Based on a sample of banks from eleven European countries over the period 2001-2010, this paper examines the stability of cooperative banks in comparison with other business models, as well as the specific role played by cooperative banks in determining banking soundness. Our findings show that...

Previous research has demonstrated that consumers' decisions regarding supplementary pensions could be affected by biases. Bernatzi and Thaler's experiment demonstrated that menu design can influence pension fund enrollment decisions, in that participants appear to adopt a na\"ive heuristic,...

Previous researches have demonstrated that consumer decisions could be affected by some biases in the supplementary pension field. Decisionmaking is very often not guided by rationality, and in many cases, if forced to choose, people will decide not to decide, passively accepting the decisions...

<title>Abstract</title> The article analyses the reform of water and sanitation services in Italy, which was introduced in 1994 and is still not fully implemented in many important respects. The introduction of a purchaser--provider split as envisaged in the national reform has had to come to terms with local...

What has been the impact of programmes for the corporate reorganization of the Italian public sector? The aim of this essay is to describe how a globalizing institutional change such as an administrative reform opens up broad spaces for the development of locally determined organizational...