1,814 research outputs found

    Super Partes? Assessing the Effect of Judicial Independence on Entry

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    Incumbents can enjoy a cost advantage vis-à-vis new entrants and so deter new firm entry by establishing and leveraging connections with the judicial system. Connected firms may in fact avoid fully complying with the costly norms implied by a law, a regula- tion, or a contract. At the same time, they can also credibly threaten to sue new entrants. Therefore, a change in the institutional environment that diminishes the ability of incum- bent firms to establish judicial connections—i.e., an increase in judicial independence— can promote entrepreneurship. Exploiting reforms that change the way in which U.S. state judges are selected, we confirm that this is the case, and we show that this effect is more salient in states and industries where the likelihood of entering into a business dispute is higher. The paper also sheds some light on the mechanisms behind this effect

    L'ambiente: dalle teorie economiche al management

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    Il presente testo si propone di studiare i problemi ambientali nel contesto delle principali teorie economiche micro e macro e del management - che nel complesso costituiscono il corpus teorico fondamentale dell’economia ambientale -, tenendo altresì in considerazione quelle fonti normative che trovano nella tutela dell’ambiente la loro principale ragion d’essere. Quanto inquinamento siamo disposti ad accettare? Occorre tolleranza zero per i delitti ambientali? Quand’è che i delitti ambientali saranno considerati come delitti di lesa umanità? Perché dover dare un valore economico alla vita umana? Sono queste le domande centrali di partenza del libro e alle quali gli autori tentano di dare risposta

    Super Partes? Assessing the Effect of Judicial Independence on Entrepreneurship

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    We study whether judicial independence from business interest groups promotes entrepreneurship. We argue that more judicial independence, by ensuring that courts do not favor connected parties in business disputes, induces more entry of new firms, as they face a lower risk of expropriation by powerful incumbents. In turn, this triggers the exit of established and less efficient firms, and, as a result, enhances the overall economy. In order to identify the effect of judicial independence on the outcomes of interest, we exploit exogenous longitudinal variations in the judicial selection system in U.S. states between 1977 and 2011. Empirical results broadly support our hypotheses

    The radical right in Europe, between slogans and voting behavior. IHS Political Science Series No. 123, July 2011

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    The paper analyzes the radical right‘s attitudes toward the EU focusing in particular on the level of congruence between the programmatic statements of the central office and the voting behavior of their MEPs. It shows that although radical right parties represent a source of opposition to the EU, within the EP they express their dissent making use of the rules of the game, voting with the opposition more than the other forces do, but voting almost as much with the majority. The party public office in the EP is inserted in the legislative process and even more collusive with the other parties of both sides of the political spectrum than the Eurosceptical rhetoric and statements of central office makes the public believe

    Direttiva IPPC-IED e il problema delle implementazione delle BAT nell'Unione Europea

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    L'articolo esamina in modo critico la policy ambientale della direttiva IPPC-IED, (Integrated Pollution Prevention Control – Industrial Emission Directive), ed in particolar modo, gli aspetti di attuazione delle BAT (Best Available Technologies). Quest’ultime sono indicate in fase di autorizzazione IPPC per garantire un’economia a basso impatto ambientale, sia in termini di inquinamento e sia in termini di consumo delle risorse

    Un cattivo sovrano in Polluce

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    Julius Pollux, lexicographer in Athens under the emperor Commodus, devotes a chapter of the Onomasticon to a bad emperor. Many references are in the works of greeks historians, especially of Cassius Dio, contemporary of Julius Pollux

    The carbon market and its efficiency

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    This paper overviews the efficiency of the European carbon market EU-ETS (European Union Emission Trading System or Scheme) connected with projects JI (Joint Implementation) and CDM (Clean Development Mechanism). As known, these three flex mechanisms enable industries to earn emission reduction credits to be traded on the market. The aim of this paper is to highlight some relevant problems such us price volatility, environmental integrity, financial tools, etc., present since the Kyoto Protocol came into force in 2005. These aspects are here fully debated. The conclusion supports the idea that the CDM and JI projects have little connection with the principle of environmental sustainabilit
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