Working Papers

From University of Milano-Bicocca, Department of Economics
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297: Education and migration: empirical evidence from Ecuador

Chiara Falco

296: Money Management and Entrepreneurial Training in Microfinance: Impact on Beneficiaries and Institutions

Emanuele Rusinà, Lucia dalla Pellegrina, Giorgio Di Maio and Paolo Landoni

295: What kind of Welfare State do you prefer? An experiment on framing the social insurance scheme

Francesco Farina, Stefania Ottone and Ferrucio Ponzano

294: The Effect of Particularism on Corruption: Theory and Empirical Evidence

Valentina Rotondi and Luca Stanca

293: Nonparametric Estimates of Option Prices Using Superhedging

Gianluca Cassese

292: Forecasting in a DSGE Model with Banking Intermediation: Evidence from the US

Roberta Cardani, Alessia Paccagnini and Stefania Villa

291: FDI and Heterogeneous Performance of European Enterprises

Valeria Gattai and Giorgia Sali

290: Do The Right Thing. A comparison of politicians' incentives across constitutional systems

Michela Cella, Giovanna Iannantuoni and Elena Manzoni

289: Limited backward induction: foresight and behavior in sequential games

Marco Mantovani

288: Proportional Representation with Uncertainty

Francesco De Sinopoli, Giovanna Iannantuoni, Elena Manzoni and Carlos Pimienta

287: Joint Ventures and the Property Rights Theory of the Firm: a Review of the Literature

Valeria Gattai and Piergiovanna Natale

286: Estimating a DSGE model with Limited Asset Market Participation for the Euro Area

Alice Albonico, Alessia Paccagnini and Patrizio Tirelli

285: Whom are you talking with? An experiment on credibility and communication structure

Gilles Grandjean, Marco Mantovani, Ana Mauleon and Vincent Vannetelbosch

284: Limited Asset Market Participation and the Optimal Fiscal and Monetary Policies

Lorenzo Menna and Patrizio Tirelli

283: Fiscal Consolidations: Can We Reap the Gain and Escape the Pain?

Maria Ferrara and Patrizio Tirelli

282: Joint-stock companies dynamics, legal institutions and regional economic disparities in Italy (1858-1914)

PierAngelo Toninelli and Claudio Pavese

281: Addressing the unemployment-mortality conundrum: Non-linearity is the answer

Giorgio Bonamore, Fabrizio Carmignani and Emilio Colombo

280: Does it take two to tango? Improving cooperation between the IMF and the World Bank: theory and empirical evidence

Silvia Marchesi and Laura Sabani

279: Managerial compensation, regulation and risk in banks: theory and evidence from the financial crisis

Vittoria Cerasi and Tommaso Oliviero

278: Welfare Measures to Assess Urban Quality of Life

Francesco Andreoli and Alessandra Michelangeli

277: Option pricing in an imperfect world

Gianluca Cassese

276: Estimating sourcing premia with Italian regional data

Valeria Gattai and Valentina Trovato

275: The Equity Premium in a DSGE Model with Limited Asset Market Participation

Lorenzo Menna and Patrizio Tirelli

274: The Macroeconomic Determinants of the US Term-Structure during the Great Moderation

Alessia Paccagnini

273: Factor Vector Autoregressive Estimation of Heteroskedastic Persistent and Non Persistent Processes Subject to Structural Breaks

Claudio Morana

272: Political knowledge and attitudes toward (de)centralization in Europe

Floriana Cerniglia and Laura Pagani

271: The Effects of Environmental Risk on Consumption: an Empirical Analysis on the Mediterranean Countries

Donatella Baiardi, Matteo Manera and Mario Menegatti

270: Constitutional Rules and Efficient Policies

Michela Cella, Giovanna Iannantuoni and Elena Manzoni

269: Forecasting the oil-gasoline price relationship: should we care about the Rockets and the Feathers?

Andrea Bastianin, Marzio Galeotti and Matteo Manera

268: Real and financial interacting oscillators: a behavioral macro-model with animal spirits

Ahmad Naimzada and Marina Pireddu

267: Boundedly Rational Opinion Dynamics in Directed Social Networks: Theory and Experimental Evidence

Pietro Battiston and Luca Stanca

266: Social comparison and risk taking behavior

Astrid Gamba and Elena Manzoni

265: The cost of defaults: the impact of haircuts on economic growth

Silvia Marchesi and Valeria Prato

264: Insights on the global macro-finance interface: Structural sources of risk factors fluctuations and the cross-section of expected stock returns

Claudio Morana

263: The comeback of inflation as an optimal public finance tool

Giovanni Di Bartolomeo, Patrizio Tirelli and Nicola Acocella

262: Food Competition in World Markets: Some Evidence from a Panel Data Analysis of Top Exporting Countries

Donatella Baiardi, Carluccio Bianchi and Eleonora Lorenzini

261: Limited Asset Market Participation, Income Inequality and Macroeconomic Volatility

Giorgio Motta and Patrizio Tirelli

260: Optimal life-cycle portfolios for heterogeneous workers

Fabio Bagliano, Carolina Fugazza and Giovanna Nicodano

259: DGSE Model-Based Forecasting of Modeled and Non-Modeled Inflation Variables in South Africa

Rangan Gupta, Patrick Kanda, Mampho Modise and Alessia Paccagnini

258: Internationalization and Performance of Italian Enterprises

Valeria Gattai

257: Money Targeting, Heterogeneous Agents and Dynamic Instability

Giorgio Motta and Patrizio Tirelli

256: Measuring the Monetary Value of Social Relations: a Hedonic Approach

Emilio Colombo and Luca Stanca

255: Information transmission and ownership consolidation in aid programs

Axel Dreher and Silvia Marchesi

254: Dynamics in a nonlinear Keynesian good market model

Ahmad Naimzada and Marina Pireddu

253: Information transmission within federal fiscal architectures: Theory and evidence

Axel Dreher, Kai Gehring, Christos Kotsogiannis and Silvia Marchesi

252: An adaptive decisional mechanism leading to chaos

Ahmad Naimzada and Marina Pireddu

251: Taxpaying response of small firms to an increased probability of audit: some evidence from Italy

Carlo Fiorio, Stefano Iacus and Alessandro Santoro

250: Economic Incentives and Social Preferences: Causal Evidence of Non-Separability

Marco Faravelli and Luca Stanca

249: Is Tax Compliance a Social Norm? A Field Experiment

Pietro Battiston and Simona Gamba

248: The Dragon and the Elephant on the way to Italy

Valeria Gattai