In this paper, we propose a novel policy-game model to analyze the simultaneous interaction between the government and the labour union in a unionized economy. Our model explains how the economic and political interaction between labour unions, concerning wages and strikes, and the government,...

The workers of the “creative industries” are paradigmatic subjects of the process of “work fragmentation” in the post-Fordist era. Cutting across any division between life and work, employment and unemployment, performing arts are, in many ways, a laboratory of job flexibility, where...

In Italy, internship has been added only recently to programs of study at universities. Notwithstanding its relevance in bringing university students closer to the world of work, internship does not easily succeed in its aims. Internship can be used inappropriately in many situations. Therefore,...

Relevant incoming immigration flows to Italy are novel for a country that has been source of emigrants for a long time. Immigrants are often discriminated against in housing, education, health and work. The perceptive aspect (how much immigrants actually feel discriminated) reveals the inner...

Our model wants to explain how overconfidence and over optimism lead entrepreneurs to overinvest in their companies, underestimating risks and overestimating expected returns. The entrepreneur has to choose which part of her wealth to invest in her private company and which one in the stock...

In this paper we present the current crisis of the Italian economy as a phase of a major systemic decline. The social political system has led to a framework that has violated the fundamentals of sustained economic growth. An unhealthy implicit contract between the social-political elites and...

Several investment decisions deal with non-marketable assets. Non-marketable assets are available only to one investor and are often indivisible. This has relevant consequences on investor investment opportunities. Adhering to a mean–variance representation of the investment space and...

Entrepreneurship and the creation of new businesses are two key drivers of economic growth and innovation of industries, regions and countries. The paper presents a model of entrepreneurial choice based on the modern portfolio theory. The model has been further developed to take account of the...