CSEF Working Papers

From Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
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193: Access Price Cap Mechanisms and Industry Structure with Information Acquisition

Francesca Stroffolini

192: Delegation and R&D Spending: Evidence from Italy

Jakub Kastl, David Martimort and Salvatore Piccolo

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

Giovanni Cespa and Xavier Vives

190: Information Gathering, Disclosure and Contracting in Competitive Markets

Alberto Bennardo

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

Decio Coviello and Mario Mariniello

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

Dimitris Christelis and Dimitris Georgarakos

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

Ciro Avitabile, Tullio Jappelli and Mario Padula

186: Resale and Bundling in Auctions

Marco Pagnozzi

185: Slightly Altruistic Equilibria in Normal Form Games

Giuseppe De Marco and Jacqueline Morgan

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

Giovanni Pica and Sevi Rodríguez Mora

183: Households’ Saving and Debt in Italy

Tullio Jappelli and Mario Padula

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

Morten Ravn and Saverio Simonelli

181: How Does Liquidity Affect Government Bond Yields?

Carlo Favero, Marco Pagano and Ernst-Ludwig von Thadden

180: Households’ Portfolio Diversification

Tullio Jappelli, Christian Julliard and Marco Pagano

179: Discounting and Expropriation Risk

Giovanni Immordino and Mario Padula

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

Martin Brown, Tullio Jappelli and Marco Pagano

177: Advertising and Cost Reduction

Giovanni Immordino

176: Should Speculators Be Welcomed in Auctions?

Marco Pagnozzi

175: Employment Protection Legislation and Wages

Marco Leonardi and Giovanni Pica

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

Giovanni Cespa

173: Corporate Social Responsibility and Managerial Entrenchment

Giovanni Cespa and Giacinta Cestone

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

Ana Lamo, Julian Messina and Etienne Wasmer

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

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

170: Integration and Separation with Costly Demand Information

Elisabetta Iossa and Francesca Stroffolini

169: Are Disadvantaged Bidders Doomed in Ascending Auctions?

Marco Pagnozzi

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

Sergio Destefanis and Raquel Fonseca

167: Information Acquisition and Portfolio Performance

Luigi Guiso and Tullio Jappelli

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

Salvatore Capasso

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

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

164: Postponing Retirement: the Political Push of Aging

Vincenzo Galasso

163: Norm Flexibility and Private Initiative

Giovanni Immordino, Marco Pagano and Michele Polo

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

Raghu Suryanarayanan

161: A Model of Anticipated Regret and Endogenous Beliefs

Raghu Suryanarayanan

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

Salvatore Piccolo and David Martimort

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

Antonio Acconcia and Claudia Cantabene

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

Maria Chiuri and Tullio Jappelli

157: Cognitive Abilities and Portfolio Choice

Dimitris Christelis, Tullio Jappelli and Mario Padula

156: The Foregone Gains of Incomplete Portfolios

Monica Paiella

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

Charles Grant and Mario Padula

154: Endogenous Corruption and Tax Evasion in a Dynamic Model

Antonio Acconcia

153: Exclusive dealing, entry, and mergers

Chiara Fumagalli, Massimo Motta and Lars Persson

152: Buyers’ miscoordination, entry, and downstream competition

Chiara Fumagalli and Massimo Motta

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

Sergio Destefanis and Vania Sena

150: A Direct Test of the Buffer-Stock Model of Saving

Tullio Jappelli, Mario Padula and Luigi Pistaferri

149: Shareholder Protection, Stock Market Development, and Politics

Marco Pagano and Paolo Volpin

148: Competitive Pressure, Incentives and Managerial Rewards

Marcello D'Amato, Riccardo Martina and Salvatore Piccolo

147: Pension benefit default risk and welfare effects of funding regulation

Thomas Steinberger

146: Trade Credit, Collateral Liquidation and Borrowing Constraints

Daniela Fabbri and Anna Maria Menichini

145: Competitive Markets with Endogenous Health Risks

Alberto Bennardo and Salvatore Piccolo

144: Capital Markets Integration and Labor Market Institutions

Giovanni Pica