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BANCA NAZIONALE DEL LAVORO 
QUARTERLY REVIEW 
EDITORIAL BOARD 
Francesco Bignardi 
Guido Carl! 
Cesare Cosciani 
Antigono Donati 
Lucio Izzo 
Alberto Mucci 
Nerio Nesi, Chairman 
Francesco Parrillo 
Romano Prodi 
Pasquale Saraceno 
Luigi Ceriani, Editor 
A. Roncaglia, Asst. Ed. 
VIA V. VENETO, 119 
I - 00187 ROMA 
January 26, 1982 
Dear Professor Steindl, 
I imagine that our letters have crossed in the 
mail, and that by now you will have received my reply 
of Jan. 12 (your first letter was probably delayed by 
the Christmas holydays). 
Now I enclose the first proofs; your paper is 
scheduled for the March issue, in both Quarterly Re 
view and Moneta e Credito. 
With kind regards, 
Yours sincerely, 
(Alessandro Roncaglia) 
P.S. How many offprints would you like to receive? 2° 
is? 
Prof. Jozef STEINDL 
Osterreichisches Institut 
fur Wirtschaftsforschung 
Postfach 91 
1103 WIEN 
/ar 
Enel.