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The Economics of Imperfect Markets - The Effects of Market Imperfections on Economic Decision-Making (Paperback, 2009 ed.)
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The Economics of Imperfect Markets - The Effects of Market Imperfections on Economic Decision-Making (Paperback, 2009 ed.)
Series: Contributions to Economics
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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 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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