The Economics of Imperfect Markets
The Effects of Market Imperfections on Economic Decision-Making
Herausgegeben: Calcagnini, Giorgio; Saltari, Enrico
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This book is one of the ?nal products of a research project on the effects of market imperfectionson economic behavior and decisions. The project was put together by four Italian universities (Universita ` di Roma Tor Vergata and La Sapienza U- versita ` Cattolica del Sacro Cuore Piacenza and the Universita ` di Urbino Carlo Bo ) in 2005 and funded by the Italian Ministry of Higher Education and Research for the period 2006 2007. The research title of the project Corporate governance, ?nancial systems and ?rms performances was indicative of its agenda: to inv- tigate the role of market imperfe...
This book is one of the ?nal products of a research project on the effects of market imperfectionson economic behavior and decisions. The project was put together by four Italian universities (Universita ` di Roma Tor Vergata and La Sapienza U- versita ` Cattolica del Sacro Cuore Piacenza and the Universita ` di Urbino Carlo Bo ) in 2005 and funded by the Italian Ministry of Higher Education and Research for the period 2006 2007. The research title of the project Corporate governance, ?nancial systems and ?rms performances was indicative of its agenda: to inv- tigate the role of market imperfections and their interactions on ?rms decisions. In 2006 (May 12) the research group held the ?rst conference at the Universita ` di Urbino where intermediate results were ?rst presented and discussed with o- standing scholars from US, UK, and Italian universities, and the European Central Bank. The book reproduces the papers presented at the Universitad ` iRoma La Sapienza conference (May 16 17 2008) and is organized in two parts. The ?rst one discusses imperfectionsthat are mainly related to the working of ?nancial m- kets. The second part includes contributions which focus on different topics of real market imperfections. We wish to thank Steve Nickell, Philip Vermeulen and all the participants at the Urbino and Rome conferences who made both events extremely productive with their scienti?c contributions. We are especially grateful to Bob Chirinko who p- ticipatedinbothconferencesandconstantlyencouragedustocarryoutourscienti?c project on the economics of imperfect markets.
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