I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing offshoring activity increases competition in the...

Romania, like most European countries in recent years, is faced with a worrying demographic phenomenon of population aging with multiple consequences of demographic, social, cultural, economic, political nature etc. The main factors that caused this situation were: declining birth rates, rising...

There is widespread concern that major cities and their inhabitants are highly vulnerable to transit strikes. Governments in many countries have addressed this concern by limiting the right of transit workers to strike. Whether or not this can be justified depends, in turn, on whether strikes by...

We investigate a moral hazard model with a one-sided commitment problem. That is, after effort provision, the agent is free to either stay with the principal or to leave and pursue his (ex-post) outside option, the value of which is increasing in effort. Depending on parameters, optimal...

A whistleblower decides to reveal wrongdoings, having in mind the identity and labour legal protection and the corresponding legal praxis, either using the public or anonimous reporting. Confidentiality is based on rules that whistleblowers personal data are available to authorised subjects...

We present a dynamic occupational choice model with a learning algorithm simultaneously capable to explain entrepreneurial entry, exit, and survival. According to our model, those individuals decide to become entrepreneurs who expect their productivity to be highest when managed by themselves....

The paper develops a simple theoretical model of inventory control in global value chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a value chain is profitable when demand volatility is high. It also provides...

This paper is a first attempt to analyse the relationship between spatial agglomeration and firms’ organizational structures. It takes advantage of a large data set on Italian business groups that allowed us to analyse the differences in the presence and characteristics of business groups...