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The late Miocene is a crucial interval for global climate evolution as well as for the regional geodynamic evolution of the Central Mediterranean area. It spans the transition from the warm Mid Miocene Climatic Optimum, associated with the major Monterey Carbon Isotope Excursion, to the cooler Pliocene, characterized by a bipolar glaciation. Within this climatic transition, during the early Tortonian, a positive carbon isotope excursion related to a global carbon cycle perturbation is recorded, named Carbon Maximum 7 (CM7). In this study, two upper Serravallian-lower Tortonian carbonate ramps of the Central Mediterranean have been analysed: the Latium-Abruzzi and the Apula ramps (Central Apennines, Central Italy). Carbon isotope ratios have been coupled with facies and microfacies analyses with the aims: (1) to identify the CM7 in the Central Mediterranean carbonate ramp successions; (2) to evaluate potential carbonate factory changes or demises related to the CM7; and (3) to discriminate the role of global vs regional factors in affecting the Mediterranean carbonate ramps. The two studied ramps show different evolutions due to regional geodynamics causes. The Latium-Abruzzi ramp drowns in the Tortonian, while the Apula shows a regressive trend, with upper Tortonian middle ramp facies overlying the lower Tortonian outer ramp. Despite the complex geodynamic setting, a positive carbon isotope shift has been identified in both ramps and correlated with the CM7. This positive carbon isotope shift may be linked to the strengthening of the global ocean circulation during the late Miocene cooling. This strengthening of the circulation enhanced the coastal upwelling, bringing nutrient-rich waters to the surface and triggering an enhanced primary productivity consistent with the CM7.

The resilience of cooperatives and their positive contribution to employment in times of crisis is well established. However, their overall economic performance relative to conventional firms is still controversial, casting doubt on the ability of this alternative organizational form to govern the fundamental drivers of productivity. To shed new light on the issue, we study the comparative technical efficiency of agricultural cooperatives (ACs) and conventional firms (CFs), drawing on a unique data set comprising all wine‐producing companies in Sardinia (Italy) from 2004 to 2009. Due to the similarity of the habitats in which the firms operate and the careful measurement of several key inputs, the observed units are ‘twins’ in all non‐organizational respects, providing an ideal setting for comparison. Having generated efficiency scores through Data Envelopment Analysis (DEA), we regressed the scores on external covariates and ownership type using a pooled truncated maximum likelihood formulation. Our findings, which survive correction for spatial correlations, indicate that cooperatives are less technically efficient than their capitalist counterparts and struggle more to adapt to extreme weather fluctuations. Both results are particularly worrying in light of the main challenges facing the wine industry in the near future: liberalization of EU planting rights and climate change.

To date, few studies have explored the relationship between tourism inflows and city taxes. This study investigates how the introduction of a city tax impacts on both national and international tourism demand by using the synthetic control method. The case study is based on a panel of Italian municipalities, for the time span 2006–2011. Results from estimations with the synthetic control method show that the introduction of a visitor tax leads to a decline in domestic tourism demand. In contrast, there is no effect on international tourism inflows.

The purpose of the present work is to analyze whether—and to what extent—tourism activity affects urban house price dynamics in Italy. Using a system Generalized Method of Moments (GMM-SYS) approach and after controlling for socioeconomic characteristics of the local housing markets as well as amenities and disamenities, we test for the effect of tourism by employing a composite index that enables us to capture the complexity of the tourism market. Data consist of yearly observations on the average house prices of 103 Italian cities over the period of 1996–2007. The results confirmed by several robustness checks demonstrate that tourism activity positively affects house prices. In addition, this work provides several first hints that this relationship might not be the same for all types of cities; hence, further developments of the present work should proceed in the direction of searching for different potential regimes through the use of mixture models.

This work discusses and interprets the factors responsible for the Oligocene–Miocene drowning of the Central Apennine platform deposits, based on facies and stable-isotope analyses of two representative stratigraphic sections. The Mediterranean carbonate platforms were affected during the Oligocene–Miocene boundary by a carbonate production crisis that was induced by global factors and amplified by regional events, such as volcanic activity. The positive δ13C shift observed in the studied sections corresponds to vertical facies changes reflecting the evolution from middle carbonate ramp to outer ramp-hemipelagic depositional environments. This drowning event is recorded not only in the Apennine platforms, but also in other Mediterranean platforms such as in southern Apulia, Sicily and Malta, and outside the Mediterranean Basin. The ~24–23.5 Ma Mi-1 glacial maximum may have had a significant influence on this drowning event because it was associated with high rates of accumulation of continent-derived sediments. The increased continental weathering and runoff sustained high trophic conditions. These probably were a consequence of the Aquitanian–Burdigalian volcanic activity in the Central-Western Mediterranean, that may have led to an increase in nutrient content in seawater and an increase in atmospheric and marine CO2 concentrations. Copyright © 2014 John Wiley & Sons, Ltd.

