Institute of Nanostructured Materials

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    La dispersione scolastica: situazione, sfide e indicazioni per la provincia di Catania

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    RT 033; Progetto opere sociali.Bisogno di educazione ed educazione del bisogn

    Are R&D subsidies provided optimally? Evidence from a simulated agency-firm stochastic dynamic game

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    WP 11/2010; By means of a simulated funding-agency/supported-firm stochastic dynamic game, this paper firstly shows that not only the level of R&D performed by firms is underprovided (as maintained by traditional literature on the subject), but also the level of the subsidy provided by the funding (public) agency (used to correct exactly for the corporate R&D shortage). This event is due to externalities generated by the agency-firm strategic relationship. Two versions of the model are simulated and compared: one assuming rival behaviors between companies and agency, and one associated to the Social-planner (or cooperative) strategy. Secondly, the paper looks at what “welfare” implications are associated to different degree of funding effect’s persistency. Three main conclusions are drawn: (i) the relative quota of subsidy to R&D is undersized in the rival compared to the Social-planner model; (2) the rivalry strategy generates distortions that favor the agency compared to firms; (3) when passing from less persistent to more persistent R&D additionality/crowding-out effect, the lower the bias the greater the variance is and vice versa. As for the management of R&D funding policies, all the elements favouring greater collaboration between agency and firm objectives can help current R&D support to reach its social optimum

    Positive and negative stress in business cycle behaviour

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    WP 01/2010; The economic theory shows as business cycles have longer periods of expansions than contractions. The purpose of this paper is to analyze their behaviour in order to present a metrics that assesses the negative and positive stress of the economic system. In addition, this analysis presents some forecasting implications supporting modern political economy of growth

    Lorenzo Valerio. Carteggio (1825-1865) Volume 5 (1850-1855)

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    L'Indice dei libri del mese - A.27 (2010) sommario

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    L'Indice dei libri del mese - A.27 (2010) n.06, giugno

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    L'Indice dei libri del mese - A.27 (2010) n.07-08, luglio

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    L'Indice dei libri del mese - A.27 (2010) n.11, novembre

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