In this paper, we quantify the extent and identify some major determinants of lying in politics. We focus on public claims made by US national politicians between 2007 and 2012 and present a series of intriguing results. While politicians – and prominent ones in particular – are reluctant to...

We study the determinants of redistribution at the municipal level in the context of public childcare in Italy. Within a substantially homogeneous legislative framework, different municipalities autonomously define how participation fees vary with a compound indicator of income and wealth...

We show the existence of a diffusion process of military dictatorships in Sub-Saharan Africa from 1972 through 2007, using panel data probit estimation and a Markov chain transition model. This process is shortly-lived, since we observe an overall trend that reduces the number of military...

In questo articolo si analizza il dibattito sul Mezzogiorno che ha animato le pagine della rivista La Riforma Sociale. Il periodico ospita una pluralità di opinioni ma prevalentemente promuove una politica di libero scambio, in chiave socialista con la direzione di Francesco Saverio Nitti e in...

In the present work we investigate how the state of credit markets non-linearly affects the impact of fiscal policies. We estimate a Threshold Vector Autoregression (TVAR) model on U.S quarterly data for the period 1984-2010. We employ the spread between BAA-rated corporate bond yield and...

Dopo aver introdotto denominazione, principi base, evoluzione degli investimenti sostenibili e responsabili, il lavoro cerca di fare sintesi della loro classificazione e crescita nel mercato mondiale ed europeo in questi ultimi anni. L’analisi si incentra, poi, sul confronto fra l’andamento...

We experimentally investigate cooperation within a finitely repeated public goods game framework where peer punishment is possible but, unlike previous work, in each round access to sanctioning power is exclusively awarded to the group’s top contributor. We compare this mechanism with a...

Climate change scenarios predict an increase of extreme rain events, which will increase the risk of wastewater flooding and of missing legal water quality targets. This study elicits the willingness to pay to reduce ecological and health risks from combined sewer overflows in rivers and lakes,...

This paper provides a normative framework for the assessment of the distributional incidence of growth. By removing the anonymity axiom, such framework is able to evaluate the individual income changes over time and the reshuffling of individuals along the income distribution that are determined...

Because of its importance in understanding and explaining growth, the topic of innovation has received a huge attention in the economic literature. However, our knowledge of the factors that inuence in- novation and its related activities is not as exhaustive as it could be. The present study...