Introducing the DEMS PhD Student Seminars
We are excited to launch a new initiative designed to create a welcoming, supportive, and stimulating environment for all PhD students at DEMS.
This seminar series is your dedicated space to:
Present your research: Share your ongoing work and preliminary findings.
Discuss your proposals: Outline and refine your future research directions.
Receive constructive feedback: Engage with peers and senior researchers to strengthen your methodologies.
Exchange ideas: Build a collaborative network and grow professionally alongside your colleagues.
The goal is simple: to build a vibrant academic community where everyone feels comfortable sharing their work and improving it through open discussion.
Regular reminders and agendas will be sent out before each presentation, so please stay tuned!
We truly hope you will join this initiative. Your participation, ideas, and support are what will make it a real success. Let’s learn, discuss, and grow together.
Aya Jandoubi
3rd Year Student – University of Milano-Bicocca
📅 March 18, 2026, 12:30
📍 Location: U6-10
🔎 Field: Applied Econometrics
Title: The Dual Role of Renewables in Zonal Electricity Markets: Price Efficiency and Spatial Fragmentation
Abstract: This paper investigates the impact of renewable energy sources (RES) on zonal electricity market dynamics, focusing on the trade-off between price efficiency and spatial market fragmentation. Using a daily dataset of the Italian day-ahead market (2017–2023), a Common Correlated Effects Mean Group (CCE-MG) estimator is employed to account for unobserved common shocks and cross-sectional dependence across bidding zones. The findings confirm that while RES marginality significantly lowers absolute zonal prices, it simultaneously exacerbates spatial price decoupling, signaling increased market fragmentation. Specifically, a ”shielding effect” is identified during the 2022 energy crisis: zones with high renewable penetration exhibited significantly larger discounts relative to the national benchmark, effectively mitigating the pass-through of extreme natural gas volatility. Conversely, Market Coupling serves as a crucial centripetal force, partially offsetting the fragmentation induced by intermittent generation. These results suggest that while renewables enhance local affordability and resilience against fossil fuel shocks, they necessitate reinforced grid integration and policy coordination to maintain the integrity of the single electricity market.
Lorenzo Portaluri
3rd Year Student – University of Milano-Bicocca
📅 April 22, 2026, 12:30
📍 Location: U6-10
🔎 Field of Study: Applied Game Theory and Political Economy
Title: The Transparency Trap: Quality of Public Information and the Intensity of Revolutionary Violence
Abstract: This paper develops a theoretical framework to study how the quality of public information shapes the intensity of revolt in global games of regime change. Building on the canonical literature, I model citizens deciding whether to attack a regime where intensity determines both effectiveness and failure costs. I extend the framework by endogenizing total conflict intensity through the strategic interaction of vanguard groups seeking to maximize the potential of the attack, and including the regime's response. The analysis reveals a non-monotonic "transparency trap": at intermediate beliefs, the relationship between information quality and total violence becomes U-shaped. Intensity is high when information is scarce (serving as a substitute coordination device), minimizes at intermediate levels, and surges again when high transparency facilitates violent coordination. These dynamics persist when intensity is the outcome of decentralized strategic choice. Moreover, as the number of competing vanguard groups increases, so does the equilibrium intensity. I empirically test these predictions drawing 177 events from the Revolutionary Episodes dataset (1900–2014), combined with historical Freedom of Expression indices. The results provide robust support for the U-shaped hypothesis and confirm that higher vanguard competition structurally escalates conflict. These findings highlight that transparency reforms can have counterintuitive effects, providing relevant policy implications.
Ph.D. programme coordinator
Supervisor
Organizers