As far as recent developments in economic theory are concerned, "Behavioral Economics" constitutes one of the most promising frontiers in the last ten years, as the Nobel Prize for Economics recently won by the social psychologist Daniel Kahneman and the prestigious John Bates Clark Medal...

The subsidiarity principle was formally adopted in 1992 by the European Union to limit excessive centralization of competences. According to the subsidiarity test, a given policy responsibility should be allocated to the lowest possible level of government, unless there is evidence that the...

On-line content delivery and vertical alliances between conduit and content providers are nowadays crucial issues in on-line content markets. In this paper, we discuss and compare two types of model for on-line content delivery: push and pull. We assume non-zero marginal cost for network...

The present paper evaluates Taylor-type monetary rules from the perspective of which rules delivers determinacy and learnability of a rational expectations equilibrium. The model is fully microfounded. The closed form solution is explicitly derived. The novelty of the approach taken here...