Research

Published articles

Algorithmic Collusion: Genuine or Spurious? , with E. Calvano, V Denicolò and Sergio Pastorello, INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, June. 2023.
Asset trade, Real investment and a tilting Financial transaction tax, 2022, with Swarnava Biswas, Fabio Castiglionesi, Tobias Dieler, MANAGEMENT SCIENCE
Autonomous algorithmic collusion: Economic research and policy implications, 2021, with Stephanie Assad, Emilio Calvano, Giacomo Calzolari, Robert Clark, Vincenzo Denicolò, Daniel Ershov, Justin Johnson, Sergio Pastorello, Andrew Rhodes, Lei Xu, Matthijs Wildenbeest, OXFORD REVIEW OF ECONOMIC POLICY,
Algorithmic Collusion with Imperfect Monitoring, 2021, with E. Calvano, V. Denicolò, S. Pastorello, INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
Protecting consumers from collusive prices due to AI, 2020 with E. Calvano, V. Denicolò, J. Harrington, S. Pastorello. Nov 27, 2020, SCIENCE, cover-featured article.
Artificial intelligence, algorithmic pricing and collusion, 2020 with E. Calvano, V. Denicolò, S. Pastorello. AMERICAN ECONOMIC REVIEW, Oct. 2020. Media Coverage: [Wall Street Journal] [US National Public Radio] [Popular mechanics] [Le Monde] [MIT tech review] [Financial Times] [VOXEU column] [Oxford Business law blog] [MachineByte UK] [Canadian Public Radio: listen!] [DAS Profil - Austria]

Online Appendix. Code and Instructions.

Exclusive dealing with distortionary pricing, with V. Denicolò and P. Zanchettin, 2020, The RAND JOURNAL OF ECONOMICS. Online Appendix.
Price-cost tests in loyalty discount cases, 2020, with V. Denicolò, INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION. Online Appendix.
Growth prospects for small and medium enterprises, 2019, with Giorgio Barba Navaretti, Gianmarco Ottaviano and Alberto Franco Pozzolo, in “Capital Market Union and Beyond,” Editors: Franklin Allen, Ester Faia, Michael Haliassos, Katja Langenbucher, MIT Press.
Bank size and financial cross-border linkages, 2019, with G. Barba Navaretti, A. Pozzolo, MT. Trentinaglia, JOURNAL OF FINANCIAL SERVICES RESEARCH.
Multinational Banks and Supranational Supervision, 2019, with Jean-Edouard Colliard (HEC) and Gyongyi Loranth (University of Vienna), REVIEW OF FINANCIAL STUDIES.
Algorithmic Pricing: What Implications for Competition Policy? 2019, with E. Calvano, V. Denicolò, S. Pastorello, REVIEW OF INDUSTRIAL ORGANIZATION.
Carbon is Forever: a Climate Change Experiment on Cooperation, 2018, with Riccardo Ghidoni and Marco Casari, JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT.
What is in a (IP) Box: Patents or Secrets? A comment. ECONOMIC POLICY 2018, Volume 33, Issue 93
Climate change: Behavioral responses from extreme events and delayed damages, 2017, with M. Casari and R. Ghidoni ENERGY ECONOMICS
Inelastic Buyers and Competition, with A. Ichino, F. Manaresi, V. Nellas 2017, ECONOMIC JOURNAL.
Effective Reminders, with M. Nardotto, 2016 MANAGEMENT SCIENCE, Volume 63, Issue 9
Conglomerates and regulation, with C. Scarpa, 2016 ECONOMIC INQUIRY, Vol. 54, Issue 3, pp. 1648-1669
Exclusive contracts and market dominance, with V. Denicolò AMERICAN ECONOMIC REVIEW 2015, 105(11): 3321–3351
Competition with exclusive contracts and market-share discounts with V. Denicolò AMERICAN ECONOMIC REVIEW 2013 103(6): 2384-2411

(Best Paper Award: ACE Association of Competition Economics)

