Publications of CSEF Fellows

2006 

Refereed journals 

1. Altavilla C., Luini L., Sbriglia P. (2006), Social Learning in Market Games, Journal of Economic Behavior and Organization, Vol 61, Issue 4, pp.632-652

2. Altavilla C. and Caroleo F.E. (2006), Evaluating the Dynamic Effects of Active Labour Policies in Italy, Labour, 20 (2), 349-382.

3. A. Basile, A. Avallone, P. Vitolo, Positive Operators à la Aumann-Shapley on Spaces of Functions on D-lattices, Positivity, 2006, vol. 10, 701-719.

4. H. Bonnel, J. Morgan, Semivectorial Bilevel Optimization Problem: Penalty Approach. J. Optim. Theory Appl. 131 (2006), no. 3, 365-382.

5. R. Bottazzi, T. Jappelli, M. Padula, Retirement Expectations, Pension Reforms, and Their Impact on Private Wealth Accumulation, Journal of Public Economics, 2006, vol. 90, 2187-2212.

6. M.C. Chiuri et al., Does the Representation of Household Behaviour Matter for Welfare Analysis of Tax-Benefit Policies?, The Review of Economics of the Households, 2006, vol. 4, 99-111.

7. M.C. Chiuri et al., Collective Models of Household Labour Supply with Non-convex Budget Sets and Non-participation, The Review of Economics of the Households, 2006, vol. 4, 113-127.

8. M.C. Chiuri et al., Who Receive the Money Matters: Simulating the Working Families’ Tax Credit, The Review of Economics of the Households, 2006, vol. 4, 129-158.

9. M.C. Chiuri et al., Evaluating the Move to a Linear Tax System in Germany and other European Countries: the Choice of the Representation of Household Decision Processes Does Matter, The Review of Economics of the Households, 2006, vol. 4, 159-180.

10. E.L. del Mercato, Existence of Competitive Equilibria with Externalities: a Differential Viewpoint, Journal of Mathematical Economics, 2006, vol. 42, 525-543.

11. E.L. del Mercato, M. Florenzano, Edgeworth and Lindhal Equilibria of a General Equilibrium Model with Private Provision of Public Goods, Journal of Public Economic Theory, 2006, vol. 8, 713-740.

12. E.L. del Mercato, A. Villanacci, Taxes and Money in Incomplete Financial Markets, Decisions in Economics and Finance, 2006, vol. 29, 23-54.

13. A. Ellul, M. Pagano, IPO Underpricing and After-market Liquidity, Review of Financial Studies, 2006, vol. 19, 381-421.

14. C. Favero, Taylor Rules and the Term Structure, Journal of Monetary Economics, 2006, vol. 53, 1377-1393.

15. C. Favero et al., The Econometrics of Macroeconomics, Finance, and the Interface, Journal of Econometrics, 2006, vol. 127.

16. C. Favero, F. Milani, Parameter Instability, Model Uncertainty and the Choice of Monetary Policy, Topics in Macroeconomics, 2006, vol. 5.

17. C. Favero, A. Carriero and I. Kaminska, Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates, Journal of Econometrics, 2006, vol. 127, 339-358.

18. C. Fumagalli, M. Motta, Exclusive Dealing and Entry when Buyers Compete, American Economic Review, 2006, vol. 96, 785-795.

19. T. Jappelli, L. Pistaferri, Intertemporal Choice and Consumption Mobility, Journal of the European Economic Association, 2006, vol. 4, 75-115.

20. M.B. Lignola, J. Morgan, V. Scalzo, Vector Quasi-Variational Inequalities Under Perturbations. Pac. J. Optim. 2 (2006), no. 3, 599-609.

21. M.B. Lignola, J. Morgan,  Vector Quasi-Variational Inequalities: Approximate Solutions and Well-Posedness. J. Convex Anal. 13 (2006), No. 2, 373-84.

22. M.B. Lignola, J. Morgan, Alpha-well-posedness for Nash Equilibria and for Optimization Problems with Nash Equilibrium Constraints, Journal of Global Optimization, 2006, vol. 36, 439-459.

23. A. Menichini, P. Simmons, Liars and Inspectors: Optimal Financial Contracts when Monitoring is Unobservable, Contributions to Theoretical Economics, 2006, vol. 6.

24. J. Morgan, M. Romaniello, Scalarization and Kuhn-Tucker-like conditions for weak vector generalized quasivariational inequalities. J. Optim. Theory Appl. 130 (2006), no. 2, 309-316.

25. J. Morgan, M. Romaniello, Generalized Quasi-Variational Inequalities: Duality Under Perturbations. J. Math. Anal. Appl. 324 (2006), no. 2, 773-784.

26. J. Morgan, V. Scalzo, Discontinuous but Well-Posed Optimization Problems. SIAM J. Optim. 17 (2006), no. 3, 861-870.

27. M. Pagano, P. Volpin, Shareholder Protection, Stock Market Development, and Politics, Marshall Lecture at the 20th Congress of the European Economic Association, Journal of the European Economic Association, 2006, vol. 4, 315-341.

