CSEF Working Papers

From Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
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308: Regulating Prostitution: Theory and Evidence from Italy

Giovanni Immordino and Francesco Flaviano Russo

307: Monetary Policy and Stock-Price Dynamics in a DSGE Framework

Salvatore Nisticò

306: Who Contributes? A Strategic Approach to a European Immigration Policy

Giuseppe Russo and Luigi Senatore

305: Citizenship, Fertility and Parental Investment

Ciro Avitabile, Irma Clots-Figueras and Paolo Masella

304: Optimal Accomplice-Witnesses Regulation under Asymmetric Information

Salvatore Piccolo and Giovanni Immordino

303: On Fairness of Equilibria in Economies with Differential Information

Achille Basile, Maria Graziano and Marialaura Pesce

302: A Note on Contribution Games with Loss Functions

Giuseppe Russo and Luigi Senatore

301: Optimality Conditions for Semivectorial Bilevel Convex Optimal Control Problems

Henry Bonnel and Jacqueline Morgan

300: Occupational Mobility and Wealth Evolution in a Simple Model of Educational Investment with Credit Market Imperfections

Marcello D'Amato and Christian Di Pietro

299: A Limit Theorem for Equilibria under Ambiguous Beliefs Correspondences

Giuseppe De Marco and Maria Romaniello

298: Financial Development and the Underground Economy

Salvatore Capasso and Tullio Jappelli

297: The Certification Role of Listings

Sarah Draus

296: Does Inter-Market Competition Lead to Less Regulation?

Sarah Draus

295: IPO Underpricing and the Location of Firms

Antonio Acconcia, Alfredo Del Monte, Luca Pennacchio and Germana Scepi

294: Managerial Compensations and Information Sharing under Moral Hazard: Is Transparency Good?

Salvatore Piccolo and Emanuele Tarantino

293: Asymmetric Effects of National-based Active Labour Market Policies

Carlo Altavilla and Floro Caroleo

292: Are Asymmetrically Informed Agents Envious?

Marialaura Pesce

291: A Note on the Value of Residual Claimancy with Competing Vertical Hierarchies

Riccardo Martina and Salvatore Piccolo

290: Risk and Regulation: The Efficiency of Italian Cooperative Banks

Cristian Barra, Sergio Destefanis and Giuseppe Lubrano Lavadera

289: Voting over Selective Immigration Policies with Immigration Aversion

Giuseppe Russo

288: Transparency and Product Differentiation with Competing Vertical Hierarchies

Matteo Bassi, Marco Pagnozzi and Salvatore Piccolo

287: Hysteresis Bands and Transaction Costs

Francisco Delgado, Bernard Dumas and Giovanni Puopolo

286: The Dynamics of Tobin’s q

Giovanni Puopolo

285: Early Life Conditions and Financial Risk–Taking in Older Age

Dimitris Christelis, Loretti Dobrescu and Alberto Motta

284: Learning from Prices, Liquidity Spillovers, and Market Segmentation

Giovanni Cespa and Thierry Focault

283: Finance and Employment

Marco Pagano and Giovanni Pica

282: The Role of Intuition and Reasoning in Driving Aversion to Risk and Ambiguity

Jeffrey Butler, Luigi Guiso and Tullio Jappelli

281: Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment

Antonio Acconcia, Giancarlo Corsetti and Saverio Simonelli

280: Parents, Television and Cultural Change

Esther Hauk and Giovanni Immordino

279: Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession

Dimitris Christelis, Dimitris Georgarakos and Tullio Jappelli

278: Imputation of Missing Data in Waves 1 and 2 of SHARE

Dimitris Christelis

277: Expected Bequests and Current Wealth of Older Households

Dimitris Christelis and Guglielmo Weber

276: Higher Order Expectations, Illiquidity, and Short-term Trading

Giovanni Cespa and Xavier Vives

275: Global emission ceiling versus international cap and trade: What is the most efficient system when countries act non-cooperatively?

Jacqueline Morgan and Fabien Prieur

274: Monetary Policy Analysis in Real-Time. Vintage combination from a real-time dataset

Carlo Altavilla and Matteo Ciccarelli

273: Communicating Vertical Hierarchies: the Adverse Selection Case

Salvatore Piccolo

272: Investment in Financial Literacy and Saving Decisions

Tullio Jappelli and Mario Padula

271: Spillover Effects in Healthcare Programs: Evidence on Social Norms and Information Sharing

Ciro Avitabile

270: Indirect Effects of a Policy Altering Criminal Behaviour: Evidence from the Italian Prison Experiment

Francesco Drago and Roberto Galbiati

269: Altruistic Behavior and Correlated Equilibrium Selection

Giuseppe De Marco and Jacqueline Morgan

268: Approximations of Quasi-Variational Problems Including Social Nash Equilibria in Abstract Economies

M. Beatrice Lignola and Jacqueline Morgan

267: Addiction and The Role of Commitment Devices

Matteo Bassi

266: Mirrlees meets Laibson: Optimal Income Taxation with Bounded Rationality

Matteo Bassi

265: Who Pays for it? The Heterogeneous Wage Effects of Employment Protection Legislation

Marco Leonardi and Giovanni Pica

264: More Jobs? A Panel Analysis of the Lisbon Strategy

Sergio Destefanis and Giuseppe Mastromatteo

263: Stable Sets and Public Projects

Maria Graziano and Maria Romaniello

262: A Simple Impossibility Result in Behavioral Contract Theory

Anna Maria Menichini, Giovanni Immordino and Maria Romano

261: Mixed Markets with Public Goods

Achille Basile, Maria Graziano and Marialaura Pesce

260: Aggregate Employment Dynamics and (Partial) Labour Market Reforms

Rebeca Jiménez-Rodríguez and Giuseppe Russo

259: Survey Instruments and the Reports of Consumption Expenditures: Evidence from the Consumer Expenditure Surveys

Erich Battistin and Mario Padula