Although the cultural importance of circus, the economics of culture has neglected to address this topic. Two main reasons for this: first, cultural economics has (wrongly) considered circus as a minor performing arts; secondly, the difficulty to collect quantitative information on circus. This...

Elda Pavan (1918-1998) began her profession as a weaver in San Martino di Lupari in the early 1940s. She learned the basics from Angela, a friend of Abbazia Pisani. When Elda married Gino Cecchele she set up a workshop all for herself and interrupted her collaboration with Angela. However, she...

After years of euphoric dissoluteness, art system faces today a state of uneasiness and insecurity, which is caused by acceptance of a compromise between autonomy of human creativity and economic materiality. As a result, its critic role get lost. Moreover, art system risks to become an alien...

Italian Abstract: Obiettivo del paper: Il presente contributo analizza le origini, le caratteristiche e gli effetti dello slittamento verso la creatività a cui si è assistito nelle politiche culturali a livello europeo nel corso degli ultimi vent'anni, al fine di comprenderne l'impatto sulla...

The hedge funds industry was partly blamed for the global financial crisis that started in 2007, especially in Europe. If one analyses the performance of hedge funds during this period, it becomes clear that the hedge fund industry did not necessarily fare well. Some funds gained, but many...

The Economic Value Added formally translates the theoretical notion of excess profit (also known as residual income). Its use is so firmly entrenched in applied corporate finance and management accounting that its name is often used as a noun for denoting the concept of excess profit itself....

This article takes its cue from the relevance of the framing effect in the field related to behavioural biases associated with economic decision-making. Most of the attempts made to measure financial literacy relies on surveys that include standardized questions about the knowledge of three or...

In capital budgeting, the internal rate of return (IRR) criterion and the net present value (NPV) criterion are considered incompatible in several cases. A longstanding debate developed in past years about the reliability of either method is still an issue of investigation (see, for example,...

MiFID regulation aims at protecting investors and promoting competition across securities markets in the European Union. The measurement of trade execution quality is crucial to achieve such goals. Traders will direct order flow towards more efficient venues only if compare trade execution...

Italian Abstract: Il lavoro analizza la dinamica e le caratteristiche delle obbligazioni bancarie detenute dalle famiglie italiane e presenta una stima del rendimento lordo a scadenza delle obbligazioni bancarie sottoscritte all'emissione. Dal 1950 la quota di tali attività nel portafoglio...