In this paper we analyse unique data on credit applications received by the leading provider of consumer credit in Italy (Findomestic). The data set covers a five-year period (1995-1999) during which the consumer credit market rapidly expanded in Italy and a new law (the usury law) came into...

In this paper we ask what is the length of working life in Europe, whether it differs by gender, birth cohort, and schooling level, and what are the main differences across countries. We also ask whether there is a trend towards shorter working lives, and to what extent it is due to the delayed...

The paper analyzes the effects of different equity principles on the decision of developing countries to join a world coalition whose aim is to control greenhouse gas emissions. A game-theoretic framework is proposed to assess the incentives for different countries to sign an international...

This paper deals with Science and Technology in research policy. Following recent literature on the economics of knowledge, Science and Technology are defined as distinct institutional arrangements, broadly corresponding to nonmarket and market allocation mechanisms. Previous analyses argued...