28. M. Pagnozzi, Overbidding to Harm Competitors: Sequential Auctions with Budget Constraints, Rivista di Politica Economica, 2006, vol. 96, 135-161.

Books and collected papers

1. F.E. Caroleo, S. Destefanis (eds), The European Labour Market. Regional Dimensions. Heidelberg: Physica Verlag, 2006.

2. D. Christelis, T. Jappelli,  M. Padula, Generated Asset Variables in SHARE Release 1, in A. Borsch-Supan and H. Jürges (eds), The Survey on Health, Aging and Retirement in Europe-MethodologyMannheim Research Institute for the Economics of Aging, 2006.

3. L. Crosato, S. Destefanis, P. Ganugi, Technology and Firm Size Distribution: Evidence from Manufacturing Sectors, in C. Filippucci (ed.), Mutamenti nella geografia dell'economia italiana, Milano: Franco Angeli, 2006, pp. 305-330.

4. S. Destefanis, G. Coppola, L'impatto dei Fondi Strutturali Europei. Un'analisi su dati regionali e un approfondimento per la Campania, in P. Di Monte, Rapporto di valutazione sulle politiche del lavoro, Napoli: Arlav, 2006, pp. 113-145.

5. S. Destefanis, R. Fonseca, Matching Efficiency and Labour Market Reform across Italian Regions, in S. Destefanis, F.E. Caroleo (eds), The European Labour Market. Regional Dimensions, Heidelberg: Physica Verlag, 2006, pp. 147-163.

6. V. Galasso, The Political Future of Social Security in Aging Societies. Cambridge: The MIT Press, 2006.

7. T. Jappelli, M. Pagano, Role and Effects of Credit Information Sharing, in The Economics of Consumer Credit: European Experience and Lessons from the US, Giuseppe Bertola, Richard Disney and Charles Grant (eds.). Cambridge: The MIT Press, 2006.

8. D. Lombardo, M. Pagano, Legal Determinants of the Return on Equity, in Corporate and Institutional Transparency for Economic Growth in Europe, Lars Oxelheim (ed.), Elsevier, 2006.

9. L. Mallozzi, J. Morgan, On Approximate Mixed Nash Equilibria and Average Marginal Functions for Two-Stage Three-Players Games. Optimization with Multivalued Mappings, 97-107, Springer Optim. Appl., 2, Springer, New York, 2006.

10. R. Marselli, M. Vannini, L’efficienza dell’intervento pubblico regionale attraverso gli indicatori di contesto e la spesa pubblica consolidata, in Federalismo, equità e sviluppo. I risultati delle politiche pubbliche analizzati e misurati dai Conti Pubblici Territoriali, F. Barca et al. eds. Il Mulino, 2006.

11. J. Morgan, F. Patrone, Stackelberg Problems: Subgame Perfect Equilibria Via Tikhonov Regularization?, Annals of the International Society of Dynamic Games, Advances in Dynamic Games: Application to Economics, Management Sciences, Engineering and Environmental Management, Birkhauser, 2006, 209-221.

12. N. O’Higgins et. al., At Risk: Roma and the Displaced in Southeast Europe: Dimensions of Vulnerability, UNDP, Bratislava, 2006.

13. N. O’Higgins, A. Ivanov, Education and Employment Opportunities for the Roma, Comparative Economic Studies, 2006, vol. 48, 6-19.

14. M. Pagnozzi et al., Multi-Contract Auctions and Package Bidding in Procurement, in N. Dimitri, G. Piga and G. Spagnolo (eds), Handbook of Procurement, Cambridge University Press, 2006, 193-219.

15. G. Pica, A.D. Kugler, The Effects of Employment Protection and Product Market Regulations on the Italian Labor Market, in J. Messina, C. Michelacci, J. Turunen, and G. Zoega (eds), Labour Market Adjustments in Europe, Edward Elgar, 2006

16. M. Motta, M. Polo, Leniency Programs, in W. Collins (ed.), Issues in Competition Law and Policy, ABA Antitrust Section, 2006.

17. M. Polo, Regulation for Pluralism in the Media Markets, in P. Seabright and J. von Hagen (eds), Regulation of Media Markets, Cambridge University Press, 2006.

2007

Refereed journals 

1. Altavilla C., B. Mahy, F. Rycx  (2007), Labour Contracts, Wages and Employment, International Journal of Manpower, Vol.28, No. 7.

2. Altavilla C., Garofalo A. and Vinci C.P (2007), Designing the Optimal Length of Working Time, International Journal of Manpower, Vol. 28, No. 7. (2007), pp. 627-648.

3. P. Battigalli, C. Fumagalli, M. Polo, Buyer Power and Quality Improvements, Research in Economics, 2007, vol. 61, 45-61.

4. G. Bimonte, M.G. Graziano, The Measure of Blocking Coalitions in Differential Information Economies, Economic Theory, 2007, 1432-1479.

5. G. Cespa, G. Cestone, Corporate Social Responsibility and Managerial Entrenchment, Journal of Economics and Management Strategy, 2007, 16 (3), 741-771.

6. D. Coviello, M. Bobba, Weak Instruments and Weak Identification in Estimating the Effects of Education on Democracy, Economics Letters, 2007, vol. 96, 301-306.

