In this paper we propose a model of bounded rational organizations that addresses the role of organizational capabilities in shaping firm size, growth rates and profitability. Our approach aims at reconciling the logic behind stochastic models of firm growth with the notion of organizational...

Empirical literature findings do not provide a clear-cut interpretation of the effects of public aid on firms’ performances. We contribute to this literature analysing the effects of public regional subsidies on investment using a new dataset covering all the firms in the Italian province of...

This paper addresses a debated issue in the economics innovation literature, namely the existence of increasing return to R&D expenditures and sirm size on innovation output. It further explores how structural characteristics of the sirm as well as contextual factors affect the dynamics of...

Applied research on growth and innovation seems to suggest that successful innovations do not significantly enhance firm growth. This paper tests the hypothesis that the level of observation at which applied research is typically conducted hampers identification of a significant association...

Nel pensiero di alcuni economisti classici (Smith, Babbage, Marx e Marshall) si rinviene l'origine di due tradizioni interpretative dell'impresa capitalistica, intesa come istituzione in grado di gestire la divisione del lavoro. La prima è connessa all'idea di indivisibilità dei fattori e di...

L'articolo pone a confronto il modello di sviluppo del Trentino Alto Adige con quello generale del Nord-Est cercando di isolarne le determinanti specifiche in modo da valutare la sostenibilità nel tempo del modello di sviluppo seguito dalla regione alpina. A tal fine vengono analizzate in...

This paper suggests a class of stochastic collective learning processes exhibiting very irregular behavior. In particular, there are multimodal long run distributions. Some of these modes may vanish as the population size increases. This may be thought of as "bubbles" persistent for a finite...

In this paper we make use of a particular technique of data analysis to empirically study the effect of joint attributes presentation in a multi-step process of choice, in which consumers first use a simple method for shortlisting, then proceed with a closer inspection of a restrict number of...

In this paper we interpreted the decision to vote for a particular party as a process of delegation to decision makers having a simplified system of preferences. Each person in a population votes for the political party that place priority on one or more issues that they consider important....

In this work we present a critical assessment of some problems and open questions on the debated notion of modularity. Modularity is greatly in fashion nowadays, being often proposed as the new approach to complex artefact production that enables to combine fast innovation pace, enhanced product...