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University of Salerno
(29 results)-
White Papers
A Graphical PIN Authentication Mechanism for Smart Cards and Low-Cost Devices
June 5, 2008, 12:00am PDT
Passwords and PINs are still the most deployed authentication mechanism, although they suffer of relevant and well known weakness. The protection of passwords is a classical branch of research in...
Provided by University of Salerno
-
White Papers
Investment In Financial Literacy And Saving Decisions
January 1, 2011, 12:00am PST
The authors present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to...
Provided by University of Salerno
-
White Papers
Mirrlees Meets Laibson: Optimal Income Taxation With Bounded Rationality
December 1, 2010, 12:00am PST
This paper studies an optimal taxation problem in a dynamic economy inhabited by individuals who differ in productivity (as in Kocherlakota, 2006) and in the short-term discount factor. The...
Provided by University of Salerno
-
White Papers
Mixed Markets With Public Goods
October 1, 2010, 12:00am PDT
The authors use a mixed market model for analyzing economies with public projects in which the condition of perfect competition is violated. They discuss core-equivalence results in the general...
Provided by University of Salerno
-
White Papers
Legal Institutions, Innovation And Growth
July 1, 2010, 12:00am PDT
The authors build a stylized model of endogenous technological change and analyze the relationship between legal institutions, innovation and growth. Two legal systems are analyzed: a rigid...
Provided by University of Salerno
-
White Papers
Tax Evasion And Community Effects In Italy
June 1, 2010, 12:00am PDT
The author proposes an analysis of tax evasion in Italy using the data collected by the website evasori.info. This site collects reports by random internet users of the transactions in which they...
Provided by University of Salerno
-
White Papers
Fairness Properties Of Constrained Market Equilibria
January 1, 2010, 12:00am PST
This paper studies the notion of fairness in pure exchange economies involving uncertainty and asymmetric information. The authors propose a new concept of coalitional fair allocation in order to...
Provided by University of Salerno
-
White Papers
Estate Taxation And Intergenerational Transfers
October 1, 2010, 12:00am PDT
The authors estimate the effect of estate taxation on bequests exploiting a sequence of Italian reforms culminating with the reduction of estate taxes in 1999 and their abolishment in 2001. They...
Provided by University of Salerno
-
White Papers
Credit Ratings Failures And Policy Options
November 1, 2009, 12:00am PDT
This paper examines the role of credit rating agencies in the subprime crisis, which was at the outset of the 2007-08 financial turmoil. The focus of the paper is on two aspects of ratings that...
Provided by University of Salerno
-
White Papers
International Comovements, Business Cycle And Inflation: A Historical Perspective
June 1, 2009, 12:00am PDT
Using a dynamic factor model, the authors uncover four main empirical regularities on international co-movements in a long-run panel of real and nominal variables. First, the contribution of world...
Provided by University of Salerno
-
White Papers
The Effects Of Monetary Policy On Unemployment Dynamics Under Model Uncertainty. Evidence From The US And The Euro Area
June 1, 2009, 12:00am PDT
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in...
Provided by University of Salerno
-
White Papers
Political Intergenerational Risk Sharing
March 1, 2009, 12:00am PST
In a stochastic two-period OLG model, featuring an aggregate shock to the economy, ex-ante optimality requires intergenerational risk sharing. The authors compare the level of time-consistent...
Provided by University of Salerno
-
White Papers
Institutional Trades And Herd Behaviour In Financial Markets
February 1, 2009, 12:00am PST
The paper studies the impact of transaction costs on the trading strategy of informed institutional investors in a sequential trading market where traders can choose to transact a large or a small...
Provided by University of Salerno
-
White Papers
Financial Literacy And Portfolio Diversification
January 1, 2009, 12:00am PST
In this paper the authors focus on poor financial literacy as one potential factor explaining lack of portfolio diversification. They first propose test-based indicators of financial literacy and...
Provided by University of Salerno
-
White Papers
Households' Indebtedness And Financial Fragility
September 1, 2010, 12:00am PDT
The paper studies the determinants of international differences in household indebtedness, and inquires whether indebtedness is associated with increased "Financial fragility", as measured by the...
