Carmine Guerriero

Education and professional life

• market design: This literature stresses the importance of identifying the technological determinants of reforms to properly assess the impact of different market designs on economic outcomes.
• legal traditions: This strand of research constitutes a criticism to the legal origins literature based on the fact that legal systems evolve due to forces also affecting the economic outcomes that economists want to explain through legal variation and suggests that the reforms supported by the World Bank and based on the legal origins literature had detrimental effects.
• property rights: This literature constitutes a criticism to the economics analysis of property rights and is based on the idea, widely discussed in law, that incomplete property rights can be efficient when transaction costs deliver large ex post misallocation by impeding the exchange of assets and inputs.
• the determinants and effects of a culture of cooperation and inclusive political institutions. Building on the institutional revolution that shook Europe during the Middle Ages, this strand of research identifies the geographic determinants of the two institutional arrangements showing that the former is more important than the latter for the long-run economic growth.
• extractive policies with a special focus to the unitary origins of the present-day North-South of Italy divide. This gap was mainly induced by the region-specific policies selected by the Piedmontese elite, who dominated the first post-unitary governments, and that penalized more the regions farther away from the ruler's fiercer enemies.

  Selected publications

• ". Journal of Comparative Economics, 39 : 453-469.
• “.”Journal of Comparative Economics, 41 : 91-107.
• “”. Oxford Journal of Legal Studies, 35 : 543-574.
• ". International Review of Law and Economics, 46 : 49-69.
• ". Journal of Comparative Economics, 44 : 416-433.
• ". Journal of Law and Economics, 59 : 313-358.
• “”. International Review of Law and Economics, 56 : 142-159.
• ".”. Forthcoming, Journal of Comparative Economics.
• “.” Forthcoming, Economica.