The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we...

We consider the long-lived slant towards Berlusconi in political information on Italian television (TV). We exploit a shock to the slanted exposure of viewers: idiosyncratic deadlines to switch to digital TV from 2008 to 2012, which increased the number of free view channels tenfold. The switch...

Can biased information persuade in the long run? Political information on Italian TV has been biased towards Berlusconi's party since 1994. We exploit a shock to viewers' exposure to Berlusconi bias: idiosyncratic deadlines to switch to digital TV from 2008 to 2012. Digital TV increased the...

This paper focuses on micro level marketing research to support the design and implementation of rural development programmes. Contemporary rural development efforts are directed primarily at promoting change so as to simultaneously affect the distribution and growth of income, employment,...

Seit Jahresbeginn wurde auf dem sächsischen und dem gesamten ostdeutschen Arbeitsmarkt die sozialversicherungspflichtige Beschäftigung weiter ausgebaut, während die geringfügige Beschäftigung zurückgefahren wurde. Auch die saisonbereinigte Zahl der freien Stellen ist erstmals seit...

This paper examines the asset-pricing implications of nominal rigidities. I find that firms that adjust their product prices infrequently earn a cross-sectional return premium of more than 4% per year. Merging confidential product price data at the firm level with stock returns, I document that...