This paper discusses the calculation of compensated choice probabilities in random utility models. The methodology of Compensating Variation and Compensated Choice Probability was developed recently by Dagsvik and Karlström (2005). In this paper we demonstrate how one can apply this methodology...

In Italy large work career gender gaps currently ex ist, particularly regarding wages and activity rates. This paper investigates the issue looking at lifetime incomes, where from the one side all the career gaps are sum med up, from the other the redistribution acted by the pension system may...

The paper provides an interpretative framework and structured empirical evidence of the processes leading to the emergence of a light and slow growth economy in advanced countries. The interpret ative framework rests upon the grafting of a) the Schumpeterian hypothesis about the determinants of...

This paper explores the role of external knowledge and internal stocks of knowledge in the generation of new technological knowledge. It relies on the notion of recombination and brings together three concepts: the appreciation of current expenses in R&D activities; the analysis of the role of...

We investigate the demand pull effects on sector-level total factor productivity growth. Such effects stem from the knowledge interactions carried by the market transactions of intermediate inputs between competent customers and innovative suppliers. Both knowledge interactions and transactions...

Dynamic microsimulation modeling involves two stages: estimation and forecasting. Unobserved heterogeneity is often considered in estimation, but not in forecasting,beyond trivial cases. Non-trivial cases involve individuals that enter the simulation with a history of previous outcomes. We show...

Many microeconometric models of discrete labour supply include alternative-specific constants meant to account for (possibly besides other factors) the density or accessibility of particular types of jobs (e.g. part-time jobs vs. full-time jobs). The most common use of these models is the...

By using a simple model of patent settlement, in this paper we show that even if side payments (negative fixed fees) are banned, a licensing agreement to settle a patent dispute may harm consumers in comparison with the expected outcome of the lawsuit. This may occur when the challenger’s...

The introduction of harmful non-indigenous species is generally acknowledged to depend both on the propagule pressure imposed by openness to international trade and on the health of the receiving ecosystem. Bio-geographical factors however play a crucial role in determining the level of risk...