Competitive quantity discounts, with V. Denicolò, INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, Volume 29, Issue 3, May 2011, Pages 337-341
Multinational Banking in Europe: Financial Stability and Regulatory Implications Lessons from the Financial Crisis with G. Barba Navaretti,, M. Levi and A. F. Pozzolo, ECONOMIC POLICY, Volume 25, Issue 64, pages 703–753, October 2010
On the Regulation of Multinational Banks: a theoretical inquiry, with G. Loranth JOURNAL OF FINANCIAL INTERMEDIATION, Volume 20, Issue 2, April 2011, Pages 178-198
Truthful Revelation Mechanisms for Simultaneous Common Agency Games, with A. Pavan (Northwestern University), AMERICAN ECONOMIC JOURNAL: MICROECONOMICS, Volume 2, Number 2, May 2010 , pp. 132-190(59)
Footloose monopolies: regulating a national champion, with C. Scarpa, JOURNAL OF ECONOMICS AND MANAGEMENT STRATEGY vol. 18(4), pages 1179-1214, December 2009
Sequential Contracting with Multiple Principals, with A. Pavan, JOURNAL OF ECONOMIC THEORY, vol. 144(2), pages 503-531, March 2009
On the use of menus in sequential common agency, with A. Pavan GAMES AND ECONOMIC BEHAVIOR Volume 64, Issue 1, September 2008, Pages 329-334
Export restraints in a model of trade with capital accumulation, with L. Lambertini JOURNAL OF ECONOMIC DYNAMICS AND CONTROL, Volume 31, Issue 12, December 2007, Pages 3822-3842
Monopoly with Resale, with A. Pavan, THE RAND JOURNAL OF ECONOMICS, 2006, Volume 37, No. 2
On the Optimality of Privacy in Sequential Contracting, with A. Pavan, JOURNAL OF ECONOMIC THEORY, 2006, Volume 130, No. 1
Hormone Beefs, Chlorinated Chickens and International Trade, with G. Immordino, EUROPEAN ECONOMIC REVIEW (when former review of the European Economic Association), 2005, Volume 49, Issue 1, pp: 145-172

(Winner of the Young Economist Award)

Incentive Regulation of Multinational Enterprises, INTERNATIONAL ECONOMIC REVIEW, Volume 45, Issue 1, February 2004, pp:257-282
Theory and practice of regulation facing multinational enterprises, JOURNAL OF REGULATORY ECONOMICS, 20 (2):191-211, September 2001
Tariffs vs Quotas in a model of trade with capital accumulation, with L. Lambertini, (University of Bologna), REVIEW OF INTERNATIONAL ECONOMICS Vol. 14, No. 4, pp. 632-644, September 2006
On the Regulation of Multinational Banks, with G. Loranth, in Rivista di Politica Economica, n. 91, 2001, also published in Antitrust, Regulation and Competition: Theory and Practice, Palgrave (Macmillan-StMartin’s Press) Lambertini, L. (2002, ed.)

Working papers

Artificial intelligence, algorithmic recommendation and competition, 2023, with E. Calvano, V. Denicolò, S. Pastorello. Additional material.
Machine Data: market and analytics, 2022, with Anatole Cheysson and Riccardo Rovatti.
Exclusive Secrets, 2024, with David Angenendt and Alireza Naghavi.
Algorithms in the Wild: Evidence from an Online Marketplace, 2022, with Vito Stefano Bramante, Emilio Calvano , and Maximilian Schäfer
Trade credit and raising rival's prices, 2022 with G. Cestone, V. Denicolò.
Pricing algorithms out of the box: a study of the repricing industry, 2022 with Philip Hanspach.
Transparency and competition for influence, 2023, with Sofia Amaral-Garcia, Mattia Nardotto, V. Denicolò, online appendix.
Algorithmic collusion: genuine and spurious, 2021, with E. Calvano, V. Denicolò, S. Pastorello.
Exploiting rivals' strengths, 2021 wp, with V. Denicolò
The scope of exclusivity clauses, 2020 wp, with V. Denicolò
Back to normal: economic centrality and priority of sectors after Covid lock-down, [in Italian] with G. Barba Navaretti, A. Dossena, A. Lanza, A.F. Pozzolo.
Q-Learning to cooperate, with E. Calvano, V. Denicolò, S. Pastorello.
Relational Contracts, Procurement Competition, and Supplier Collusion, 2020 (new version of former "Relational Contracting and Competitive screening"), with G. Spagnolo.
Innovation, Competition and Trust: Evidence from German Car Manufacturers, with L. Felli, J. Koenen, G. Spagnolo, K. Stahl, 2018.

Work in progress

• Transparency and Lobbying, with V. Denicolò

• Relational common agency, with Alessandro Pavan

• Rising rival's price, with V. Denicolò

• Incentives to invest and exclusivity, with V. Denicolò

• Hybrid screening, with Alessandro Pavan and Vincenzo Denicolò

• Damage functions and the mitigation of climate change: Insights from experiments.