7. S. Destefanis, G. Coppola, Fondi strutturali, produttività e occupazione. Uno studio sulle regioni italiane, Rivista di Economia e Statistica del Territorio, 2007, vol. 2, pp. 191-212

8. S. Destefanis, R. Fonseca, Matching Efficiency and Labour Market Reform in Italy. A Macroeconometric Assessment, Labour, 2007, vol. 21, pp. 57-84.

9. S. Destefanis, M.O. Rizza, Central Bank Independence and Democracy: Does Corporatism Matter?, Rivista Internazionale di Scienze Sociali, 2007, vol. 115, pp. 477-502

10. S. Destefanis, V. Sena, Patterns of Corporate Governance and Technical Efficiency in Italian Manufacturing, Managerial and Decision Economics, 2007 vol. 28, pp. 27-40

11. G. De Marco, J. Morgan, Refinement Concept for Equilibria in Multicriteria Games via Stable Scalarizations, International Game Theory Review, 2007, vol. 9, 169-181.

12. S. Destefanis, R. Fonseca, Matching Efficiency and Labour Market Reform in Italy. A Macroeconometric Assessment, Labour, 2007, n. 1.

13. S. Destefanis, V. Sena, Patterns of Corporate Governance and Technical Efficiency in Italian Manufacturing, Managerial and Decision Economics, 2007, n. 1.

14. M.G. Graziano, Economies with Public Projects: Efficiency and Decentralization, International Economic Review, 2007, vol. 48, 1037-1063.

15. G. Immordino, M. Pagano, Optimal Regulation of Auditing, CESifo Economic Studies, 2007, Vol. 53, No. 3, 363–388

16. T. Jappelli, L. Pistaferri, Do People Respond to Tax Incentives? An Analysis of the Italian Reform of the Deductibility of Home Mortgage Interest, European Economic Review, 2007, vol. 51, 247-273.

17. T. Jappelli, L. Pistaferri, G. Weber, Health Care Quality, Economic Inequality and Precautionary Saving, Health Economics, 2007, vol. 16, 327-346.

18. M.B. Lignola, J. Morgan, On Convergence Results for Weak Efficiency in Vector Optimization Problems with Equilibrium Constraints. J. Optim. Theory Appl., 2007, 133(1), 117-121.

19. J. Morgan, V. Scalzo, Asymptotical Behavior of Finite and Possible Discontinuous Economies, Economic Theory, 2007, vol. 33, 407-412.

20. J. Morgan, V. Scalzo, Pseudocontinuous Functions and Existence of Nash Equilibria, Journal of Mathematical Economics, 2007, vol. 43, 174-183.

21. N. O’Higgins, A. Nese, Panel Attrition in the Capitalia Panel, International Review of
    Economics, 2007, vol. 54, 383-403.

22. N. O’Higgins, Keeping it in the Family? Towards an Understanding of the Role of Economic Conditions in Determining Youth Labour Market Entry, Home-Leaving and Educational Participation, Economia e Lavoro, 2007, vol. 61, 61-77.

23. M. Pagnozzi, Bidding to Lose, Auctions with Resale, Rand Journal of Economics 2007, vol. 38(4), pp. 1090-1112.

24. M. Pagnozzi, Sorry Winners, Review of Industrial Organization, 2007, vol. 30, 203-225.

25. S. Piccolo, D. Martimort, Resale Price Maintenance under Asymmetric Information, International Journal of Industrial Organization, 2007, vol. 25, 315-339.

26. M.G. Romano, Learning, Cascades and Transaction Costs, Review of Finance, 2007.

Books and collected papers

1. M. Marrelli (ed.), New Tendencies in the Regulation, Production and Financing of Public Services, 2007. Milan, Franco Angeli.

2. R. Marselli, M. Vannini, L’efficienza tecnica dei distretti di corte d’appello italiani: aspetti metodologici, benchmarking e arretrato smaltibile, in L. Cominelli (ed.), Temi e problemi della giustizia, Giuffrè, 2007.

2008

Refereed journals 

1. A. Acconcia, R. Martina, S. Piccolo, Vertical Restraints Under Asymmetric Information: on the Role of Participation Constraints, The Journal of Industrial Economics, 2008, Vol. LVI, June, No. 2, pp. 379-401.

2. A. Acconcia, C. Cantabene, A big Push to Deter Corruption: Evidence from Italy, Giornale degli Economisti e Annali di Economia, 2008, vol. 67(1), pp. 75-102.

3. A. Acconcia, S. Simonelli, Interpreting Aggregate Fluctuations Looking at Sectors, Journal of Economic Dynamics and Control, 2008, 32(9), pp. 3009-3031

4. Altavilla C. (2008), The (UN-)Stable Relationship between Exchange Rate and Fundamental, Applied Economics Letters, 15:7, pp.539-544

5. A. Basile, C. Costantini, P. Vitolo, On the Aumann-Shapley Value, Positivity, 2008, vol. 12, 613-629.

6. F. Bellini, E. Rosazza Gianin, On Haezendonck Risk Measures, Journal of Banking and Finance, 2008, 32(6), pp. 986-994.

