Individual perception, human senses and memory Rationality and cognitive biases Learning and routines Consumer behaviour Behavioural Law and Economics and Nudge

In particular the course will regard: - the administrative law with reference to the Constitution; - the meaning of Pubblic Administration, her liability and her connection with the citizen; - the public power of Administration and his meaning; - Subjective legal situations, the legitimate interests; - the administrative decision; - the administrative procedure; - the administrative activities of private law; - the public administration as an entrepreneur; - the contractual activity of the public administration and the public procurement; - the responsibility of the public administration.

The course aims at providing the students with the interpretation instruments directed to understand the fundamental concepts of political philosophy and contemporary political thought, in the light of a historical-theoretical approach, but even with peculiar attention to the current socio-economic dynamics.

1) Competition 2) Production and costs 3) Perfect comeptition and monopoly 4) Industry concentration 5) Product differentiation and dvertising 6) M&A 7) Vertical integration 8) Vertical restraints 9) Performance 10) Public policy and regulation

1. Law, Economics, and Institutions: An Introduction Introduction to the course, objectives and contents. 2. Behavioral and Experimental Economics: Methods Introduction to laboratory experiments and laboratory methodology. 3. Rational Choice Theory Recognize the fundamental elements of rational choice and its implications in the decision-making process of individuals and institutions. 4. Dual-system Theory Recognize the fundamental elements of the dual-system theory and its implications in the decision-making process, analyse the role of emotions, and discuss with examples the role of heuristics and cognitive biases in individual and group decision-making. 5. Decision-making under risk and uncertainty Analyse the processes underlying the formation of preferences of individuals and institutions in 1. Law, Economics, and Institutions: An Introduction Introduction to the course, objectives and contents. 2. Behavioral and Experimental Economics: Methods Introduction to laboratory experiments and laboratory methodology. 3. Rational Choice Theory Recognize the fundamental elements of rational choice and its implications in the decision-making process of individuals and institutions. 4. Dual-system Theory Recognize the fundamental elements of the dual-system theory and its implications in the decision-making process, analyse the role of emotions, and discuss with examples the role of heuristics and cognitive biases in individual and group decision-making. 5. Decision-making under risk and uncertainty Analyse the processes underlying the formation of preferences of individuals and institutions in risk and uncertainty situations. Both theoretical models and empirical applications will be discussed. 6. Game Theory Recognize the basic principles of game theory. Illustrate the main mechanisms of social interaction by using empirical applications. 7. Nudging Introduction to nudging and to its role in the decisions-making process. Discussion of the contribution of behavioral and experimental economics to the protection and tutelage of different subjects/areas of interest (consumers, investors, institutions, environment, etc.) at different levels (local, European, global). 8. Group decision-making Discuss group decision-making processes. 9. Seminar and laboratory activities (1) Presentation and discussion of laboratory experiments. 10. Seminar and laboratory activities (2) Presentation and discussion of laboratory experiments.

Part I This part aims at teaching students how to develop the appropriate statistical models for producing empirical evidence on the impacts of public policies and programmes. List of topics: 1. How to use multiple regression models to evaluate the impacts of the strategic choices of the firms; 2. Analysis of business panel data: fixed effects estimators, first and long differencing; 3. Selection and omitted variable bias 4. Non-parametric estimators, diffference in difference techiniques; 5. Shift share analysis; 6. Evaluation designs with non-esperimental data; 7. Multiple regression analysis with qualitative information (binary dependent variables): probit and logit models Part II Estimation of the models of part I by means of the software STATA

Subject of the course will be the right of association and the right of employment relationships and, in particular: - To the right of association: the historical evolution of the Right Italian; the trade union organization; Freedom of Association; representation and trade union representation; corporate union representation (in the private sector and in the public sector) and trade union rights in the workplace; the collective agreement (models, structure, effectiveness, mandatory nature); the relationship between collective agreements and between collective bargaining and the law; collective bargaining in the civil service "privatized"; the collective dispute (the right to strike in its general outlines legal -nature, ownership, boundaries - and other forms of industrial action); the strike in essential public services; lockout; the repression of the anti-union behavior; - To the right of the employment relationship: the sources of labor law; the concepts of subordination, autonomy and parasubordination; the organization of the labor market and the establishment of relations; the type of employment contracts (fixed-term contract, parttime, temp work, etc.). the Governing power of the employer (general profiles, the discipline and the tasks of the employee's transfer, the working time management); the power of control and disciplinary power; the protection of health and safety in the workplace; remuneration (constitutional profiles, concept and structure, wage automation); the suspension of the employment relationship; layoffs; of the surplus personnel; the layoffs of discipline. Particular attention is given to developing skills in understanding and drafting of written texts. Students will be asked to rework, even in writing, analysis of case law material and / or doctrinal. Even the interim and final tests are in written form. In order to enrich the educational offer of the course giving the right space at the professional dimension, there is the testimony of a lawyer, a job counselor or a corporate lawyer who will explain in practical terms what it means today to be applying the law. Students are advised to check the detailed schedule of classes posted on DIR for the topics of the individual lectures.

