In this paper we describe the hypothesis of effort-based career opportunities as a situation in which profit maximizing firms create incentives for employees to work longer hours than the bargained ones, by making career prospects dependent on working hours. When effort-based career...

This paper studies the structural and the relational dynamics characterizing the development process of a local supply chain specializing on the production of packaging machines. The focus is on two major aspects. The first is intermediation and trust management between a local and a global...

The principal aim of this paper is to demonstrate that transaction cost analysis could be useful integrate in a more advanced perspective of dynamic capabilities. We think to answer to an old classic coasian’s problem of existence of the firm as an entity separated by market and moreover to...

Greenwald and Stiglitz (1993) show that firms' capital structure (equity vs. debt) may strongly affect aggregate output and employ-ment as a consequence of undiversifiable bankruptcy costs. This paper extends the framework by analysing the macroeconomic effects of share price fluctuations which...

Smoothing methods, extensively used for solving mathematical programming problems and applications, are applied in this paper to approximate some optimization problems arising in the theory of generalized support vector machines. A nonlinear model, which generalizes some previous works, is...

A fundamental question about the determinants of civil conflict is the relative importanceof political freedoms versus economic development. This paper takes a new approach toprovide an answer by using micro-data based on surveys of revolutionary tastes of130,000 people living in 61 nations...

The governance of tax policy is one of the key issues that must be resolved by the new Constitution. Taxation is an area in which the tension between subsidiarity and coordination is acute. This paper reviews recent Union policy alongside an analysis of the underlying economic issues. The...

By using simulation-based inequality decomposition methods, this paper analyses the peculiar trend of household equivalent income inequality in Italy between 1977 and 2004 providing a unifying framework for analysing changes of income factor distributions at the individual level, income...

Growing inflows of FDI and the increasing integration of domestic firms into International Production Networks (IPNs) set up by EU-15 principals have yielded a rise in trade in parts and components for Central Eastern European Countries (CEECs). As a consequence, new patterns of localisation of...

The idea of influence function is recent (Hampel, 1974) but nowadays it is a well established statistical tool and it is crucial for the important role in robustness and stability analysis (Hampel, Ronchetti, Rousseeuw and Stahel, 1986). In this paper we introduce a generalized definition of the...