This presentation of the findings of Nuclear energy and renewables : System effects in low-carbon electricity systems (recently published by OECD’s Nuclear Energy Agency) analyzes the interactions between “variable renewables and dispatchable energy technologies” (mainly wind and solar...

Bien qu'elle soit encore assez peu usitée, la notion de capital immatériel représente une source non négligeable de création de valeur au sein des réseaux bancaires.Trois composantes distinctes mais interconnectées entre elles, sont à l'origine de ce concept.

Institutional embeddedness of markets and institutions exercising social control over markets have been topics of research for economic sociology for a long time. Historically, business communities created their own regulations, before using the State to legalize and enforce their norms. This...

The main purpose of this paper is to present an analysis of formal employment generated in Brazil from 2003 to 2006. It develops a discussion about the labor market performance during the 90’s, when strong changes in Brazilian economy occurred. Then the generation of new jobs is analyzed in...

The market portfolio efficiency remains controversial. This paper develops a new test of portfolio mean-variance efficiency relying on the realistic assumption that all assets are risky. The test is based on the vertical distance of a portfolio from the efficient frontier. Monte Carlo...

This is a summary of the author’s Ph.D. thesis supervised by Fioravante Patrone and Stefano Bonassi and defended on 25 May 2006 at the Università degli Studi di Genova. The thesis in written in English and a copy is available from the author upon request. This work deals with the discussion...

This paper proposes a measure of the contribution of unequal opportunities to earnings inequality. Drawing on the distinction between ‘circumstance’ and ‘effort’ variables in John Roemer’s work on equality of opportunity, we associate inequality of opportunities with five observed...

We provide a price characterization of efficient contingent claims - that is, chosen by at least a rational agent - in multiperiod economies with market frictions. Frictions include market incompleteness, transaction costs, short-selling, and borrowing costs. We characterize the inefficiency...