini

2006: The Strategic Value of Incomplete Contracting in a Competing Hierarchies Environment

Salvatore Piccolo and David Martimort

2006: Are Disadvantaged Bidders Doomed in Ascending Auctions?

Marco Pagnozzi

2006: Norm Flexibility and Private Initiative

Giovanni Immordino, Marco Pagano and Michele Polo

2006: Endogenous Corruption and Tax Evasion in a Dynamic Model

Antonio Acconcia

2006: Labour-Market Reforms and the Beveridge Curve. Some Macro Evidence for Italy

Sergio Destefanis and Raquel Fonseca

2006: Information Acquisition and Portfolio Performance

Luigi Guiso and Tullio Jappelli

2006: Stock Market Development and Economic Growth: A Matter of Information Dynamics

Salvatore Capasso

2006: Early Retirement and Social Security: A Long Term Perspective

J. Ignacio Conde-Ruiz, Vincenzo Galasso and Paola Profeta

2006: Postponing Retirement: the Political Push of Aging

Vincenzo Galasso

2006: Implications of Anticipated Regret and Endogenous Beliefs for Equilibrium Asset Prices: A Theoretical Framework

Raghu Suryanarayanan

2006: A Model of Anticipated Regret and Endogenous Beliefs

Raghu Suryanarayanan

2006: Revisiting the one type permanent shocks hypothesis: Aggregate fluctuations in a multi-sector economy

Antonio Acconcia and Saverio Simonelli

2006: Endogenous Managerial Contract

Marcello D'Amato, Riccardo Martina and Salvatore Piccolo

2006: A Big Push to Deter Corruption: Evidence from Italy

Antonio Acconcia and Claudia Cantabene

2006: Vertical Restraints under Asymmetric Information: On the Role of Participation Constraints

Antonio Acconcia, Riccardo Martina and Salvatore Piccolo

2006: Do the elderly reduce housing equity? An international comparison

Maria Concetta Chiuri and Tullio Jappelli

2006: Cognitive Abilities and Portfolio Choice

Dimitris Christelis, Tullio Jappelli and Mario Padula

2006: Where is the Market? Evidence from Cross-Listings in the U.S

Michael Halling, Marco Pagano, Otto Randl and Josef Zechner

2006: In kind finance, collateral and cheap trade credit

Daniela Fabbri and Anna Maria C. Menichini

2006: The Foregone Gains of Incomplete Portfolios

Monica Paiella

2006: Informal Credit Markets, Judicial Costs and Consumer Credit: Evidence from Firm Level Data

Charles Grant and Mario Padula

2006: Third parties as an incentive to comply

Anna Maria C. Menichini

2006: Exclusive dealing, entry, and mergers

Chiara Fumagalli, Massimo Motta and Lars Persson

2006: Buyers’ miscoordination, entry, and downstream competition

Chiara Fumagalli and Massimo Motta

2006: Health, Capabilities and Functionings: An Empirical Analysis for the UK

Sergio Destefanis and Vania Sena