Provided by University of Salerno
-
White Papers
The Impact Of Banking Development On The Size Of The Shadow Economy
October 1, 2008, 12:00am PDT
This paper employs data on 119 countries for the period 1999/2000 to 2004/2005 to examine the impact of banking development on the size of shadow economies. The main results indicate that an...
Provided by University of Salerno
-
White Papers
Inheritance Law And Investment In Family Firms
November 1, 2009, 12:00am PDT
Entrepreneurs may be constrained by the law to bequeath a minimal stake to non-controlling heirs. The size of this stake can reduce investment in family firms, by reducing the future income they...
Provided by University of Salerno
-
White Papers
Financial Integration And Consumption Smoothing
July 1, 2008, 12:00am PDT
The authors present a new empirical strategy for testing if financial integration improves risk sharing opportunities and consumption smoothing. The test is based on a decomposition of the...
Provided by University of Salerno
-
White Papers
Financial Market Integration Under EMU
April 1, 2008, 12:00am PDT
This paper provides an account of how the process of financial integration has promoted financial development in the euro area. It starts by defining financial integration and how to measure it,...
Provided by University of Salerno
-
White Papers
Delegation And R&D Spending: Evidence From Italy
January 1, 2008, 12:00am PST
This paper is to make a step forward in this direction. The authors use a sample of Italian manufacturing collected in surveys distributed in 1997, 2000 and 2003 by an Italian investment bank,...
Provided by University of Salerno
-
White Papers
Does Publicity Affect Competition? Evidence From Discontinuities In Public Procurement Auctions
January 1, 2008, 12:00am PST
Calls for tenders are the natural devices to inform bidders, thus to enlarge the pool of potential participants. The authors exploit discontinuities generated by the Italian Law on tender's...
Provided by University of Salerno
-
White Papers
Discounting And Expropriation Risk
May 1, 2007, 12:00am PDT
This paper investigates the association between discounting and risk of expropriation and provides the theoretical conditions that make a positive association consistent with rationality....
Provided by University of Salerno
-
White Papers
Stock Market Development And Economic Growth: A Matter Of Information Dynamics
September 1, 2006, 12:00am PDT
This paper is to provide further insights into the linkages between stock market development and economic growth. When it is not possible to distinguish between investment projects with different...
Provided by University of Salerno
-
White Papers
Endogenous Corruption And Tax Evasion In A Dynamic Model
October 1, 2006, 12:00am PDT
When the government provides public services necessary to production tax evasion results in some degree of income redistribution which may imply a higher or a lower level of aggregate income in...
Provided by University of Salerno
-
White Papers
Sustainable Development Planning In Kosovo
July 14, 2006, 12:00am PDT
Over the centuries, the land called Kosovo has been home to many peoples. Often serving as a buffer between hostile groups, it reached its peak as a European political and cultural centre under...
Provided by University of Salerno
-
White Papers
User Privacy in Transport Systems Based on RFID e-Tickets
September 22, 2008, 12:00am PDT
Recently, operators of public transportation in many countries started to roll out electronic tickets (e-tickets). E-tickets offer several advantages to transit enterprises as well as to their...
Provided by University of Salerno
-
White Papers
A Distributed Implementation of the Certified Information Access Service
July 10, 2008, 12:00am PDT
In this paper, the authors consider the problem of securely outsourcing computation on private data. They present a protocol for securely distributing the computation of the data structures used...
Provided by University of Salerno
-
White Papers
Improved Security Notions and Protocols for Non-Transferable Identification
July 11, 2008, 12:00am PDT
Different security notions and settings for identification protocols have been proposed so far, considering different powerful adversaries that can play "Man-in-the-middle" attacks. In this paper,...
Provided by University of Salerno
-
White Papers
Universally Composable Secure Computation With (Malicious) Physically Uncloneable Functions
April 9, 2012, 12:00am PDT
The use of Physically Uncloneable Functions (PUFs) in Cryptography is a recent breakthrough that has caught the interest of both theoreticians and practitioners. A major step towards understanding...
