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Browsing ECO Articles by Author "GUISO, Luigi"
Now showing items 1-8 of 8
Title:What Determines Entrepreneurial Clusters?
Author(s):GUISO, Luigi; SCHIVARDI, FabianoDate:2011Type of Publication:ArticleAbstract:We contrast two potential explanations of the substantial differences in entrepreneurial activity observed across geographical areas: entry costs and external effects. We extend the Lucas model of entrepreneurship to allow ...
Title:The Structure of Multiple Credit Relationships: Evidence From US Firms
Author(s):GUISO, Luigi; MINETTI, RaoulDate:2010Type of Publication:ArticleAbstract:When firms borrow from multiple concentrated creditors such as banks they appear to differentiate their allocation of borrowing. In this paper, we put forward hypotheses for this borrowing pattern based on incomplete ...
Title:Cultural Biases in Economic Exchange?
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2009Type of Publication:ArticleAbstract:How much do cultural biases affect economic exchange? We answer this question by using data on bilateral trust between European countries. We document that this trust is affected not only by the characteristics of the ...
Title:Risk Aversion, Wealth, and Background Risk
Author(s):GUISO, Luigi; PAIELLA, MonicaDate:2008Type of Publication:ArticleAbstract:We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay for a risky security. We relate this measure to consumer's endowments and attributes ...
Title:Alfred Marshall lecture: social capital as good culture
Author(s):GUISO, Luigi; SAPIENZA, Paolo; ZINGALES, LuigiDate:2008Type of Publication:ArticleAbstract:To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. ...
Title:Trusting the Stock Market
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2008Type of Publication:ArticleAbstract:We study the effect that a general lack of trust can have on stock market participation. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function of the ...
Title:Spillovers in Industrial Districts
Author(s):GUISO, Luigi; SCHIVARDI, FabianoDate:2007Type of Publication:ArticleAbstract:We study the role of social interaction (SI) in determining firms’ employment adjustments in industrial districts. We assume that SI matters only among firms that are both similar and geographically close. Our first test ...