2.09 Dipartimento di Scienze Economiche

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Working Papers of Department of Economics

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Welfare Effects of Electric Aircraft Introduction in the Italian Air Transport Market: A Structural Approach

We measured the social welfare effects of the introduction of all-electric aircraft using data from the air transport sector in Italy. The estimation of the welfare effects was done through a structural model typical of empirical industrial organisation work, in which equilibrium is estimated through the interaction of demand (from passengers) and supply (from airlines), and its perturbation due to the introduction, in some routes where it is technologically possible, of electrically powered ...

Flight Delays, Operational Responses, and Their Environmental Cost: Evidence from European Skies

This paper investigates the operational and environmental consequences of flight delays in the European airline industry. Using detailed 2023 data on aircraft rotations, we develop three complementary empirical models. The first quantifies within-flight mitigation, capturing how airlines strategically absorb departure delays through en-route and destination-side adjustments. The second examines delay propagation across consecutive flights, shedding light on the effectiveness of turnaround buf...

Robot adoption and occupational health

How does robotization affect occupational health? In this paper, we investigate the impact of robot diffusion on workplace accidents and deaths in Italy, for the period 2008-2018. We adopt an instrumental variables (IV) approach that exploits robot adoption in Japan and South Korea to deal with endogeneity. We show that automation reduces fatal and non-fatal accidents in particular for men. We provide evidence consistent with the idea that this reduction may be attributed to a shift in task ...

The judgmental strategy of professional forecasters [nuova versione]

We introduce a new definition of forecasting coherence based on the Likelihood Principle and a “Scoring Structure” environment where a Forecast User interacts with a Forecast Producer and Reality to detect strategic interaction among economic agents’ forecasting bias. This mathematical object is necessary to identify and parametrize coherence in a feasible econometric model and give it a structural interpretation. Structural coherence is evaluated through a formal test that satisfies theoret...

Women’s Empowerment through Financial Literacy in a Developed Country

This paper presents the results of a financial literacy intervention conducted in collaboration with two Italian NGOs supporting women in distress, particularly those facing unemployment, economic dependency or domestic abuse. The program consisted of an interactive lecture focused on essential financial concepts, particularly budgeting and savings. Using a phase-in Randomized Controlled Trial (RCT) design, we assess the impact of this intervention on participants’ financial knowledge and con...

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