Provided by University of Salerno
-
White Papers
Universally Composable Secure Computation With (Malicious) Physically Uncloneable Functions
April 9, 2012, 12:00am PDT
The use of Physically Uncloneable Functions (PUFs) in Cryptography is a recent breakthrough that has caught the interest of both theoreticians and practitioners. A major step towards understanding...
Provided by University of Salerno
-
White Papers
Improved Security Notions and Protocols for Non-Transferable Identification
July 11, 2008, 12:00am PDT
Different security notions and settings for identification protocols have been proposed so far, considering different powerful adversaries that can play "Man-in-the-middle" attacks. In this paper,...
Provided by University of Salerno
-
White Papers
A Distributed Implementation of the Certified Information Access Service
July 10, 2008, 12:00am PDT
In this paper, the authors consider the problem of securely outsourcing computation on private data. They present a protocol for securely distributing the computation of the data structures used...
Provided by University of Salerno
-
White Papers
User Privacy in Transport Systems Based on RFID e-Tickets
September 22, 2008, 12:00am PDT
Recently, operators of public transportation in many countries started to roll out electronic tickets (e-tickets). E-tickets offer several advantages to transit enterprises as well as to their...
Provided by University of Salerno
-
White Papers
Sustainable Development Planning In Kosovo
July 14, 2006, 12:00am PDT
Over the centuries, the land called Kosovo has been home to many peoples. Often serving as a buffer between hostile groups, it reached its peak as a European political and cultural centre under...
Provided by University of Salerno
-
White Papers
Endogenous Corruption And Tax Evasion In A Dynamic Model
October 1, 2006, 12:00am PDT
When the government provides public services necessary to production tax evasion results in some degree of income redistribution which may imply a higher or a lower level of aggregate income in...
Provided by University of Salerno
-
White Papers
Stock Market Development And Economic Growth: A Matter Of Information Dynamics
September 1, 2006, 12:00am PDT
This paper is to provide further insights into the linkages between stock market development and economic growth. When it is not possible to distinguish between investment projects with different...
Provided by University of Salerno
-
White Papers
Discounting And Expropriation Risk
May 1, 2007, 12:00am PDT
This paper investigates the association between discounting and risk of expropriation and provides the theoretical conditions that make a positive association consistent with rationality....
Provided by University of Salerno
-
White Papers
Does Publicity Affect Competition? Evidence From Discontinuities In Public Procurement Auctions
January 1, 2008, 12:00am PST
Calls for tenders are the natural devices to inform bidders, thus to enlarge the pool of potential participants. The authors exploit discontinuities generated by the Italian Law on tender's...
Provided by University of Salerno
-
White Papers
Delegation And R&D Spending: Evidence From Italy
January 1, 2008, 12:00am PST
This paper is to make a step forward in this direction. The authors use a sample of Italian manufacturing collected in surveys distributed in 1997, 2000 and 2003 by an Italian investment bank,...
Provided by University of Salerno
-
White Papers
Financial Market Integration Under EMU
April 1, 2008, 12:00am PDT
This paper provides an account of how the process of financial integration has promoted financial development in the euro area. It starts by defining financial integration and how to measure it,...
Provided by University of Salerno
-
White Papers
Financial Integration And Consumption Smoothing
July 1, 2008, 12:00am PDT
The authors present a new empirical strategy for testing if financial integration improves risk sharing opportunities and consumption smoothing. The test is based on a decomposition of the...
Provided by University of Salerno
-
White Papers
Inheritance Law And Investment In Family Firms
November 1, 2009, 12:00am PDT
Entrepreneurs may be constrained by the law to bequeath a minimal stake to non-controlling heirs. The size of this stake can reduce investment in family firms, by reducing the future income they...
Provided by University of Salerno
-
White Papers
The Impact Of Banking Development On The Size Of The Shadow Economy
October 1, 2008, 12:00am PDT
This paper employs data on 119 countries for the period 1999/2000 to 2004/2005 to examine the impact of banking development on the size of shadow economies. The main results indicate that an...
