Auflistung LIF-SAFE Working Papers nach Autor "Gioffré, Alessandro"
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Asymmetric Social Norms
Camera, Gabriele; Gioffré, Alessandro (2017-01-10)Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is efficient and any defection is collectively sanctioned. Here we study heterogeneous economies where ... -
Austerity, Fiscal Uncertainty, and Economic Growth: Insights from Fiscally Weak EU Countries
Curatola, Giuliano; Donadelli, Michael; Gioffré, Alessandro; Grüning, Patrick (2014-08-08)Recent empirical evidence suggests that during the last years fiscally weak European countries significantly cut their R&D budgets in an effort to reduce their deficit, according to the spirit of the Fiscal Compact. We ... -
Game-Theoretic Foundations of Monetary Equilibrium
Camera, Gabriele; Gioffré, Alessandro (2013-09-30)Monetary theorists have advanced an intriguing notion: we exchange money to make up for a lack of enforcement, when it is difficult to monitor and sanction opportunistic behaviors. We demonstrate that, in fact, monetary ... -
Pricing Sin Stocks: Ethical Preference vs. Risk Aversion
Colonnello, Stefano; Curatola, Giuliano; Gioffré, Alessandro (2018-06-14)We develop a model that reproduces the average return and volatility spread between sin and non-sin stocks. Our investors do not necessarily boycott sin companies. Rather, they are open to invest in any company while trading ...