1) Competition 2) Production and costs 3) Perfect comeptition and monopoly 4) Industry concentration 5) Product differentiation and dvertising 6) M&A 7) Vertical integration 8) Vertical restraints 9) Performance 10) Public policy and regulation

The teaching program includes basic knowledge of game theory and the approach of demand network extenralities. The detail will be provided in class.

See "contenuti" ("Contents")

The course aims at providing the students with the interpretation instruments directed to understand the fundamental concepts of political philosophy and contemporary political thought, in the light of a historical-theoretical approach, but even with peculiar attention to the current socio-economic dynamics.

The course offers an introduction to comparative law in the global context, with particular reference to the Chinese and Asian legal system. A first part will be devoted to the functions and methods of comparative law. Then the classification of major legal systems into “families” and the topic of legal “transplants” (borrowing and lending between legal systems) will be addressed. Particular attention will be devoted, on the one hand, to the dynamics of globalization of law (WTO, human rights, development) and, on the other, to the resilience of non-western legal traditions (local law). The last part of the course offers an in-depth analysis of Chinese law in the context of the Asian legal tradition.

The course will first introduce students to the general functioning of the EU institutions and to the legislative procedure. Then, the course will approach the concept of ‘financial interest of the EU, in primary statutory law (art. 325 TFEU), in secondary statutory law (directive 2017/1371; regulation 2017/1939) and in the CJEU case-law. Afterwards, the focus will be on the different tools to protect such interest, with special attention to: the brand-new office of the European Public Prosecutor; the role of OLAF; freezing of assets; the role of VAT as a part of the EU financial interest and how to protect it equally within the MSs.

Introduction to monopoly, equilibrium, price discrimination. The oligopoly: quantity competition (Cournot and Stackelberg), price competition (Bertrand). Product differentiation: monopolistic competition. Barriers to entry. Collusion and potential trusts. Merger. Market power and market concentration. Policy evaluation.

1. Organisations and Institutions: An Introduction Introduction to the course, objectives and contents. 2. Behavioral and Experimental Economics: Methods Introduction to laboratory experiments and laboratory methodology. 3. Rational Choice Theory Recognize the fundamental elements of rational choice and its implications in the decision-making process within organisations and institutions. 4. Dual-system Theory Recognize the fundamental elements of the dual-system theory and its implications in the decision-making process, analyse the role of emotions, and discuss with examples the role of heuristics and cognitive biases in organizational and institutional contexts. 5. Decision-making under risk and uncertainty Analyse the processes underlying the formation of preferences of organizations and institutions in risk and uncertainty situations. Both theoretical models and empirical applications will be discussed. 6. Game Theory Recognize the basic principles of game theory. Illustrate the main mechanisms of social interaction by using empirical applications such as equity and fairness. 7. Nudging Introduction to nudging and to its role in the decisions-making process for organizations and institutions. The pros and cons will be discussed as well as its role in shaping economic and social policies. 8. Group decision-making Discuss group decision-making processes. Analyse specific features of organizations and institutions such as communication, leadership, cooperation. 9. Seminar and laboratory activities (1) Presentation and discussion of laboratory experiments. 10. Seminar and laboratory activities (2) Presentation and discussion of laboratory experiments.

homo economicus and rationality; bounded rationality; heuristics; rule following behaviour; paternalism; rationality amd criminal behaviour; neuroeconomics and law; predictable behaviour

Introduction to monopoly, equilibrium, price discrimination. The oligopoly: quantity competition (Cournot and Stackelberg), price competition (Bertrand). Product differentiation: monopolistic competition. Barriers to entry. Collusion and potential trusts. Merger. Market power and market concentration. Policy evaluation.

