CSEF Working Papers

From Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
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258: Contracts with Wishful Thinkers

Anna Maria Menichini, Giovanni Immordino and Maria Romano

257: Partnership, Reciprocity and Team Design

Giuseppe De Marco and Giovanni Immordino

256: Legal Institutions, Innovation and Growth

Luca Anderlini, Leonardo Felli, Giovanni Immordino and Alessandro Riboni

255: A Simple Theory of Predation

Chiara Fumagalli and Massimo Motta

254: Tax Evasion and Community Effects in Italy

Francesco Russo

253: Cocaine: The Complementarity Between Legal and Illegal Trade

Francesco Russo

252: Transaction Costs and the Asymmetric Price Impact of Block Trades

Alex Frino and Maria Romano

251: Vertical Separation with Private Contracts

Marco Pagnozzi and Salvatore Piccolo

250: A Note on Free Entry under Uncertainty: on the Role of Asymmetric Information

Salvatore Piccolo

249: Exclusive Territories and Manufacturers’ Collusion

Salvatore Piccolo and Markus Reisinger

248: Linear Cost Share Equilibria and the Veto Power of the Grand Coalition

Maria Graziano and Maria Romaniello

247: It’s wages, it’s hours, it’s the Italian wage curve

Sergio Destefanis and Giovanni Pica

246: The Effect of Birthright Citizenship on Parental Integration Outcomes

Ciro Avitabile, Irma Clots-Figueras and Paolo Masella

245: Fairness Properties of Constrained Market Equilibria

Chiara Donnini, Maria Graziano and Marialaura Pesce

244: Perks as Second Best Optimal Compensations

Alberto Bennardo, Pierre Chiappori and Joon Song

243: Do Transfer Taxes Reduce Intergenerational Transfers?

Tullio Jappelli, Mario Padula and Giovanni Pica

242: On Multicriteria Games with Uncountable Sets of Equilibria

Giuseppe De Marco and Jacqueline Morgan

241: Short-Selling Bans around the World: Evidence from the 2007-09 Crisis

Alessandro Beber and Marco Pagano

240: Nowcasting Euro Area Economic Activity in Real-Time: The Role of Confidence Indicators

Domenico Giannone, Lucrezia Reichlin and Saverio Simonelli

239: Credit Ratings Failures and Policy Options

Marco Pagano and Paolo Volpin

238: Economic Literacy: An International Comparison

Tullio Jappelli

237: The Consumption Response to Income Changes

Tullio Jappelli and Luigi Pistaferri

236: Smoking Persistence Across Countries: An Analysis Using Semi-Parametric Dynamic Panel Data Models with Selectivity

Dimitris Christelis and Anna Sanz-de-Galdeano

235: Kalai-Smorodinsky Bargaining Solution Equilibria

Giuseppe De Marco and Jacqueline Morgan

234: The Portfolio Effect of Pension Reforms

Renata Bottazzi, Tullio Jappelli and Mario Padula

233: International Comovements, Business Cycle and Inflation: a Historical Perspective

Haroon Mumtaz, Saverio Simonelli and Paolo Surico

232: Accomplice-Witnesses, Organized Crime and Corruption: Theory and Evidence from Italy

Antonio Acconcia, Giovanni Immordino, Salvatore Piccolo and Patrick Rey

231: The Effects of Monetary Policy on Unemployment Dynamics Under Model Uncertainty. Evidence from the US and the Euro Area

Carlo Altavilla and Matteo Ciccarelli

230: Stockholding: From Participation to Location and to Participation Spillovers

Dimitris Christelis, Dimitris Georgarakos and Michael Haliassos

229: Does Consumption Inequality Track Income Inequality in Italy?

Tullio Jappelli and Luigi Pistaferri

228: Firm Size Distribution and Returns to Scale. Non-Parametric Frontier Estimates from Italian Manufacturing

Lisa Crosato, Sergio Destefanis and Piero Ganugi

227: The Effect of Employment Protection Legislation and Financial Market Imperfections on Investment: Evidence from a Firm-Level Panel of EU countries

Federico Cingano, Marco Leonardi, Julian Messina and Giovanni Pica

226: The Age-Productivity Gradient: Evidence from a Sample of F1 Drivers

Fabrizio Castellucci and Giovanni Pica

225: Exclusive dealing, entry, and mergers

Chiara Fumagalli, Massimo Motta and Thomas Roende

224: Colluding through Suppliers

Salvatore Piccolo

223: Pension Risk, Retirement Saving and Insurance

Luigi Guiso, Tullio Jappelli and Mario Padula

222: Does Conditionality Matter for Adults' Health? Evidence from a Randomized Experiment

Ciro Avitabile

221: Advantageous Selection in the Private Hospital Insurance Market in Europe: Evidence on the Role of Education and Cognitive Ability

Ciro Avitabile

220: Incentives to Innovate and Social Harm: Laissez-Faire, Authorization or Penalties?

Giovanni Immordino, Marco Pagano and Michele Polo

219: Financial Advisors: A Case of Babysitters?

Andreas Hackethal, Michael Haliassos and Tullio Jappelli

218: "When Should Manufacturers Want Fair Trade?": New Insights from Asymmetric Information

Jakub Kastl, David Martimort and Salvatore Piccolo

217: The Deep-Pocket Effect of Internal Capital Markets

Xavier Boutin, Giacinta Cestone, Chiara Fumagalli, Giovanni Pica and Nicolas Serrano-Velarde

216: Political Intergenerational Risk Sharing

Marcello D'Amato and Vincenzo Galasso

215: Institutional Trades and Herd Behavior in Financial Markets

Maria Romano

214: Access Profit-Sharing Regulation with Information Transmission and Acquisition

Francesca Stroffolini

213: Household Economic Decisions under the Shadow of Terrorism

Dimitris Christelis and Dimitris Georgarakos

212: Financial Literacy and Portfolio Diversification

Luigi Guiso and Tullio Jappelli

211: Multiple-Bank Lending, Creditor Rights and Information Sharing

Alberto Bennardo, Marco Pagano and Salvatore Piccolo

210: Securitization, Transparency and Liquidity

Marco Pagano and Paolo Volpin

209: What Explains Fertility? Evidence from Italian Pension Reforms

Francesco Billari and Vincenzo Galasso