7 March 2013

The GAS as Laboratories of Civil Economy

For four years we have been witnessing the biggest global economic crisis since the end of World War II. It is a systemic crisis that is […]
1 March 2013

119 – The impact of the French Tobin tax

Abstract We analyse the impact of the introduction of the French Tobin tax on volumes, liquidity and volatility of a ected stocks with parametric and non […]
15 February 2013

117 – Employer moral hazard, wage rigidity and worker cooperatives: A theoretical appraisal

Abstract We argue that in a capitalist enterprise the need to fix wages is crucially influenced by the asymmetric distribution of decision-making power, which can entail […]
14 February 2013

118 – Employer moral hazard and wage rigidity

Abstract The standard explanation of wage rigidity in principal agent and in efficiency wage models is related to worker risk-aversion. However, these explanations do not consider […]