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    2014 IEL Thesis Award

    We are glad to announce that Mr. Alessandro Melcarne who is going to defend his thesis on January 30, 2015 was awarded on December 20, 2014 in Rome the First Prize for the Best young scholar paper by the Società Italiana di Diritto ed Economia (SIDE). The paper presented, part of his PhD dissertation is "To Review or Not Review? That is the question. The Dilemma of a Careerist Judge".

    According to the Jury "Melcarne’s paper is not a mere extension of the literature, but identifies a problem “out there”, namely the behavior of members of the Italian Constitutional Court (ICC), and analyzes such a behavior theoretically and practically. The paper identifies the interest in post-ICC-appointments as an important driver of judicial behavior. Results are unexpected and well-illustrated. The paper offers fascinating and very relevant policy implications concerning incentives of judges. The Author shows an outstanding maturity. Hence, we believe that it provides a substantial contribution and qualities for the award."

    The prize delivered in memory of Brenno Galli for the most promising young scholar’s paper in Law and Economics presented at the SIDE-ISLE annual conference.

         IEL Call for Applications 2015 

    The call for application has launched by the Università di Torino

    Details HERE


               IEL- ICER Workshop in Law and Economics 

    April 28, 2014

    at Collegio Carlo Alberto

    Download the program


    IEL Call for Applications 2014 

    The call for application has been finally published by the Università di Torino

    Details HERE


    Lecture Celebrating 10 Years of IEL

    MAY 27, 2013, 03:00 p.m.

    Litigation as a Measure of Well-Being

    Giovanni Ramello & Ted Eisenberg Interview

    Theodore Eisenberg

    Cornell Law School & IEL Programme 

    with the participation of 

    Gianmari Ajani, Angelo Cappetti, Elisa Luciano and Giovanni Ramello

    details here

    paper here

    The common perception is that high or growing litigation rates in a country are a sign of societal pathology. Studies of litigation rates, however, consistently report that lawsuit filings per capita increase with economic prosperity, thus suggesting that litigation rates are a natural consequence of prosperity and not necessarily evidence of an overly litigious populace. India’s substantial interstate variation in litigation rates and in economic and noneconomic measures of well-being  provide an opportunity to evaluate the relation between well-being and litigation rates.$0Using many years of data on civil filings in India’s lower courts and High Courts, we present evidence that more prosperous states have higher civil  litigation rates. We also report the first evidence that accounting for noneconomic well-being, as measured by the  education and life expectancy components of the Human Development Index, explains litigation rate patterns better than  using a purely economic measure of well-being, GDP per capita. Despite India’s continuing economic growth, we present  data that indicates India’s enormous and growing civil case backlog has discouraged civil case filings in recent years. These findings raise the question whether India’s future economic growth will be compromised if courts at all levels,  particularly lower courts, do not resolve disputes more quickly.

    The Lecture is organized by the IEL International Programme in cooperation with the Master inFinance and the support of the Unione Ex-convittori Real Collegio Carlo Alberto.



     Thesis Defence Sessions 2013

    May 15, 2013, 16:00at Collegio Carlo Alberto Jinshan Zhu


    May 24, 2013, 09:30 at Università di Torino (Facoltà di Economia) Pavol Minarik


     IEL Thesis Awards


    We are pleased to announce that Mr. Jinshan Zhu who is going to defend his thesis on May 15, 2013 at Collegio Carlo Alberto was awarded the Chinese  Government Scholarship for Outstanding Students Studying Abroad by the China  Scholarship Council for his research work on clean development mechanism.


     (in Chinese) are available here

    We are pleased to announce that Dr. Katharina Stepping who successfully defended her PhD thesisat IEL in February 2012 was awarded the Maxwell Fry Development Finance Essay Prize at the Maxwell Fry Development Finance Workshop for postgraduate researchstudents, held at the Birmingham Business School,University of Birmingham, October 2012 for herdoctoral research. Dr. Stepping is currently researcher at the Dept. Environmental Policy and Managementof Natural Resources / Abt. Umweltpolitik und Ressourcenmanagement GermanDevelopment Institute / Deutsches Institut für Entwicklungspolitik (DIE), Bonn,Germany.







    Ms. Aide Mazurkeviciute, a 4rd year IEL PhD candidate, who was already selected by the Italian Society for Industrial Economics and Policy (SIEPI) in the top 4 shortlist of the best theses focusing on industrialeconomics and policy topics,  has then won the 2nd prize with thework on "Determinants of the European price-fixing cartels' duration: focus on internal cartel organization" during the SIEPI annual conference held at the Università  di Perugia, January 26-27. We are proud to this is the second year that a IEL candidate awards a SIEPI prize.







    Mr. Roberto Ippoliti, 3rd year IEL PhD candidate, who was already selected by the Italian Society for Industrial Economics and Policy (SIEPI) in the top 4 shortlist of the best theses focusing on industrial economics and policy topics, has then won ithe first prize with the work entitled "Pharmaceutical clinical research. An empirical work on the European market of human experimentation" during the SIEPI annual conference held at the Università  La Sapienza, Rome, January 27-28.




     IEL Lecture

    May 25, 2010, 9:30 a.m.


    The Roots of the U.S. Financial Crisis  and the Ensuing "Too Big To Fail" Debate


    Frederic M. Scherer 

    Kennedy School of Government  Harvard University

    This lecture examines various facets of the “too big to fail” debate. It will note that in the current context, “too big to fail” may imply systemic risks from large financial institution size, compensating economies of scale, political power, and (within narrower markets) power to set prices above competitive levels. It will examine three stylized facts: the contours of the recent merger wave among financial institutions, the concomitant increase in the concentration of financial institution assets, and the impressive rise in financial institutions’ profits as a share of all U.S. corporate profits,. It will argue that rising aggregate concentration of financial institutions’ assets may imply rise in the power to set above-competitive prices in individual relevant banking markets – i.e., in segments of what economists call “product characteristics space.” There is not much solid economic evidence on this last conjecture for investment banking firms, but supporting evidence from the large number of studies focusing on commercial banks is marshaled. The evidence on economies of scale is also imperfect, but it implies that breakup of the largest banks need not cause great efficiency losses.        

    paper here