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CSEF - Center for Studies in Economics and Finance

#489, Andrew Ellul, Marco Pagano, and Annalisa Scognamiglio, Career Risk and Market Discipline in Asset Management

#488, Andrea Bellucci, Luca Pennacchio and Alberto Zazzaro, Public R&D Subsidies: Collaborative versus Individual Place-Based Programs for SMEs

#487, Lorenzo Pandolfi and Tomas Williams, Capital Flows and Sovereign Debt Markets: Evidence from Index Rebalancings , Published on Journal of Financial Economics, 2019, 132(2), 384-403

#486, Carlo Altavilla, Miguel Boucinha, and José-Luis Peydró, Monetary Policy and Bank Profitability in a Low Interest Rate Environment

#485, Sergio Beraldo, An Impossibility Result on Nudging Grounded in the Theory of Intentional Action

#484, Decio Coviello, Immacolata Marino, Tommaso Nannicini and Nicola Persico, Direct Propagation of a Fiscal Shock: Evidence from Italy’s Stability Pact

#483, Ethan Ilzetzki and Saverio Simonelli, Measuring Productivity Dispersion: Lessons From Counting One-Hundred Million Ballots

#482, Gülen Karakoç, Marco Pagnozzi and Salvatore Piccolo, The Value of Transparency in Dynamic Contracting with Entry

#481, Kati Kraehnert , Tilman Brück , Michele Di Maio and Roberto Nisticò, The Effects of Conflict on Fertility: Evidence from the Genocide in Rwanda , Published in Demography, 2019, 56 (3): 935-968.

#480, Marco Pagano and Luca Picariello, Talent Discovery, Layoff Risk and Unemployment Insurance

#479, Vincenzo Atella, Edoardo Di Porto and Joanna Kopinska, Heterogenous Mechanisms in WWII Stress Transmission: Evidence from a Natural Experiment

#478, Rosario Crino, Giovanni Immordino and Salvatore Piccolo, Marginal Deterrence at Work , Published in Journal of Economic Behavior & Organization, 2019, 166, 586-612

#477, Paolo Buccirossi, Giovanni Immordino, and Giancarlo Spagnolo, Whistleblower Rewards, False Reports, and Corporate Fraud

#476, Francesco Caruso, Maria Carmela Ceparano and Jacqueline Morgan, Subgame Perfect Nash Equilibrium: A Learning Approach Via Costs to Move , Accepted for publication in Dynamic Games and Applications
This paper was previously circulated with the title “Proximal Approach in Selection of Subgame Perfect Nash Equilibria”

#475, Marco Pagnozzi and Krista J. Saral, Entry by Successful Speculators in Auctions with Resale , Published in Experimental Economics, June 2019, Volume 22, pp. 477–505

#474, Federico Belotti, Edoardo Di Porto and Gianluca Santoni, Spatial Differencing: Estimation and Inference

#473, Giuseppe Russo and Francesco Salsano, Electoral Systems and Immigration

#472, Andrew Ellul and Marco Pagano, Corporate Leverage and Employees’ Rights in Bankruptcy

#471, Francesco Caruso, Maria Carmela Ceparano and Jacqueline Morgan, Uniqueness of Nash Equilibrium in Continuous Weighted Potential Games , Published in Journal of Mathematical Analysis and Applications, 2018, 459(2), pp. 1208-1221, DOI:

#470, Giovanni Immordino, Gülen Karakoç-Palminteri and Salvatore Piccolo, Terrorism, Counterterrorism and Optimal Striking Rules , Published in Revue Economique (2018, 69, 949-972), with the title "The Economics of Counterinsurgency: An Asymmetric Information Approach"

#469, Robert P. Gilles, Marialaura Pesce and Dimitrios Diamantaras, The Provision of Collective Goods Through a Social Division of Labour

#468, Cristian Barra, Ornella Wanda Maietta and Roberto Zotti, First, Second and Third Tier Universities: Academic Excellence, Local Knowledge Spillovers and Innovation in Europe , Published with the title "Academic Excellence, Local Knowledge Spillovers and Innovation in Europe" in Regional Studies, doi:

#467, Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli, Luigi Pistaferri and Maarten van Rooij, Asymmetric Consumption Effects of Transitory Income Shocks , Forthcoming in The Economic Journal

#465, Dimitris Christelis, Michael Ehrmann and Dimitris Georgarakos, Exploring Differences in Household Debt Across the United States and Euro Area Countries

#464, Facundo Alvaredo, Anthony B. Atkinson and Salvatore Morelli, Top Wealth Shares in the UK over more than a Century , Published in Journal of Public Economics, June 2018, 162: 26-47

#463, Brunella Bruno, Alexandra D’Onofrio and Immacolata Marino, Financial Frictions and Corporate Investment in Bad Times. Who Cut Back Most?

#462, Brunella Bruno, Alexandra D’Onofrio and Immacolata Marino, Determinants of Bank Lending in Europe and the US. Evidence from Crisis and Post Crisis Years