Many problems from the area of economics and finance can be described using dynamical models. For them, in which time is the only independent variable and for which we work in a continuous framework, these models take the form of deterministic differential equations (DEs). We may study these...

We consider a problem of estimation for the telegrapher’s processon the line, say X(t), driven by a Poisson process with non constantrate. It turns out that the finite-dimensional law of the process X(t)is a solution to the telegraph equation with non constant coefficients.We give the explicit...

This work is focused on Artificial Intelligence and the complex discussion about the possibilities of creating a machine thinking as man does.Through this analysis, it emerges that the chances of success of IA program change according to the different theories about mind which were faced in the...

This paper presents a synthesis of the main theoretical and empirical contributions that analyse production choices of farm households living and operating in developing countries. The review is particularly concerned with recent micro-economic contributions that highlight the trade-off farm...

Over-indebtedness is a multi-faced phenomenon with social, economic, legal and political aspects. In our study we present an analysis of the literature on over-indebtedness. In particular, we look at all surveys which refer to over-indebtedness or financial difficulties of households with the...

This paper considers the impact of the Constitutional Court on legislative output in Italy.Following Tsebelis' (2002) veto players model and the stylised facts as regards the Italian Constitutional Court's activity, this paper presents a multi-stage game in the spirit of Gely and Spiller (1990)....

In the current debate on the relationship between inequality in income distribution and growth one of the possible link works through the access to education. After reviewing this debate, a formal model shows how the imperfection of financial markets makes educational choices dependent on the...

Both theoretical and applied research have benne devoting much attention to the fact that large and growing shares of international trade floes among industrialized countries consist of intermediate goods. The new configuration of the productive structure underlying such phenomenon has been...

In this paper we use new statistics on Foreign Direct Investments (FDI) in Transitional Economies (TEs) to analyze the issue of foreign ownership in the banking sector, examining the implications for the host banking sector. After considering the potential benefits and risks associated with...