7. F. Bellini, E. Rosazza Gianin, Optimal Portfolios with Haezendonck Risk Measures, Statistics and Decisions, 2008, 26, 89-108.

8. M. Belloc, S. D'Alessandro, M. Di Maio, F. Drago, P. Vertova, Technology and the Environment in the History of the Economic Thought, International Journal of Global Environmental Issues, 2008, 8(4), pp. 311-334.

9. C. Bethencourt, V. Galasso, Political Complements in the Welfare State: Health Care and Social Security, Journal of Public Economics, 92(3-4), pp. 609-632.

10. J.-M. Bonnisseau, E.L. del Mercato, General Consumption Constraints and Regular Economies, Journal of Mathematical Economics, 2008, vol. 44, 1286-1301.

11. N. Bose, S. Capasso, A. Murshid, Threshold Effects of Corruption: Theory and Evidence, World Development, 2008, vol. 36(7), pp. 1173-1191.

12. S. Capasso, Endogenous Information Frictions, Stock Market Development and Economic Growth, The Manchester School, 2008, 76(2), pp. 204-222.

13. G. Cespa, Information Sales and Insider Trading with Long-lived Information, Journal of Finance, 2008, 63(2), pp. 639-672.

14. P. Coccorese, An Investigation on the Causal Relationships Between Banking Concentration and Economic Growth, International Review of Financial Analysis, 2008, 17(3), pp. 557-570.

15. P. Coccorese, Bank Competition and Regional Differences, Economics Letters, 2008, 101(1), pp. 13-16.

16. M. D’Amato, R. Martina, S. Piccolo, Product Market Competition and Organizational Slack Under Profit-Target Contracts, International Journal of Industrial Organization, 2008, 26(6), pp. 1257-1460.

17. G. De Marco, J. Morgan, Slightly Altruistic Equilibria, Journal of Optimization Theory and Applications, 2008, 137, pp. 347-362.

18. G. De Marco, J. Morgan, Friendliness and reciprocity in equilibrium selection. International. Game Theory Review, 2008, 10(1), 53-72.

19. S. Destefanis, M. Costantini, Cointegration Analysis for Cross-sectionally Dependent Panels. The Case of Regional Production Functions, Economic Modelling. 2008, vol. 29, pp. 1-15.

20. C. Fumagalli, M. Motta, Buyers' Miscoordination, Entry, and Downstream Competition, Economic Journal, 2008, 118(531), pp. 1196-1222.

21. V. Galasso, Postponing Retirement: the Political Push of Aging, Journal of Public Economics, 2008, 92, pp. 2157-2169.

22. G. Immordino, Fairness, Consumer Consciousness and the Welfare of Less Developed Countries, Global Economy Journal, 2008, 8(1), pp. 7.

23. M. Halling, M. Pagano, O. Randl, J. Zechner, Where Is the Market? Evidence from Cross-Listings in the United States, Review of Financial Studies, 2008, 21(2), pp. 725-761.

24. T. Jappelli, M. Padula, L. Pistaferri, A Direct Test of the Buffer Stock Model of Saving, Journal of the European Economic Association, 2008, 6(6), pp. 1186-1210.

25. R. Jiménez-Rodriguez, G. Russo, Institutional Rigidities and Employment Rigidity on the Italian Labour Market, Applied Economics Quarterly n. 3-2008, pp.217-227.

26. A.M.C. Menichini, Third Parties, Information Disclosure and Monitoring Incentives, Scottish Journal of Political Economy, 2008, 55 (1), pp. 31-50.

27. J. Morgan, V. Scalzo, Variational Stability of Social Nash Equilibria,  International Game Theory Review, 2008, 10(1), pp. 17-24.

28. M. Pagnozzi, Are Disadvantaged Bidders Doomed in Ascending Auctions? Journal of Industrial Economics (Notes & Comments), 2008, vol. LVI(3).

29. G. Pica, A.D. Kugler, Effects of Employment Protection on Job and Worker Flows: Evidence from the 1990 Italian Reform, Labour Economics, 2008, 15(1), pp. 78-95.

30. M. Ravn, S. Simonelli, Market Dynamics and the Business Cycle: Structural Evidence for the United States, Scandinavian Journal of Economics, 2008, Vol.109, pp.743-777.

Books and collected papers

1. S. Capasso, Stock Markets Development and Economic Growth, in G. Mavrotas (ed.) Domestic Resource Mobilization and Financial Development, McGrawHill, 2008.

2. D. Checchi, T. Jappelli, The impact of Perceived Public School Quality on Private School Choice in Italy,  in Peterson and Woessman (eds), Schools and the Equal Opportunity Problem. Cambridge: MIT Press, 2008.

3. Christelis, D., Jappelli, T., Padula M., “Real and Financial Assets in SHARE Wave 2”, in First Results from the Survey on Health, Aging and Retirement in Europe (2004-2007): Starting the Longitudinal Dimension, ed. A. Börsch-Supan, A. Brugiavini, H. Jürges, A. Kapteyn, J. Mackenbach, J. Siegriest and G. Weber, Mannheim: Mannheim Research Institute for the Economics of Aging, 2008.

