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Social vs. Risk Preferences under the Veil of Ignorance
No full textThis paper reports experimental evidence from a series of a simple Dictator Games in which, randomly matched in pair, subjects choose repeatedly one out of four alternatives involving a pair of fixed monetary prizes, one for them and the other for an anonymously matched subject. While in some treatments player position (i.e. the identity of the best paid agent) is known in advance before subjects have to select their favorite option, in one treatment subjects choose under “the veil of ignorance”, only knowing that either role is equally likely. Finally, we also collect evidence from another treatment, in which the same options correponds to binary lotteries, in which subjects may win one prize or the other with equal probability.This paper reports experimental evidence from a series of a simple Dictator Games in which, randomly matched in pair, subjects choose repeatedly one out of four alternatives involving a pair of fixed monetary prizes, one for them and the other for an anonymously matched subject. While in some treatments player position (i.e. the identity of the best paid agent) is known in advance before subjects have to select their favorite option, in one treatment subjects choose under “the veil of ignorance”, only knowing that either role is equally likely. Finally, we also collect evidence from another treatment, in which the same options correponds to binary lotteries, in which subjects may win one prize or the other with equal probability.Non-Refereed Working Papers / of national relevance onl
Strumenti finanziari "partecipativi" (art. 2346, ult. Co., C.C.) e disciplina degli assetti proprietari delle banche
No full textInquadramento della fattispecie e tentativo di ricostruzione della stessa. Posizionamento degli strumenti finanziari rispetto alla classificazione in strumenti di "equity" e strumenti di "debt". I limiti interni, negoziali e di sistema alla creazione ed emissione di strumenti finanziari. L'impatto della disciplina degli strumenti ibridi partecipativi sul rapporto di partecipazione al capitale delle banche.Inquadramento della fattispecie e tentativo di ricostruzione della stessa. Posizionamento degli strumenti finanziari rispetto alla classificazione in strumenti di "equity" e strumenti di "debt". I limiti interni, negoziali e di sistema alla creazione ed emissione di strumenti finanziari. L'impatto della disciplina degli strumenti ibridi partecipativi sul rapporto di partecipazione al capitale delle banche.LUISS PhD Thesi
Profili della tassazione del reddito delle società tra diritto comunitario e accordi sul commercio internazionale.
No full textConcetti fondamentali della fiscalità comunitaria. Imposizione sulle società e imposizione sui soci. Tassazione delle società e multilivello impositivo. Impresa comunitaria e commercio mondiale.Concetti fondamentali della fiscalità comunitaria. Imposizione sulle società e imposizione sui soci. Tassazione delle società e multilivello impositivo. Impresa comunitaria e commercio mondiale.LUISS PhD Thesi
Dealing with diversity: towards a political theory of toleration.
No full textDealing with Diversity: Towards a Political Theory of Toleration. Liberalism and Minority Rights: Liberalizating Minorities. Liberal Pluralism and Diversity. Political Liberalism and Diversity: Political Transformation. Towards a Political Theory of Toleration.Dealing with Diversity: Towards a Political Theory of Toleration. Liberalism and Minority Rights: Liberalizating Minorities. Liberal Pluralism and Diversity. Political Liberalism and Diversity: Political Transformation. Towards a Political Theory of Toleration.LUISS PhD Thesi
L’esperienza del forum prorogatum negli arbitrati in Italia e all’estero
No full textThe article deals with the recognition of the principle of forum prorogatum in arbitrations between private parties or between private parties and foreign States. The analysis begins in the interstate jurisdictions, where the principle first developed. However, following a thorough reconstruction of international treaty law, national legislation, and relevant case law, the Author demonstrates its prevalence in private arbitration as well. The applicability of the principle of forum prorogatum in arbitral jurisdictions can be inferred from general principles of law. Nonetheless, its practicality often depends on the choices of national legislators.
Consequently, forum prorogatum undoubtedly functions if the legal system in which the arbitration is being held impedes the objection of the award for reasons related to the
arbitration agreement which were not contested during the course of the arbitration. On the contrary, doubts arise in the case in which that preclusive mechanism is not provided for. Nevertheless, in the Author's opinion, the principle of forum prorogatum finds application regardless of the system of preclusions, since its applicability is owed to reasons of a logicaldogmatic nature. The only limit to its practicality may be the provision of an express legal
prohibition. The Author also focuses on the change introduced in Italy by the 2006 reform with the combined provision of law of articles 817, 3º co. and 819, 1º co., num. 1), c.p.c.The article deals with the recognition of the principle of forum prorogatum in arbitrations between private parties or between private parties and foreign States. The analysis begins in the interstate jurisdictions, where the principle first developed. However, following a thorough reconstruction of international treaty law, national legislation, and relevant case law, the Author demonstrates its prevalence in private arbitration as well. The applicability of the principle of forum prorogatum in arbitral jurisdictions can be inferred from general principles of law. Nonetheless, its practicality often depends on the choices of national legislators.
