The paper presents a first estimate of the size of the non-bank financial intermediation (NBFI) in Europe’s smallest member state as well as the regulatory implications for its monitoring. The assessment is based on the narrowing down approach introduced by the Financial Stability Board....

The aim of this study is to examine the role of institutional quality and its pillars on the cost efficiency of social services provided by local governments in Italy. To this end, a new advancement of panel cost stochastic frontier analysis is utilized to estimate how much institutional quality...

This study aims to offer a formal analysis which relates provision of cultural goods to the society's level of cultural capital. Such a level is assumed to already exist in society and is increasable thanks to individual support for the offer of cultural goods. The achievement of the highest...

Our experiment assesses the level of coordination on clinical best practice among physicians and investigates whether the release of guidelines helps in supporting coordination. Based on three clinical vignettes using current national guidelines, physicians evaluate the appropriateness of each...