Giovanni Colla Rizzi
Bienvenu(e)s!
I am a PhD candidate at Toulouse School of Economics. I do research in industrial organisation, focusing on data economics and market imperfection.
In my theoretical work I use statistical decision theory to quantify the value of data in prediction problems and I document a complementarity between number of users and depth of user data which drives increasing returns in targeted-ad markets. I identify when micro-level statistical phenomena imply data markets are a natural monopoly.
In my applied work with Friedrich Lucke and Giovanni Morzenti, we document that the reduction of macroeconomic volatility during the Great Moderation explains one-third of the rise in markups since the 1980s. We argue that the decrease in volatility altered micro-level incentives to sustain tacit collusion, thereby increasing the market power of firms. This suggests competition and macroeconomic policy need to be closely linked to avoid pursuing conflicting goals.
A Theory of the Value of Data
Microfounding S-shaped Returns
The Price of Stability
Volatility and the Rise in Markups during the Great Moderation
(joint with F. Lucke & G. Morzenti)
Fields of Research:
Industrial Organisation
Statistical Decision Theory
Collusion
Competition Policy & Regulation
Contacts:
Toulouse School of Economics
1, Esplanade de l'Université
31080 Toulouse Cedex 06
Office: T.669
giovanni[dot]rizzi[at]tse[hypen]fr[dot]eu
giovanni[dot]colla[dot]rizzi[at]gmail[dot]com