Provided by University of Salerno
-
White Papers
Households' Indebtedness And Financial Fragility
September 1, 2010, 12:00am PDT
The paper studies the determinants of international differences in household indebtedness, and inquires whether indebtedness is associated with increased "Financial fragility", as measured by the...
Provided by University of Salerno
-
White Papers
Financial Literacy And Portfolio Diversification
January 1, 2009, 12:00am PST
In this paper the authors focus on poor financial literacy as one potential factor explaining lack of portfolio diversification. They first propose test-based indicators of financial literacy and...
Provided by University of Salerno
-
White Papers
Institutional Trades And Herd Behaviour In Financial Markets
February 1, 2009, 12:00am PST
The paper studies the impact of transaction costs on the trading strategy of informed institutional investors in a sequential trading market where traders can choose to transact a large or a small...
Provided by University of Salerno
-
White Papers
Political Intergenerational Risk Sharing
March 1, 2009, 12:00am PST
In a stochastic two-period OLG model, featuring an aggregate shock to the economy, ex-ante optimality requires intergenerational risk sharing. The authors compare the level of time-consistent...
Provided by University of Salerno
-
White Papers
The Effects Of Monetary Policy On Unemployment Dynamics Under Model Uncertainty. Evidence From The US And The Euro Area
June 1, 2009, 12:00am PDT
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in...
Provided by University of Salerno
-
White Papers
International Comovements, Business Cycle And Inflation: A Historical Perspective
June 1, 2009, 12:00am PDT
Using a dynamic factor model, the authors uncover four main empirical regularities on international co-movements in a long-run panel of real and nominal variables. First, the contribution of world...
Provided by University of Salerno
-
White Papers
Credit Ratings Failures And Policy Options
November 1, 2009, 12:00am PDT
This paper examines the role of credit rating agencies in the subprime crisis, which was at the outset of the 2007-08 financial turmoil. The focus of the paper is on two aspects of ratings that...
Provided by University of Salerno
-
White Papers
Estate Taxation And Intergenerational Transfers
October 1, 2010, 12:00am PDT
The authors estimate the effect of estate taxation on bequests exploiting a sequence of Italian reforms culminating with the reduction of estate taxes in 1999 and their abolishment in 2001. They...
Provided by University of Salerno
-
White Papers
Fairness Properties Of Constrained Market Equilibria
January 1, 2010, 12:00am PST
This paper studies the notion of fairness in pure exchange economies involving uncertainty and asymmetric information. The authors propose a new concept of coalitional fair allocation in order to...
Provided by University of Salerno
-
White Papers
Tax Evasion And Community Effects In Italy
June 1, 2010, 12:00am PDT
The author proposes an analysis of tax evasion in Italy using the data collected by the website evasori.info. This site collects reports by random internet users of the transactions in which they...
Provided by University of Salerno
-
White Papers
Legal Institutions, Innovation And Growth
July 1, 2010, 12:00am PDT
The authors build a stylized model of endogenous technological change and analyze the relationship between legal institutions, innovation and growth. Two legal systems are analyzed: a rigid...
Provided by University of Salerno
-
White Papers
Mixed Markets With Public Goods
October 1, 2010, 12:00am PDT
The authors use a mixed market model for analyzing economies with public projects in which the condition of perfect competition is violated. They discuss core-equivalence results in the general...
Provided by University of Salerno
-
White Papers
Mirrlees Meets Laibson: Optimal Income Taxation With Bounded Rationality
December 1, 2010, 12:00am PST
This paper studies an optimal taxation problem in a dynamic economy inhabited by individuals who differ in productivity (as in Kocherlakota, 2006) and in the short-term discount factor. The...
Provided by University of Salerno
-
White Papers
Investment In Financial Literacy And Saving Decisions
January 1, 2011, 12:00am PST
The authors present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such investment because their stock of financial literacy allows them to...
Provided by University of Salerno
-
White Papers
A Graphical PIN Authentication Mechanism for Smart Cards and Low-Cost Devices
June 5, 2008, 12:00am PDT
Passwords and PINs are still the most deployed authentication mechanism, although they suffer of relevant and well known weakness. The protection of passwords is a classical branch of research in...
Provided by University of Salerno
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