1. Behavioral and Experimental Economics: An Introduction Introduction to the course, objectives and contents. 2. Behavioral and Experimental Economics: Methods Introduction to laboratory experiments and laboratory methodology. 3. Rational Choice Theory Recognize the fundamental elements of rational choice and its implications in the decision-making process. 4. Dual-system Theory Recognize the fundamental elements of the dual-system theory and its implications in the decision-making process, analyse the role of emotions, and discuss with examples the role of heuristics and cognitive biases in individual and group decision-making. 5. Nudging Introduction to nudging and to its role in the decision-making process. The pros and cons will be discussed as well as its role in shaping economic and social policies. 6. Environment and Health The role of nudging in the area of environmental and health decision-making. 7. Well-being Understand the link between choices and well-being. 8. Group decision-making Discuss group decision-making processes. 9. Seminar and laboratory activities (1) Presentation and discussion of laboratory experiments. 10. Seminar and laboratory activities (2) Presentation and discussion of laboratory experiments.

Introduction; role of the state; methods for collective choices; majority voting; bureaucracy; growth of government; rent seeking; fiscal federalism. Additional topics on a request by the students

see "Contenuti" ("Contents")

Individual perception, human senses and memory Rationality and cognitive biases Learning and routines Consumer behaviour Behavioural Law and Economics and Nudge

Public-Private Partnership and Project Financing: basics + case study; Governance of Public Enterprise; Organization Theory and Models.

Part I This part aims at teaching students how to develop the appropriate statistical models for producing empirical evidence on the impacts of public policies and programmes. List of topics: 1. How to use multiple regression models to evaluate the impacts of the strategic choices of the firms; 2. Analysis of business panel data: fixed effects estimators, first and long differencing; 3. Selection and omitted variable bias 4. Non-parametric estimators, diffference in difference techiniques; 5. Shift share analysis; 6. Evaluation designs with non-esperimental data; 7. Multiple regression analysis with qualitative information (binary dependent variables): probit and logit models Part II Estimation of the models of part I by means of the software STATA

1. General Part There will be some general introduction to : (i) economic analysis of law, (ii) the theory of rational choice (ii) systematic errors discussed since the development of the “Heuristic and Biases” research program. There will be an analysis of the results obtained in this last field of research, both from a general philosophical point of view and from the point of view of economics. After an introduction on the main cognitive biases there will be an analysis on Khanemann & Tversky’s “prospect theory”. 2. Particular topics 2.1. The legal Process (Litigants' behavior. standard economic analysis of litigation and settlement; behavioral impediments to settlement; behavioral factors encouraging settlement; alternative dispute resolution; attorneys and clients; plea bargains) 2.2. Judicial decision-making (models and kinds of reasoning; judicial decision makers'heuristics and biases; kinds of evidence; the prime effect and the role of prejudices, certainty and predictabilioty; group decision-making; refinements) 2.3 Evidence Law (types of evidence and cognitive biases; the role of experts; science in court; burden of proof; final considerations)

Part I This part aims at teaching students how to develop the appropriate statistical models for analyzing economic phenomena, based on the various types of available data. List of topics: 1. How to use multiple regression models to produce empirical evidence needed for public policy analysis; 2. Analysis of economic panel data: fixed effects estimators, first and long differencing; 3. Selection and omitted variable bias 4. Non-parametric estimators, diffference in difference techiniques; 5. Shift share analysis; 6. Evaluation designs with non-esperimental data; 7. Multiple regression analysis with qualitative information (binary dependent variables): probit and logit models Part II Estimation of the models of part I through the software STATA

Study of functions of one variable, Limits and Derivatives. Unconstrained optimization. Optimization in one variable without constraints. Economic applications. Linear algebra. Economic applications. Differentiation in more than one variable. Constrained optimization with equality constraints. Economic applications. Constrained optimization with inequality constraints. Economic applications.

The first part of the course will introduce the topics of microeconomics necessary to the comprehension of the second part. The second part of the course will survey the topics of: (1) Individual choices under risk and uncertainty. Expected utility Theory. The axiomatic approach. Expected utility in the Machina triangle. The main paradoxes of choice under risk. Experiments and theoretical developments in non-expected utility theory. (2) Prospect Theory. (3) The main paradoxes of choice: framing effect, preference reversal, endowment effect. (4) Intertemporal choice. (5) Elements of behavioural finance.

