Ricer&e Economiche-which of course means “economic research”-has been a quarterly review affiliated with the University of Venice and continuously published since 1947. This is the first issue of a new, all-English version, published and distributed internationally by Academic Press. Traditionally, RE has been a “general” journal of economics aimed at publishing high-quality, original research in all fields of economics, with no restrictions concerning the school of thought, methodological approach or choice of topic. In agreement with the publisher, we have decided to continue our traditional policy because we believe that excessive fragmentation is bad for our discipline and reduces communication among researchers. The Editors of RE welcome submissions of theoretical papers, as well as empirical research of general relevance. While the Editors intend primarily to provide an unrestricted forum for the debates currently taking place in the economic profession, they will encourage those contributions which explore new areas of investigation, by discussing questions which cut across the traditional boundaries of established disciplines, such as complexity, evolutionary dynamics or economic theory of institutions. Introductory discussions, or original applications to economics of new mathematical, statistical, graphical or numerical techniques will also be considered favourably. The decision to launch yet another journal of economics will perhaps need some justification. First of all, the excellent reputation acquired by RE over the last decade was not matched by the size of the audience, constrained by the language factor and the local character of distribution. Secondly, the editors felt that many good articles containing original contributions were being refused publication on the basis of parochial arguments. Finally, friends and colleagues throughout the world, as well as Academic Press, encouraged the project of establishing a European-based journal and convinced us that the new initiative would have substantial chances of success. Of course, it will be for the readers and contributors to confirm our optimism. Alfred0 Medio Managing Editor