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21.
Francesco Bimbo Alessandro Bonanno Rosaria Viscecchia 《The Australian journal of agricultural and resource economics》2019,63(4):701-725
The mislabelling of agricultural and food products is one of the most common types of food fraud. Despite the frequency with which labelling fraud occurs, there is no empirical framework to study its welfare implications, the probability that it may occur, and the measures that can limit its occurrence. We present an empirical framework to study the economic consequences of food labelling fraud in a differentiated products food market. Such framework requires the availability of sales data and the use of an ‘attribute‐space' demand model. The model is applied to the Italian extra‐virgin olive oil market to simulate the occurrence of fraudulent ‘100 per cent Italian' claims. Our results indicate that potential consumer losses due to overpayments for a false claim are higher than manufacturer gains, suggesting that labelling fraud results in welfare losses and not just in welfare transfers. Simulation results indicate that the level of the current administrative fines is not likely to be effective to discourage ‘100 per cent Italian' labelling fraud. Imposing larger fines or other measures negatively affecting a firm's image could be more effective in deterring labelling fraud. 相似文献
22.
Rosaria Distefano; 《Annals of Public and Cooperative Economics》2024,95(1):225-247
We present a simple agency model with a monopolist lender and an individual facing an occupational choice between entering the labor market as a wage worker and starting a self-managed business. We show that, when the reservation utility is relatively low, the lender may not want to offer any credit contract, so the individual is forced to become a wage worker out of necessity, whereas when the reservation utility is high, the bank may find it profitable to finance the investment project, and the individual can choose to become an entrepreneur out of opportunity. 相似文献
23.
We analyse the effect of human capital obsolescence due to the introduction of technological innovations on the long‐run growth rate, and show that in equilibrium the pace of technical change may be faster than is socially optimal. In such cases, the existence of market imperfections, and their costs for firms, may improve the welfare for the society as a whole. In particular, we assume that firms do not have full information on workers’ skills but can arrange some form of internal training that permits them to acquire the lacking information. Training costs reduce research and development investments by firms and in this way draw the market equilibrium closer to the social optimum. 相似文献
24.
Rosaria Rita Canale 《Review of Political Economy》2013,25(4):557-571
The aim of the paper is to emphasize the importance of the central bank's alternative strategies for macroeconomic equilibrium. Using a constrained maximization process founded on a behavioural equation, we underscore the relevance, for monetary policy, of the assumptions adopted by policymakers regarding how the economic system works. In particular, under a flexible exchange rate regime, the relevant hypotheses are those concerning the supply curve. Under a fixed exchange rate regime the relevant assumptions are those related to the maintenance of the currency agreements and to the internal sustainability of an interest rate setting policy. We demonstrate that these hypotheses define the objective pursued and the strategy followed. Furthermore, if they do not coincide with the actual characteristics of the market, the adjustment dynamics of aggregate income and inflation do not allow convergence toward equilibrium. We use the tools of New Consensus Macroeconomics to discuss the implications of the model and to offer an enhanced analytical framework for teaching intermediate macroeconomics without necessarily adopting the mainstream hypotheses. 相似文献
25.
Maria Rosaria Alfano Anna Laura Baraldi Claudia Cantabene 《The German Economic Review》2019,20(1):105-128
This study advances the literature on the effect of decentralization on corruption by proposing a theoretical motivation for the hypothesis that the corruption‐minimizing decentralization arrangement prescribes intermediate decentralization degrees: a ‘middle’ decision‐making power of local governors may mitigate the tradeoff between the rent‐seeking incentive for local politicians and the effectiveness of their voters’ monitoring. The estimation of a non‐linear empirical model strongly confirms that a decentralization degree between 15% and 21% minimizes corruption even through different estimation procedures, introduction of control variables and the use of internal and external IV and of alternative decentralization and corruption measurements. 相似文献
26.
Eric J. Beh;Rosaria Lombardo; 《Revue internationale de statistique》2024,92(1):17-42
The foundations of correspondence analysis rests with Pearson's chi-squared statistic. More recently, it has been shown that the Freeman–Tukey statistic plays an important role in correspondence analysis and confirmed the advantages of the Hellinger distance that have long been advocated in the literature. Pearson's and the Freeman–Tukey statistics are two of five commonly used special cases of the Cressie–Read family of divergence statistics. Therefore, this paper explores the features of correspondence analysis where its foundations lie with this family and shows that log-ratio analysis (an approach that has gained increasing attention in the correspondence analysis and compositional data analysis literature) and the method based on the Hellinger distance are special cases of this new framework. 相似文献
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28.
Rosaria Rita Canale Paul De Grauwe Pasquale Foresti Oreste Napolitano 《Review of World Economics》2018,154(1):177-201
The recent dynamics characterizing the Eurozone economy suggest the existence of a new policy trilemma faced by its member countries. According to this policy trilemma, there is a trade-off between free capital mobility, financial stability and fiscal policy flexibility. In this paper, we analyze the foundations of such a trade-off and, based on the data for 11 Eurozone countries, present an empirical investigation on the existence of the trilemma. The results highlight the existence of the trade-off, with some differences between member countries. The existence of this trilemma in the Eurozone provides arguments for implementing centralized financial supervision together with fiscal and monetary reforms that should strengthen the currency union. 相似文献
29.
We analyze the anti‐poverty effect of social cash transfers using a micro‐econometric approach. Aggregate analyses, based on comparing average poverty indicators before and after public transfers, fail to address who receives the transfers and how the transfers are distributed among the poor. We consider three dichotomous outcome variables: (i) poverty status before the receipt of transfers; (ii) the receipt of transfers; and (iii) poverty status after the receipt of transfers. We use a trivariate probit model with sample selection, connecting the outcome variables to the characteristics of the household and its head. Our empirical results highlight that the Italian social transfers system overprotects certain household typologies at the expense of others, as social transfers are primarily awarded to employees with permanent positions and the elderly, while the system is not generous enough to large households with dependant children, the self‐employed, temporary contract workers, and the unemployed. 相似文献
30.
The present paper proposes a statistical strategy for the analysis of regional disparities in income poverty. For the EU countries, information on individual income has been collected until now by the European Community Household Panel survey, which only yields reliable estimates for very large regions within countries. In order to obtain reliable estimates for some of the poverty indicators suggested by the Laeken Council at the sub‐national level, we suggest the adoption of a multivariate small area estimation approach which enables us to reduce estimate variability. We concentrate on Italy, the country with the lowest degree of regional cohesion within the EU. Results show that disparity cannot be reduced to the so‐called “North–South divide,” with the “poor” South separated from the “affluent” North, as both these macro‐regions display large internal differences in terms of both poverty level and income inequality. The strategy we propose could also be adopted in order to measure poverty in other European regions, using information produced by the new EU Survey on Income and Living Conditions, which is replacing the European Community Household Panel. 相似文献