176 research outputs found

    Fiscal policy response of local governments to floods in Italy

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    This paper aims at empirically testing the dynamics of budget outcomes of Italian municipalities in the aftermath of floods, by accounting for heterogeneous levels of resilience and vulnerability to natural disasters. Our findings, based on a dynamic difference-in-difference after propensity score matching, point to substantial impacts in terms of increased capital expenditure and revenues from transfer, which also depend on the degree of resilience and vulnerability. Through our analysis we account for multiple aspects of risk so we can support policy decisions related to both ex-ante and ex-post disaster occurrence management

    The public finance response to floods of local governments in Italy

    No full text
    This paper aims to empirically test the dynamics of budget outcomes of Italian municipalities in the aftermath of floods by accounting for heterogeneous levels of resilience and vulnerability to natural disasters. Our findings are based on a dynamic difference-in-differences model after propensity score matching. They point to substantial impacts in terms of increased capital expenditure and revenues from transfers, which depend on the degree of resilience and vulnerability. Through our analysis, we account for multiple aspects of risk to support policy decisions related to both ex-ante and ex-post disaster occurrence management

    Peer to Consumer Lending

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    Peer to consumer lending represents an alternative form of financing characterized, within the crowdfunding genus, by the collecting of credit offers to be matched with borrowing demand through a digital platform. The essay focuses on legal analysis of some aspects of the structure and the functioning of lending marketplaces operating in the sector at stake. The Author argues how this business model – especially when the phenomenon involves consumers and, more generally, non-professionals counterparts – may be critical as regards to the classical cathegories and concepts ruling the lending/borrowing discourse

    La proposta di regolamento MiCA e la disciplina delle pratiche commerciali scorrette

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    The most part of European and domestic supervisory authorities have underlined the likelihood that either the issuing and the negotiation of cryptoassets may be the final outcome of unfair and deceptive commercial practices. The discipline laid down by the Directive 2005/29/ CE – now expressely recalled by the MiCAR Proposal – seems to be crucial for the best functioning of the market at stake. The Author stresses how the interplay between «horizontal» and «vertical» measures needs the interpreters play a pivotal role, in order to grant the best understanding of the circumstances of the case as well as the best using of the «professional diligence» general clause

    Disciplina generale delle obbligazioni e sovraindebitamento

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    The essay compares the law of obligations and the law of over-indebtedness with the aim of examining whether and to what extent they interact. To this end, the Author highlights the diversity of assumptions and effects -which is first and foremost a diversity of perspective-between them and then clarifies their relationship in terms of alternativity and self-sufficiency. On these premises, it is argued that despite the reported differences, the over-indebtedness rules are capable of changing the face of the obligation in more than one respect. In particular, the possibility of a fresh start offered to “any debtor” undermines the idea of an essentially enforceable bond and marks the demise of the Civil Code obligation as the prototype of market relations

    Technical and Economic Efficiency of Vine Pruning: Results of Experimental Trials of Some Cultivars of Grapevine Grown in Sicily and Determination of Break-even Point

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    The research presents the results carried out on Sicilian viticulture in order to study the economic sustainability of the agricultural company. In particular, the author examined the operation of dry pruning and tying of the fruiting head in espalier vineyards with tools that facilitate the work. The economic analysis highlights that equipping yourself with mechanical tools that facilitate work is convenient for both large and small wineries. The results of the research highlight that the investment to facilitate pruning and tying in Guyot-trained vineyards can also be made by wine-growing companies and is increasingly convenient as the area under vines involved increases
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