4. Christelis, D., “Item Non-response in SHARE Wave 2”, in First Results from the Survey on Health, Aging and Retirement in Europe (2004-2007): Starting the Longitudinal Dimension, ed. A. Börsch-Supan, A. Brugiavini, H. Jürges, A. Kapteyn, J. Mackenbach, J. Siegriest and G. Weber. Mannheim: Mannheim Research Institute for the Economics of Aging, 2008.

5. N. O’Higgins, Still with us After All of These Years: Trends in Youth Labour Market Entry, Home-Leaving and Human Capital Accumulation in Italy 1993-2003, in G. De Freitas (ed.), Young Workers in the Global Economy, Edward Elgar, Cheltenham, 2008.

2009

Refereed journals 

1. Altavilla C. and M. Ciccarelli, The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty: Evidence from the US and the Euro Area, Journal of Money, Credit and Banking, 2009, vol. 41, no. 7, pp.1265-1300

2. Basile, C. Donnini, M.G. Graziano, Core and Equilibria in Coalitional Asymmetric Information Economies, Journal of Mathematical Economics, 2009, vol. 45, 293-307

3. Basile, C. Donnini , M.G. Graziano, Economies with Informational Asymmetries  and Limited Vetoer Coalitions”,  in Economic Theory, 2009 (http://dx.doi.org/10.1007/s00199-009-0473-x).

4. G. Bimonte , M.G. Graziano, The Measure of Blocking Coalitions in Differential Information Economies (con G. Bimonte), Economic Theory, 38, (2009), 331–350.

5. M. Brown, T. Jappelli, M. Pagano, Information Sharing and Credit Market Performance: Firm-Level Evidence from Transition Countries, Journal of Financial Intermediation 2009, vol. 18, pp. 151-172.

6. D. Christelis, T. Jappelli, O. Paccagnella, G. Weber, Income, wealth and financial fragility in Europe, Journal of European Social Policy, 2009 19(4), pp. 359-376

7. P. Coccorese, A. Pellecchia, Multimarket Contact and Profitability in Banking: Evidence from Italy, Journal of Financial Services Research, 2009, 35, 245-271.

8. P. Coccorese, Market Power in Local Banking Monopolies, Journal of Banking and Finance, 2009, 33, 1196-1210

9. G. De Marco, J. Morgan, Equilibrium Selection and Altruistic Behavior in Noncooperative Social Networks, TOP, Published online 10 November 2009, 1-17

10. Donnini , M.G. Graziano, The Edgeworth’s Conjecture in Finitely Additive Production Economies, Journal of Mathematical Analysis and Applications, 360, (2009), 81-94

11. F. Drago, R. Galbiati, P. Vertova, The Deterrent Effects of Prison: Evidence from a Natural Experiment, Journal of Political Economy, 2009, Vol. 117, no. 2, 257-280

12. F. Farina, N. O'Higgins and P. Sbriglia, “Suit the action to the word, the word to the action: Eliciting Motives for trust and reciprocity by Attitudinal and Behavioural Measures”, Research in Economics, vol. 63, no. 4; p. 253-265, 2009.

13. G. Immordino, Advertising and Cost Reduction, in The B.E. Journal of Theoretical Economics, 2009, 9(1) (Topics), Article 10. Available at: http://www.bepress.com/bejte/vol9/iss1/art10

14. F. Magris, G. Russo, Selective Immigration Policies, Human Capital Accumulation and Migration Duration in Infinite Horizon, Research in Economics, 2009, vol. 63(2), PP. 114-126.

15. N. O'Higgins and G. Ponti, “Experimental Economics Made in Italy,” Research in Economics, vol. 63, no. 4; p. 213-215, 2009

16. M. Pagnozzi, Resale and Bundling in Auctions, International Journal of Industrial Organization, 2009, 27(6), 667-678.

17. M.G. Romano, Informational Cascades in Financial Economics: A Review, Giornale degli Economisti e Annali di Economia, 2009, vol.68, no.1, pp. 81-109

Books and collected papers

1. C. Favero, The Econometrics of Monetary Policy: an Overview, in T.C. Mills and K. Patterson, Palgrave Handbook of Econometrics, Volume 2, McGraw-Hill, 2009.

2010

Refereed journals 

1. Altavilla C. and M. Ciccarelli, Evaluating the Effect of Monetary Policy on Unemployment with Alternative Inflation Forecasts, Economic Modelling, 2010, Vol.27, pp.237-253

2. Altavilla C. and P. De Grauwe, Non-Linearities in the Relation between the Exchange Rate and its Fundamentals, International Journal of Finance and Economics, 2010, Vol. 15, Issue 1, pp. 1-21

3. Altavilla C. and P. De Grauwe, Forecasting and Combining Competing Models of Exchange Rate Determination, Applied Economics. 2010, vol. 42, pp. 3455-80.

4. Barone and N. O'Higgins, “Fat and Out in Salerno and Province: Adolescent Obesity and Early School Leaving in Southern Italy”, Economics and Human Biology, vol. 8, no. 1, pp. 44-57, 2010.