Consequently, forum prorogatum undoubtedly functions if the legal system in which the arbitration is being held impedes the objection of the award for reasons related to the
arbitration agreement which were not contested during the course of the arbitration. On the contrary, doubts arise in the case in which that preclusive mechanism is not provided for. Nevertheless, in the Author's opinion, the principle of forum prorogatum finds application regardless of the system of preclusions, since its applicability is owed to reasons of a logicaldogmatic nature. The only limit to its practicality may be the provision of an express legal
prohibition. The Author also focuses on the change introduced in Italy by the 2006 reform with the combined provision of law of articles 817, 3º co. and 819, 1º co., num. 1), c.p.c.Articles published in or submitted to a Journal without I
Cooperation in Dividing the Cake
No full textThis paper defines models of cooperation among players partitioning a completely divisible good (such as a cake or a piece of land). The novelty of our approach lies in the players' ability to form coalitions before the actual division of the good with the aim to maximize the average utility of the coalition. A social welfare function which takes into account coalitions drives the division. In addition, we derive a cooperative game which measures the performance of each coalition. This game is compared with the game in which players start cooperating only after the good has been portioned and has been allocated among the players. We show that a modified version of the game played before the division outperforms the game played after the division.This paper defines models of cooperation among players partitioning a completely divisible good (such as a cake or a piece of land). The novelty of our approach lies in the players' ability to form coalitions before the actual division of the good with the aim to maximize the average utility of the coalition. A social welfare function which takes into account coalitions drives the division. In addition, we derive a cooperative game which measures the performance of each coalition. This game is compared with the game in which players start cooperating only after the good has been portioned and has been allocated among the players. We show that a modified version of the game played before the division outperforms the game played after the division.Refereed Working Papers / of international relevanc
Modeling Competitive Reaction Effects
No full textIn this study I critically review models that specify competitive reaction effects. I discuss different model structures and summarize my findings on competitive reaction effects and factors that explain competitive reactions. I discuss the many models of competitive market response that have been developed and classify them into twelve sets of models that are related to each other in a logical manner through the evolutionary model-building concept.In this study I critically review models that specify competitive reaction effects. I discuss different model structures and summarize my findings on competitive reaction effects and factors that explain competitive reactions. I discuss the many models of competitive market response that have been developed and classify them into twelve sets of models that are related to each other in a logical manner through the evolutionary model-building concept.Articles published in or submitted to a Journal without I
Developing a Business Model for Cross-Border E-Services: the LD-CAST project
No full textUninvited Submission
Analysing Business Models for Cross Border E-Services Provided by the Chambers of Commerce
No full textThe term "Business Model" started to gain momentum in the early rise of the new economy and it is currently used both in business practice and scientific research. Under a general point of view BMs are considered as a contact point among technology, organization and strategy used to describe how an organization gets value from technology and uses it as a source of competitive advantage. Recent contributions suggest to use ontologies to define a shareable conceptualization of BM. The aim of this study is to investigate the role of BM Ontologies as a conceptual tool for the cooperation of subjects interested in achieving a common goal and operating in complex and innovative environments. This is the case for example of those contexts characterized by the deployment of e-services from multiple service providers in cross border environments. Through an extensive literature review on BM we selected the most suitable conceptual tool and studied its application to the LD-CAST project during a participatory action research activity in order to analyse the BM design process of a new organisation based on the cooperation of service providers (the Chambers of Commerce from Italy, Romania, Poland and Bulgaria) with different needs, legal constraints and cultural background.The term "Business Model" started to gain momentum in the early rise of the new economy and it is currently used both in business practice and scientific research. Under a general point of view BMs are considered as a contact point among technology, organization and strategy used to describe how an organization gets value from technology and uses it as a source of competitive advantage. Recent contributions suggest to use ontologies to define a shareable conceptualization of BM. The aim of this study is to investigate the role of BM Ontologies as a conceptual tool for the cooperation of subjects interested in achieving a common goal and operating in complex and innovative environments. This is the case for example of those contexts characterized by the deployment of e-services from multiple service providers in cross border environments. Through an extensive literature review on BM we selected the most suitable conceptual tool and studied its application to the LD-CAST project during a participatory action research activity in order to analyse the BM design process of a new organisation based on the cooperation of service providers (the Chambers of Commerce from Italy, Romania, Poland and Bulgaria) with different needs, legal constraints and cultural background.Uninvited Submission
Le determinanti del rating e del pricing risk adjusted nelle operazioni di project finance
No full textIl processo di identificazione e gestione dei rischi nelle operazioni di project financing. Il rischio di credito nelle operazioni di project financing e il nuovo accordo di Basilea. La definizione di un modello di valutazione del rischio di credito secondo i Rating Grade Slotting Criteria di Basilea. Evidenze empiriche dell'applicazione delle nuove regole di Basilea in materia di project financing.Il processo di identificazione e gestione dei rischi nelle operazioni di project financing. Il rischio di credito nelle operazioni di project financing e il nuovo accordo di Basilea. La definizione di un modello di valutazione del rischio di credito secondo i Rating Grade Slotting Criteria di Basilea. Evidenze empiriche dell'applicazione delle nuove regole di Basilea in materia di project financing.LUISS PhD Thesi