This paper provides original evidence about Chinese and Indian Outward Direct Investment in Italy. Firm-level data have been collected through survey interviews involving the whole population of Dragon and Elephant multinationals. With a response rate of 80%, we draw a detailed profile of the...

We develop a model with intra-generational consumption externalities, based on the overlapping generation version of Diamond (1965) model. More specifically, we consider a two-period lived overlapping generation economy, assuming that the utility of each consumer depends also on the average...

Most Microfinance institutions (MFIs) worldwide focus their efforts in relieving the poor from financial constraints through micro-loans. This research focuses on integrating a money management and entrepreneurial training plan to a lending program in a non-profit MFI in Kolkata, India. The...

This paper investigates the role played by the cultural norms of particularism and universalism for collusive bribery. In our theoretical framework, the act of proposing or demanding a bribe violates a commonly held social norm, thus producing a psychological cost. By lowering this psychological...

A real-effort experiment is conducted in order to detect preferences for one of three different models of Welfare State characterized by different schemes of tax-and-transfers. Experimental subjects have to choose (both under and without veil of ignorance concerning their position in the society...

This study examines how the educational level attained by individuals affects their migration propensity. Using an original 2006 Ecuadorian survey, which gathered information on household members who were not in the country at the time of the survey (i.e., emigrants), we implement a Regression...

Information on economic policy uncertainty (EPU) does matter in predicting oil returns especially when accounting for omitted nonlinearities in the relationship between these two variables via a time-varying coe¢ cient approach. In this work, we compare the forecastability of standard, Bayesian...

In this paper we investigate the role of reciprocity in sustaining the emergence of implicit collusive agreements in hierarchical organizations. We conduct a laboratory experiment in which an agent hires, on behalf of the principal, one worker out of two candidates. The two candidates differ in...

Firms’ survival and longevity have recently emerged as a new intriguing theme of business history, spreading from the initial studies on family business to all forms of business. In family business the transition to the next generation can represent a strong limit to survival, as it depends on...

The article retraces the steps which marked the transformation of Sesto San Giovanni from a small agricultural centre in the vicinity of a great city such as Milan, to becoming one of the principal centres of Italian industry. Two preliminary questions, of notable importance, have been dealt...