5. Basile, C. Donnini , M.G. Graziano, Economies with Informational Asymmetries  and Limited Vetoer Coalitions”,  in Economic Theory, 2010, 45, pp. 147-180.

6. J.-M. Bonnisseau and E.L. del Mercato, Externalities, Consumption Constraints and Regular Economies, Economic Theory, 44, 2010, pp. 123-147.

7. Capasso S. and G. Mavrotas, “Loan Processing Costs, Information Asymmetries and the Speed of Technology Adoption”, Economic Modelling, 2010, Vol. 27, pp. 358-367.

8. F. Castellucci, M. Padula and G. Pica, The age-productivity gradient: evidence from a sample of F1 drivers, Labour Economics, 2010, in press http://dx.doi.org/10.1016/j.labeco.2010.09.002

9. M.C. Chiuri, T. Jappelli, Do the Elderly Reduce Housing Equity? An International Comparison, in Journal of Population Economics, 2010, vol. 22, 267-283

10. D. Christelis, T. Jappelli, M. Padula, Cognitive Abilities and Portfolio Choice, European Economic Review, 2010, Vol. 54 (1), pp. 18­-38.

11. F. Cingano, M. Leonardi, J. Messina and G. Pica (2010), The Effect of Employment Protection Legislation and Financial Market Imperfections on Investment: Evidence from a Firm-Level Panel of EU countries, Economic Policy, Volume 25, Issue 61, pp. 117-163.

12. P. Coccorese, Information Exchange as a Means of Collusion: The Case of the Italian Car Insurance Market, Journal of Industry, Competition and Trade, 2010, vol. 10, n. 1, pp. 55-70.

13. G. De Marco, J. Morgan, Kalai-Smorodinsky Bargaining Solution Equilibria, Journal of Optimization, Theory and Applications, vol.145, 2010, 1-19.

14. S. Destefanis, O.W. Maietta, The Productivity of Volunteer Labour: DEA-based Evidence from Italy, in S. Destefanis, M. Musella (eds), Paid and Unpaid Labour in the Social Economy. An International Perspective, Heidelberg: Physica-Verlag, 2010.

15. S. Destefanis, M. Musella (eds), Paid and Unpaid Labour in the Social economy. An International Perspective, Heidelberg: Physica-Verlag, 2010.

16. C. Favero, M. Pagano, E. Von Thadden, How Does Liquidity Affect Bond Yields?, in Journal of Financial and Quantitative Analysis, Vol. 45, No. 1, February 2010, 107-134.

17. D. Fabbri, A.M.C. Menichini, Trade Credit, Collateral Liquidation and Borrowing Constraint, Journal of Financial Economics, 2010, 96(3), pp.  413-432.

18. C. Grant, C. Koulovatianos, A. Michaelides, M. Padula, Evidence on the Insurance E ect of Redistributive Taxation,  in Review of Economics and Statistics, 2010, vol. 92(4), pp. 965-973. Available at http://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00040

19. M.G. Graziano and M. Pesce, A Note on the Private Core and Coalitional Fairness under Asymmetric Information, Mediterranean Journal of  Mathematics, 2010, 7(4), pp. 573-601.

20. D. Harbord and M. Pagnozzi Network-Based Price Discrimination and 'Bill-and-Keep' vs. 'Cost-Based' Regulation of Mobile Termination Rates, Review of Network Economics, 9(1), Article 1, 2010.

21. G. Immordino, M. Pagano, Legal Standards, Enforcement and Corruption, Journal of the European Economic Association, 8(5) (2010) 1104-32.

22. Jappelli T., Economic Lliteracy: An International Comparison, The Economic Journal, November 2010, vol. 120, F429-51

23. T. Jappelli, L. Pistaferri, Does consumption inequality track income inequality in Italy? (with Luigi Pistaferri), Review of Economic Dynamics, January 2010, vol. 13, 133-153

24. T. Jappelli, L. Pistaferri, The consumption response to income changes, Annual Review of Economics, September 2010, vol. 2, 479-506

25. T. Jappelli, C. Julliard, M. Pagano, Household Portfolio Diversification, Studi Economici, Special Issue in Memory of Lilli Basile, 2010, n. 1.

26. M.B. Lignola, J. Morgan and V. Scalzo, Lower Convergence of Approximate Solutions to Vector Quasi-Variational Problems, in Optimization, 2010, vol. 59, No. 6, pp. 821-832.

27. D. Martimort and S. Piccolo, The Strategic Value of Quantity Forcing Contracts, in American Economic Journal: Microeconomics, 2010, Vol. 2, No. 1, pp. 204-29.

28. M. Padula, An Approximate Consumption Function, Journal of Economic Dynamics and Control, 2010, 34, pp. 404-416.

29. M. Pagano and P. Volpin, Credit Ratings Failures and Policy Options, Economic Policy, 401-431, April 2010.

30. M. Pagnozzi, Are Speculators Unwelcome in Multi-Object Auctions?, in American Economic Journal: Microeconomics, 2010, 2(2), pp. 97-131

31. M. Pesce, On Mixed Markets with Asymmetric Information, Economic Theory, 2010, 45(1), pp. 23-53.

32. M. Pesce and N.C. Yannelis, Existence of an Interim and ex-ante Minimax Point for an Asymmetric Information Game, Economics Letters, 2010, 108 (1), p. 4-6.

