Title:Social Capital as Good Culture
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract: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 ...
Title:Social Networks and the Process of “Globalization”
Author(s):DUERNECKER, Georg; VEGA-REDONDO, FernandoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We propose a stylised dynamic model to understand the role of social networks in the phenomenon we call “globalization.” This term refers to the process by which even agents who are geographically far apart come to interact, ...
Title:Social Security and Risk Sharing
Author(s):GOTTARDI, Piero; KUBLER, FelixDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Social Security and Risk Sharing
Piero Gottardi
Felix Kubler
Abstract
In this paper we identify conditions under which the introduction of a pay-as-you-go social security system is ex-ante Pareto-improving in a stochastic ...
Title:Specification tests for the distribution of errors in nonparametric regression: a martingale approach
Author(s):MORA, Juan; PEREZ-ALONSO, AliciaDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:We discuss how to test whether the distribution of regression errors belongs to a
parametric family of continuous distribution functions, making no parametric
assumption about the conditional mean or the conditional ...
Title:Stability Properties in a Growth Model
Author(s):PELLONI, Alessandra; WALDMANN, RobertDate:1997Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Stakeholder Capitalism, Corporate Governance and Firm Value
Author(s):ALLEN, Franklin; CARLETTI, Elena; MARQUEZ, RobertDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In countries such as Germany, the legal system is such that firms are necessarily stakeholder oriented. In others like Japan social convention achieves a similar effect. We analyze the advantages and disadvantages of ...
Title:Stakeholder Capitalism, Corporate Governance and Firm Value
Author(s):ALLEN, Franklin; CARLETTI, Elena; MARQUEZ, RobertDate:2009-09-01Type of Publication:Working PaperSeries/Report no.:Wharton Financial Institutions CenterAbstract:In countries such as Germany, the legal system ensures that firms are stakeholder oriented. In others, like Japan, social norms achieve a similar effect. We analyze the advantages and disadvantages of stakeholder-oriented ...