1,721,218 research outputs found

    I mercati finanziari delle materie prime agricole: sostenibilità e cointegrazione

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    Negli ultimi dieci anni il prezzo dei prodotti agricoli è stato soggetto ad ampie fluttuazioni e ha visto incrementare la sua volatilità. Proprio la volatilità nel mercato delle commodities agricole ha destato grande interesse perché i prezzi dei prodotti alimentari influenzano il numero di persone che vi hanno accesso. Differenti studi circa le cause di queste fluttuazioni hanno raggiunto differenti conclusioni. Alcuni studiosi, seguendo l’ipotesi di Masters, hanno indicato l’incremento dell’attività speculativa come la determinante di tali fluttuazioni. Altri, invece, si sono mostrati critici verso tale ipotesi indicandone i punti deboli. La tesi intende verificare l’esistenza di un legame tra i prezzi futures del grano e alcune variabili speculative. Implementando una analisi di cointegrazione, si mostra come non sia possibile evidenziare in modo chiaro un legame diretto tra speculazione, aumento dei prezzi e volatilità dei mercati: ciò anche perché la presenza di operatori professionali favorisce un migliore funzionamento dei mercati, aumentandone la liquidità al punto che si può affermare che la mancanza di speculazione metterebbe a rischio l’esistenza stessa del mercato.In the last ten years, the price of raw materials showed wide fluctuation and an increase in volatility. The volatility in the agricultural commodity market has aroused greatest interest because the prices of food commodities influence the survival of the people. Different studies have led different conclusions about the causes of these fluctuations. Some, following the Masters hypothesis, indicate in the increase of the speculative activity the determinant of such fluctuations. Others, instead, are critically and reported the inconsistencies of Masters hypothesis. The thesis, intend to verify if there exist a co-implication between wheat futures price and some financial speculative variables. Implementing a cointegration analysis it is not possible to clearly highlight a direct link between speculation, price growth and market volatility: this is also because the presence of professionals favors a better functioning of the market - incensing liquidity, to the point that the lack of speculation would put the very existence of the market at risk

    Review of Danilo Leone, Maria Turchiano, Liburna 1. Archeologia subacquea in Albania. Porti, approdi e rotte marittime, Edipuglia, Bari 2017

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    Review of Maddalena Bassani of the book by Danilo Leone, Maria Turchiano, “Liburna 1. Archeologia subacquea in Albania. Porti, approdi e rotte marittime”, Edipuglia, Bari 2017, pp. 384

    La grafica editoriale liberty in Sicilia (1897 -1925)

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    Nel quadro di un volume collettaneo teso a documentare il clima culturale, sociale ed artistico della “stagione del liberty” in Sicilia, questo saggio breve traccia le linee di una ricerca mai fatta in precedenza sulla grafica editoriale tra la fine del 1800 e i primi decenni del 1900. La difficoltà consiste nel rintracciare ciò che è stato realizzato sull’isola e ciò che, invece, prodotto al di fuori di questa, è comunque espressione del genio di artisti e personalità siciliane. Il confine è sottile e difficile da definire. Il risultato, quindi, è un ritratto non di una vera e propria scuola siciliana, ma di varie personalità di singolare bravura ed estro, la cui espressione artistica si è svolta in parte sull’isola, in parte fuori da essa

    Licensing as a Tool to Encourage Technology Transfer from Space

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    The theme of technology transfer from Space has been extensively discussed over the years, and has shown some promising results in programs such as the NASA and ESA Technology Transfer Programs. However, similar efforts have not been replicated to date in other research centres, and especially in most private firms. Therefore exploring means which could stimulate the industry to participate in technology transfer initiatives could further improve the ability of space programs to make a difference on Earth. An increasing number of universities, research centres and private companies are using licensing as a means to transfer technologies between different sectors and to find new applications for existing technologies. Often, these transferred technologies are being taken on board by start-ups who wish to tackle new markets. This practice can be very interesting also in the space sector, where technologies are often pushed to the limit in terms of reliability and efficiency, and can have applications in very different industrial and service sectors. In general, there is currently a very large diversity in the licensing practices which are being implemented both in the Space sector and elsewhere, and it’s not always clear what their impact is on the start-ups taking the license on board. This paper discusses best practices to ensure that technology licensing between a licensor and a start-up can bring advantages to both parties involved. Using multiple case studies a first attempt is made to understand the licensing process towards start-ups, evaluating the difficulties faced by these firms and how they can be overcome. The study is based on a sample of European Start-ups, all born with licensing agreements for a technology, some of which originate from the space sector (in particular the ESA Technology Transfer Program), while others come from different sectors, and this enables also to draw on best practices from a variety of settings. Interviews with these start-ups have enabled us to reflect on different factors such as the role of the licensed technology in the final product/service of the firm, the role of the knowledge possessed by the founding team, the role of different contractual clauses and the role of the relationship between the licensor and the licensee, identifying the advantages and disadvantages they presented for both parties
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