Embedded Files
Publications
Publications
Procompetitive effects of vertical mergers? Evidence from the European Union
with A. Rungi, International Journal of Industrial Organization, Volume 109, 2026, 103321, ISSN 0167-7187
[Paper]
Better Together: How Digital Connectivity and Regulation Reduce Trade Costs
with S. Rubinova and R. Piermartini, Review of International Economics (2025) [Paper]Navigating Uncertainty: Multinationals’ Investment Strategies after the Pandemic Shock.
with A. Rungi, Italian Economic Journal (2023). [Paper]
Chapters in books
Chapters in books
A. Rungi, C. Bellucci (2022). Le imprese estere in Italia e i nuovi paradigmi della competitività. V. Meliciani, A. Ruocco (Eds.), Multinazionali e catene globali del valore, Rubbettino [Book].
Working Papers
Working Papers
Common Ownership, Technological Spillovers and Market Power: Evidence from Global listed firms
with D. Verdini and E. Zaurino
Passive investing has expanded common ownership, raising concerns about its effects on competition but also opening a potential efficiency channel via information spillovers. We test whether common owners facilitate spillovers across portfolio firms and, through that channel, reshape competitive conduct. Using a global panel of listed firms (2007–2023), we recover measures of market power, common ownership and technological spillovers to estimate the interaction effect of common ownership and technological spillovers on market power and firm productivity. We address endogeneity concerns thorugh a DID model with continous treatment, using M&A of financial institutions as a source of exogenous variation in common ownership.
Work in progress
Work in progress
We study the causal effect of automation on workplace safety using firm-level data on both robot adoption and occupational injuries for France over 2003–2018. Combining customs records (DGDDI) used to detect firm-level automation spikes with administrative injury data (AT-MP) from the French social security system, we exploit the staggered timing of automation events in a difference-in-differences design with heterogeneous treatment timing (Callaway and Sant’Anna, 2021). We find that automation spikes lead to a sizeable reduction in the annual number of workplace injuries at the firm level. The overall average treatment effect on the treated is negative and highly significant, with the magnitude of the reduction increasing over the post-adoption horizon. To the best of our knowledge, this is the first study to measure the relationship between automation and occupational injuries using firm-level information for both dimensions.
Conferences and Seminars
Conferences and Seminars
2025 25th Simposio de Análisis Económico (SAEe), Barcelona, Spain - XXXIX Jornadas de Economia Industrial, Santander, Spain
2023 Local Geneva Trade and Development Workshop, WTO, Geneva - 64a Riunione Scientifica Annuale della Società Italiana di Economia, GSSI, L'Aquila - ASSA 2023 American Economic Association Conference, New Orleans, United States
2022 23rd European Trade Study Group, Groningen, Netherlands - XXXVI Jornadas de Economia Industrial, Las Palmas de Gran Canaria, Spain - Royal Economic Society Annual Conference (RES), London, UK (online) - 14th FIW Research Conference 'International Economics', (online) - Multinational Enterprises and Local Competencies, Workshop LUISS, Rome, Italy
2021 22nd European Trade Study Group, Ghent, Belgium
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