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Gianluca Femminis

Author's books

Education, Mismatch and Unemployment digital
format: Article | RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2019 - 3
Year: 2019
We study an economy where the labour market is plagued with search imperfections and is segmented along a set of professions.
€ 6.00
Risk aversion heterogeneity and the investment-uncertainty relationship: a closed-form formulation digital
format: Article | RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2014 - 3
Year: 2014
A simple dynamic general-equilibrium model of savings and investment is populated by agents with Kreps-Porteus preferences. Households are heterogeneous in their risk aversion, which explains the negative relationship between aggregate investment and aggregate volatility...
€ 6.00
Spillovers, Disclosure Lags, and Incentives to Innovate: Do Oligopolies Over-Invest in R&D? digital
format: Article | RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2010 - 1
Year: 2010
We develop a dynamic duopoly, in which firms have to take into account a technological externality, which reduces their innovation costs over time, and an inter-firm spillover, which lowers only the second comer’s R&D costs. This spillover exerts its effect after a disclosure lag. We identify three possible equilibria, which are classified according to the timing of R&D investments, as early, intermediate, and late. The intermediate equilibrium is subgame perfect for a wide parameter range. When the size of the innovation is large, it implies under-investment. Hence, even in the presence of a moderate degree of inter-firm spillover, the competitive equilibrium calls for public policies aimed at increasing the research activity. Focusing on minor innovations – the case in which according to earlier literature the market outcome implies sub-optimal investment levels – our results imply that policies aimed at stimulating R&D have to be less sizeable than suggested before. Key words: R&D, Knowledge spillover, Dynamic oligopoly. JEL Classification: L13, L41, O33.
€ 6.00
Public debt and redistribution: the role of imperfect capital markets digital
format: Article | RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2001 - 1
Year: 01/2001
€ 6.00
Endogenous growth in a model of monopolistic competition with blockaded entry digital
format: Article | RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 1997 - 2
Year: 04/1997
€ 6.00
Ricardo e le «macchine»: una riformulazione matematica digital
format: Article | RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 1993 - 2
Year: 04/1993
€ 6.00