Balance sheet, income statement and financial position of the firm. Costs in the short-run. Economies of scale and horizontal and vertical scope economies. Use of cost information for decision-making in the short term and in a firm growth perspective. Analysis of firm productivity.

The content of this module aims, after recalling the main economic and financial variables, to deepen the analysis of cash flows and of capital budgeting techniques. Topics: - financial flows: balance sheet, income statement, funds-flow statement; cash flow statement; - Capital budgeting techniques: *Discounting, present value and relationship between risk and return * project cash flows * Net present vaue * Profitability index * Internal rate of return *Pay-back period - Introduction to the cost of capital and relation with the projects value

Natural monopoly, price discrimination, optimal pricing, regulation, regulation by incentives.

After successfully completing the course, students will be able to: 1. Estimate the benefits and costs of program interventions by using experimental and quasi-experimental designs. 2. Understand the measurement of changes in social surplus by estimating supply and demand functions. 3. Comprehend the theoretical foundation of the contingent valuation method. 4. Build and estimate regression models with qualitative (categorical) dependent variables. 5. Assess impacts from consumer revealed preferences for products that do not exist. 6. Evaluate the major strengths and weakness of contingent valuation methods for estimating costs and benefits of investment projects. 7. Estimate implicit (hedonic) prices for goods and services. 8. Select the best available value of a number of frequently used shadow prices. 9. Estimate alternative shadow prices used in cost-benefit analysis for developing countries. 10. Compute cost-effectiveness ratios to compare policy alternatives. 11. Categorize different individuals affected by government policies, programs, and projects. 12. Construct statistical hypothesis tests about the response effects in contingent valuation surveys.

Balance sheet, income statement and financial position of the firm. Costs in the short-run. Economies of scale and horizontal and vertical scope economies. Use of cost information for decision-making in the short term and in a firm growth perspective. Analysis of firm productivity.

Part I This part aims at teaching students how to develop the appropriate statistical models for producing empirical evidence on the impacts of public policies and programmes. List of topics: 1. How to use multiple regression models to evaluate the impacts of the strategic choices of the firms; 2. Analysis of business panel data: fixed effects estimators, first and long differencing; 3. Selection and omitted variable bias 4. Non-parametric estimators, diffference in difference techiniques; 5. Shift share analysis; 6. Evaluation designs with non-esperimental data; 7. Multiple regression analysis with qualitative information (binary dependent variables): probit and logit models Part II Estimation of the models of part I by means of the software STATA

Study of functions of one variable, Limits and Derivatives. Unconstrained optimization. Optimization in one variable without constraints. Economic applications. Linear algebra. Economic applications. Differentiation in more than one variable. Constrained optimization with equality constraints. Economic applications. Constrained optimization with inequality constraints. Economic applications.

First part: The theory of consumption The theory of the firm The theory of the market Second part: 1. General equilibrium theory: the two theorems of welfare economics 2. Choice under risk 3. Oligopoly 4. Externalities; free access 5. Public goods

Natural monopoly, price discrimination, optimal pricing, regulation, regulation by incentives.

HINDRIKS J., MYLES G.D., Intermediate Public Economics, MIT Press, 2013 (Chapters 4, 5, 11, 12, 19). Ch. 11 until paragraph 11.7 included; ch. 19 until paragraph 19.4 included.

The aim of the course is twofold. A first part will review the main issue concerning the decision making process of individuals and organizations. In this context the main reference will be provided by the mainstream tools and methodology used by the economic theory, concerning the choice of individuals and firms. In addition the course will try to give an overview over the complex of features affecting the decisional process, including psychological issues, external interferences and so on. The second part of the course will thus focus on the behavioral approach applied to economics and finance, with a particular attention to the experimental methodology. The basic model of choice under risk and uncertainty and its main violations will be introduced, and the main paradoxes of the rational choice model discussed. A substantial part of the course will be devoted to the debate about rationality and decision-making. Here the focus will be on bounded rationality, on research on Heuristics and biases initiated by Tversky and Kahneman, and on alternative and complementary approaches. This part will also introduce some aspects of the recent debate on the possible corrections of reasoning and decision biases, such as the querelle on “nudging vs boosting".