33. M. Pesce and N.C. Yannelis, Learning and Stability of the Bayesian – Walrasian Equilibrium, Journal of Mathematical Economics, 2010 46 (5), p. 762-774.

34. G. Pica, Capital Markets Integration and Labor Market Institutions, The B.E. Journal of Macroeconomics, 10(1) (Topics) DOI: 10.2202/1935-1690.1757 Available at: http://www.bepress.com/bejm/vol10/iss1/art6 

Books and collected papers

1. S. Destefanis, M. Musella (eds), Paid and Unpaid Labour in the Social economy. An International Perspective, Heidelberg: Physica-Verlag, 2010.

2. S. Destefanis, O.W. Maietta, The Productivity of Volunteer Labour: DEA-based Evidence from Italy, in S. Destefanis, M. Musella (eds), Paid and Unpaid Labour in the Social economy. An International Perspective, Heidelberg: Physica-Verlag, 2010

2011

Refereed journals 

1. Adam K. and M. Padula, Inflation Dynamics and Subjective Expectations in the United States, Economic Inquiry, 2011, 49(1), pp. 13-25.

2. Bottazzi R., T. Jappelli, M. Padula, The Portfolio Effect of Pension Reforms: Evidence from Italy, in Journal of Pension Economics and Finance, 2011, vol. 10(01), pages 75-97.

3. Buonanno P., F. Drago, R. Galbiati and G. Zanella, Crime Rates in Europe and in the US: Dissecting the Reversal of Misfortunes, in  Economic Policy, 26(67): 347-385, 2011.

4. Castellucci, F., M. Padula and G. Pica, The age-productivity gradient: evidence from a sample of F1 drivers,  Labour Economics, 2011, Volume 18, Issue 4, pp. 464-473

5. Christelis D., D. Georgarakos and M. Haliassos, "Stockholding: Participation, Location, and Participation Spillovers", Journal of Banking and Finance, Journal of Banking and Finance 35(8): 1918-1930, 2011.

6. Christelis D. and A. Sanz-de-Galdeano, "Smoking Persistence Across Countries: A Panel Data Analysis", Journal of Health Economics, 30(5): 1077-1093, 2011

7. De Marco G. and M. Romaniello, A Dynamic Game of Coalition formation under Ambiguity, in Soft Computing, 2011, 15(4), 637-644

8. Drago F., R. Galbiati and P. Vertova, Prison Conditions and Revidivism, American Law and Economics Review, 13(1): 103-130, 2011.

9. Drago F.,  Self-esteem and Earnings, Journal of Economic Psychology, 32(3): 480-488, 2011

10. Immordino G.,  A. Menichini and M. Romano, A Simple Impossibility Result in Behavioural Contract Theory, in Economic Letters 113 (2011) 307-309.

11. Immordino G., Pagano M., Polo M., “Incentives to Innovate and Social Harm: Laissez-Faire, Authorization or Penalties?”, Journal of Public Economics, 2011, 95(7-8), 864-876

12. Jappelli T., L. Pistaferri, Financial Integration and Consumption Smoothing, in The Economic Journal, vol. 121, pag 678-706, giugno 2011

13. Jiménez-Rodrìguez R., Russo G., Aggregate Employment Dynamics and (Partial) Labour Market Reforms, Bulletin of Economic Research, DOI: 10.1111/j.1467-8586.2011.00396.x, available at http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8586.2011.00396.x/abstract

14. Menichini, A.M.C., Interfirm Trade-Finance in Times of Crises, in The World Economy, 34 (10), October 2011, 1788-1808.

15. M. Pagnozzi, Bids as a Vehicle of (Mis)Information: Collusion in English Auctions with Affiliated Values, in Journal of Economics & Management Strategy, 2011, 20(4), 1171-1196.

16. Pica G., J.V. Rodríguez Mora, Who's Afraid of a Globalized World? Foreign Direct Investment, Local Knowledge and Allocation of Talents, in Journal of International Economics, 2011, Vol. 85, 1, pp. 86-101.

17. Russo G., Voting over Selective Immigration Policies with Immigration Aversion, in Economics of Governance, n. 12(4), 2011, pp. 325-351.

Books and collected papers

1. De Marco G. and M. Romaniello, On the Dynamics of Coalition Structure Beliefs, in Handbook of Optimization Theory: Decision  Analysis and Applications, J. Varela and S. Acuna (eds) , pp 237-258,  Nova Science Publishers, New York, 2011.

2. Fabbri, D. and A.M.C. Menichini, Firms’ Trade-Financing Decisions during Crises, in Trade Finance during the Great Trade Collapse, J.-P. Chauffour and M. Malouche (eds), The World Bank, Washington D.C., 2011.

3. Menichini, A.M.C., Interfirm Trade-Finance: Pain or Blessing during Financial during Crises?, in Trade Finance during the Great Trade Collapse, J.-P. Chauffour and M. Malouche (eds), The World Bank, Washington D.C., 2011.

