1,720,969 research outputs found
Green Consumerism and Firms’ Environmental Behaviour Under Monopolistic Competition: A Two-Sector Model
Full text linkWe investigate the pro-environmental behavior of green firms in a context where consumers value the goods' eco-quality features. We present a two-sector monopolistic competition model with green and brown goods displaying both horizontal and vertical differentiation. Using analytical and quantitative techniques, we derive the optimal eco-quality level selected by green firms and the industry structure both in the short- and long-run equilibrium. We then study the effectiveness of three policy tools (green incentives, the imposition of a minimum quality standard, and green awareness campaigns) with respect to the policymaker's objective of increasing the overall level of greenness, which we measure through a specific indicator. We find that each policy alone is apt to stimulate an increase in the greenness intensity compared to the unregulated equilibrium. Yet, their side effects in terms of market structure and the possibility that the intensity of application of a single tool may hit budgetary, political, or social limits call for a combination of two or more policies to overcome the above limits and get a higher overall level of greenness than that resulting from just one of them
Product differentiation when "Quality is a matter of tastes": the case of corporate social responsibility with asymmetric information
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Migration Responses to Earthquakes. Evidence from Italy
No full textIn this paper, we analyze the migration responses to natural disasters by focusing on the three most devastating earthquakes in Italy in recent decades: L'Aquila 2009, Emilia Romagna 2012, and Central Italy 2016. Using municipality-level data for 2002-2019 and adopting a new difference-in-difference approach with multiple periods and multiple groups, we evaluate the causal effect of these events on internal and international inbound and outbound migration of both Italian and foreign citizens. The results suggest that, despite the massive destruction, there is no evidence that these earthquakes significantly impacted the migration of Italian citizens. We only found evidence of the effect of the earthquake in L'Aquila on the short-distance migration of foreign citizens
Migration Responses to Earthquakes: Evidence from Italy
Full text linkIn this paper, we analyze the migration responses to natural disasters by focusing
on the three most devastating earthquakes in Italy in recent decades: L’Aquila 2009,
Emilia Romagna 2012, and Central Italy 2016. Using municipality-level data for 2002–
2019 and adopting a new difference-in-difference approach with multiple periods
and multiple groups, we evaluate the causal effect of these events on internal and
international inbound and outbound migration of both Italian and foreign citizens. The
results suggest that, despite the massive destruction, there is no evidence that these
earthquakes significantly impacted the migration of Italian citizens. We only found
evidence of the effect of the earthquake in L’Aquila on the short-distance migration
of foreign citizens
Access to credit and economic complexity. Evidence from Italian provinces
Full text linkThis paper focuses on the relationship between "urbanization economies" and access to bank credit by assessing the role of product variety and economic complexity in affecting local credit market conditions. Using quarterly data on Italian provinces for 2008-2018 and adopting a dynamic (spatial) econometric approach, the work provides robust evidence highlighting how local economic complexity reduces the barriers to accessing local credit markets. With a greater "qualified" diversification (higher economic complexity), banks access successful projects with greater probability and are more willing to grant credit. The estimation results also reveal the existence of long-run spatial spillover effects. The empirical findings advocate for a nuanced and context-specific policy framework. By embracing place-based and mission-oriented policies encouraging diversification and knowledge diffusion, regions can enhance their economic resilience and provide tailored support to businesses, ensuring their stability and growth even in the face of challenging credit conditions
Corporate social responsability and profit maximizing behaviour
Full text linkWe examine the behavior of a profit maximizing monopolist in a horizontal differentiation model in which consumers differ in their degree of social responsibility (SR) and consumers SR is dynamically influenced by habit persistence. The model outlines parametric conditions under which (consumer driven) corporate social responsibility is an optimal choice compatible with profit maximizing behavior
Consumer driven market mechanisms to fight inequality: the case of CSR/product differentiation models with asymmetric information
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