Overthepast15yearsithasbeendemonstratedthatcarbonaterampsreactinadistinctly different way to sea-level fluctuations than flat-topped carbonate platforms. Until now, mostsequencestratigraphicstudiesofcarbonaterampshaveconcentratedontemperate to cool-water carbonates and on tropical systems after a phase of forced regression. This study aims at characterizing a tropical, eutrophic carbonate ramp, the Miocene LatiumAbruzzi platform in the central Apennines. The stratigraphic architecture of the carbonaterampdepositedduringa5Myrperiodreflectstwo2 nd -orderrelativesea-levelcycles. In contrast, the architectural and facies patterns only reflect 3 rd -order sea-level fluctuationsintheinnerramp.Sea-levelfluctuationsthatcausechangesinlight-penetrationmay produce shifts from euphotic to oligophotic or even aphotic conditions that may be recorded as facies changes. The insensitivity of middle- to outer-ramp facies belts is the result of the carbonate-producing organisms in these parts of the ramp, and of the low productionofcarbonatesedimentsontheinnerramp,limitingtheexporttomiddle-and outer-ramp settings. On this type of carbonate ramp, most voluminous carbonate sediment production takes place in the oligophotic zone by rhodalgal associations, or in the aphotic zone by bryomol or molechfor associations. Thus, carbonate sediment accumulatesbelowthehydrodynamicbaselevelinawater-depthintervalthatmaybewiderthan the amplitude of the high-frequency sea-level fluctuation. Such ramps therefore appear not to record high-frequency sea-level fluctuations.

Metre-scale siliciclastic–carbonate cycles are the basic depositional motif of the lower Miocene Guadagnolo Formation outcropping in the central Apennines. The mechanisms which formed the mixed-lithology cycles are still a matter of debate. The mixed siliciclastic–carbonate system discussed in this paper provides a new case study to illustrate the role of orbital forcing in controlling the facies evolution and cyclic stacking of small-scale sequences deposited on the outer sector of a ramp. Two sections are discussed that display mixed siliciclastics and carbonates arranged in upward-shallowing cycles. Each cycle shows an upward decrease in the terrigenous input and a parallel increase in benthic fauna. Time-series analyses indicate the cyclic carbonate-terrigenous pattern to be largely controlled by orbital forcing in the Milankovitch frequency band. Coupling of climate change and sea-level fluctuations in tune with orbital cycles are proposed as driving mechanisms.

The presence of foramol, rhodalgal and bryomol skeletal grain associations in ancient shallow-marine limestones is commonly interpreted as evidence for non-tropical palaeoclimate, despite temperature being only one of several factors influencing skeletal grain associations. Such interpretations neglect the multitude of factors other than temperature that influence carbonate-producing biota. These include nutrients, water energy, water transparency, depth of the sea floor, salinity, oxygen, Ca2+ and CO2 concentrations, Mg/Ca ratio, alkalinity, substrate requirements, competitive displacement as well as biological and evolutionary trends. This uniformitarian approach also disregards the probability that conditions of present-day biological systems may not be representative of past conditions of analogous systems. Here, the importance of considering these other factors is illustrated through two examples of carbonate platforms in the western Mediterranean. These platforms are dominated by foramol, rhodalgal and bryomol associations of Miocene age in spite of having formed in tropical conditions. The platforms discussed are: (1) the Lower Tortonian ramp on Menorca, Balearic Islands; and (2) the Lower–Middle Miocene ramps of the central Apennines, Italy. Evidence for tropical conditions in the Mediterranean during the period of growth of these platforms is provided by species of red algae and larger foraminifera, by data from coeval continental basins and by global oxygen isotope data.

In the western part of the central Apennines, Lower–Middle Miocene carbonates were deposited on a tropical–subtropical carbonate ramp. They record two long-term cycles, the first of which is illustrated in this paper. Between 21 and 17.5 Ma, Miocene carbonates, paraconformably overlying the Cretaceous limestones, record a transgressive event during a time of global (2nd order) sea-level lowstand. It is postulated that this deviation is related to an increase in tectonic subsidence. Between 17.5 Ma and 16–15 Ma, with a progressive relative sea-level rise, the inner–middle ramp facies belt stepped back, whereas the bryozoan-dominated outer ramp facies belt stepped back but simultaneously prograded. This bloom of suspension-feeding organisms is interpreted to reflect an increased nutrient availability, hence a change from oligotrophic to eutrophic conditions. Strontium-isotope dates constrain correlation of the second phase with a eutrophic event possibly linked to the influence of the neighbouring Apenninic accretionary wedge and foredeep system.