In order to investigate the relationship between production and taxation we develop an agent-based model in which complex aggregate regularities emerge from the interaction among heterogeneous agents. We analyze the dynamics of financially fragile firms linked to a banking sector when a profit...

The economic literature shows how economic efficiency can be enhanced through the reduction of fiscal distortion. In this context, this paper assesses the overall neutrality of both theoretical and existing fiscal systems concerning capital income taxation. The newly adopted methodology is...

A few years after the introduction of the Amato and Dini laws, a renewed debate on reforming the Italian pension system and on modifying its structure and technical parameters is taking place. The present work simulates individual reactions to systemic changes, distinguishing among the different...

Using a large industrial panel, we show that the size distribution of Italian manufacturing firms can be well approximated by a two-parameter generalized Pareto distribution (GPD); the fitting is particularly good for medium-large companies. This evidence seems to hold using different proxies of...