Market segmentation is a multicriterion problem. This dissertation addresses the multicriterion nature of market segmentation with a new unified segmentation model that is derived from a multiobjective conceptual framework. The unified model elegantly solves the intrinsic antagonistic problem of market segmentation by generating a set of Pareto optimal solutions that represent different tradeof...

Credit Market Constraints and Labor Market Decisions In this paper, we examine whether imperfections in credit markets spill over to other markets, particularly the labor market. We take the case of Italy, a country that experienced changes in the mortgage market brought about by the 1992 European unification and other institutional shifts. These events make Italy a good laboratory to study the...

A common view in the literature is that the director labor market provides an ex post settling-up for past decisions by rewarding CEO ability and actions that are consistent with shareholder interests. In this paper we focus on large CEO acquisition decisions to investigate whether the director labor market offers ex post settling-up for value destroying decisions. Prior studies have found that...

Determining the effects of labor institutions on macroeconomic performance is a central concern of economic policymakers. Differences in labor institutions have been conjectured to be a key explanation for observed crosscountry differences in the level and persistence of unemployment, in the distribution of income and wealth, and in growth rates for labor productivity and GDP. European OECD cou...

Tourists are not all the same, they have different pictures of their ideal vacation. Tourists are heterogeneous. Market segmentation is the strategic tool to account for heterogeneity among tourists by grouping them into market segments which include members similar to each other and dissimilar to members of other segments. Both tourism researchers and tourism industry use market segmentation w...

In this paper, we examine whether the imperfections in the credit market spill over to the labor market. We examine the case of a country that experienced a very high degree of imperfections in the financial markets, but underwent substantial changes in 1992 due to the liberalization brought by the European unification and other institutional changes. Italy is therefore a good laboratory to stu...

This paper examines interactions between the labor market and crime. It seems reasonable to believe that changes in policy or technologies that affect the labor market might affect the extent of criminal activities, and vice versa–changes in the crime sector can affect the labor market. To analyze these interactions we construct a search-theoretic model where labor market outcomes and crimes ar...