Forthcoming papers

1. Altavilla C. and F.E. Caroleo, Asymmetric Effects of National-based Active Labour Market Policies, forthcoming in Regional Studies

2. Avitabile C., Does Information Improve the Health Behavior of Adults Targeted by a Conditional Transfer Program?, forthcoming in the Journal of Human Resources.

3. Avitabile C., T. Jappelli, M. Padula, Cognitive abilities, healthcare and screening tests, forthcoming in the Journal of Population Aging.

4. Basile A., C. Donnini, M.G. Graziano, “Economies with informational asymmetries and limited vetoer coalitions”, forthcoming in Economic Theory

5. Capasso S., M.R. Carillo, The Legacy of Dualism in New Growth Theory, forthcoming in N. Salvadori, P. Commendatore, M. Tamberi (eds), Geography, Stuctural Change and Economic  Development, Edward Elgar.

6. Christelis D., D. Georgarakos and M. Haliassos, “Differences in Portfolios Across Countries: Economic Environment Versus Household Characteristics”, forthcoming in Review of Economics and Statistics.

7. Consolo A., C. Favero, A.Paccagnini, On the Statistical Identification of DSGE Models, forthcoming in Journal of Econometrics.

8. D’Amato M., B. Pistoresi, F. Salsano, On the Determinants of Central Bank Independence, forthcoming in International Journal of Finance and Economics.

9. De Castro L., M. Pesce and N.C. Yannelis, A New Perspective to Rational Expectations: Maximin Rational Expectations Equilibrium, forthcoming.

10. De Marco G. and J. Morgan, "Altruistic Behavior and Correlated  Equilibrium Selection",  forthcoming in International  Game Theory Review  (2011-Dec. No.1)

11. Destefanis S., V. Sena, Public Capital, Productivity and Trade Balance. The Case of the Italian Regions, forthcoming in Empirical Economics.

12. Drago F. and R. Galbiati, Indirect Effects of a Policy Altering  Criminal Behavior: Evidence from the Italian Prison Experiment, forthcoming in American Economic Journal: Applied Economics.

13. Fumagalli C., M. Motta, L. Persson, On the Anticompetitive Effect of Exclusive Dealing when Entry by Merger is Possible, forthcoming in The Journal of Industrial Economics.

14. Kastl J., D. Martimort and S. Piccolo, When Should Manufacturers Want Fair Trade?:New Insights from Asymmetric Information, forthcoming in the Journal of Economics and Management Strategy.

15. Jappelli T. , M. Pagano, Financial Market Integration Under EMU, forthcoming in Buti et al. (eds), Euro - The First Decade, Cambridge University MIT Press.

16. Jappelli T., M. Pagano, Financial Integration in Europe, forthcoming in the Encyclopedia of Financial Globalization, edited by G. Caprio et al. Amsterdam: Elsevier

17. Lignola M.B., J. Morgan, Stability in Regularized Quasi-Variational  Settings, accepted for publication in Journal of Convex Analysis

Research projects and grants

CSEF applies for research grants as an independent entity. Research projects currently carried out at CSEF are funded by the Compagnia di San Paolo, the EU Research and Technological Development Framework Programmes, the Italian Ministry of University and Research (MIUR), the Unicredit Group and the Observatoire de l’Epargne Europeenne.

Research grants under the EU Fifth and Sixth Framework Programme

1. Structural Analysis of Household Savings and Wealth Positions over the Life-Cycle, TMR Network Contract no. ERBFMRXCT960016, participating institution, 1998-2002;

2. The Industrial Organisation of Banking and Financial Markets in Europe, TMR Network Contract no. FMRX-CT98-0222, participating institution, 1999-2003;

3. Understanding Financial Architecture: Legal and Political Framework and Economic Efficiency, RTN Network contract no. HPRN-CT-2000-00064, participating institution, 2001-2004;

4. Economics of Ageing in Europe, RTN Network contract no. HPRN-CT-2002-00235, coordinating institution, 2002-2006;

5. Financing Retirement in Europe: Public Sector Reform and Financial Market Development, RTN Network contract no. HPRN-CT-2001-00225,  participating institution, 2002-2006;

6. Financial Market Integration, Corporate Financing and Economic Growth, Contract ETD/2001/B5-3001/A/29, 2001;

7. Labour Market and Social Security Reforms, Marie Curie Re-integration Grant no. MERG-CT-2004-510542, 2004;

8. Applied analyses in corporate finance and portfolio choices, Marie Curie Host Fellowship: Contract no. HPMD-CT-2001-00069, 2003-2006;

9. Labour Market Adjustment and the EU Enlargement, Marie Curie Individual Fellowships: Contract N° MEIF-CT-2005-025323, 2005-2007;

10. Employment and health at 50+ (A life history approach to European welfare state interventions), Integrated Project: Contract no. 028812, participating institution, 2007-2009.

Other research projects and grants

• Survey of Health, Ageing and Wealth, financed by the Italian Ministry of University. (data and questionnaire available),

• Survey of Health, Ageing and Retirement in Europe (SHARE), participating institution

• European Financial Market Integration,

• Convergence in Corporate Governance Models, funded by the IRI Foundation

• Unicredit Project

• OEE Project