Many scholars of common pool resources discovered that institutions may solve the tragedy of the commons. I will address a particular situation of management of natural resources: that of a protected area. In this situation interests differ. Local rural inhabitants care about the quality of...

This work elaborates a dynamic version of the H-O model based upon the hypothesis that technological change is endogenous and biased towards the most intensive use of production factors that are locally most abundant in comparative terms. In the standard H-O model, the difference in the levels...

This article analyses the impact of mobility on researchers’ productivity. We address the relationship by developing a theoretical framework based on the job-matching approach for academics and the idea that productivity is driven by capital availability and peer effects. The empirical...

This paper aims to discuss fair value accounting and its usefulness to financial statement users. The European Commission has recently endorsed IFRS 13 on fair value measurement and is considering the endorsement of IFRS 9, which extends the use of fair value for financial instruments....

Countries, under the label of participatory conservation. This implies the direct involvement of the local communities in conservation. We develop an economic model to explain why participatory conservation has been “invented”, why in many situations it does not function, and why...

Third party punishment is crucial for sustaining cooperative behavior. Still, little is known about its determinants. In this paper we use laboratory experiments to investigate a long-conjectured interaction between group identication and bystanders' punishment preferences using a novel measure...

This paper contributes to the analysis of the persistence of firm productivity, here measured by the total factor productivity (TFP), and highlights its path dependent characteristics. The study contributes to the literature on persistence in productivity along four main lines. First, it...

Based on a theoretical model where state limits on local government policy elicit a move from private value (position issue) to common value (valence issue) voting, I exploit exogenous variation in tax limitation rules in over 7,000 Italian municipalities during the 2000s to show that fiscal...

In the last two decades, Albania went through a substantial reduction in infant mortality rates together with a widespread migration experience. In this paper we investigate whether migration has played any role in this decreasing trend of infant mortality in Albania by using the Albanian...