Marco Fanno Prize

 The Marco Fanno Prize was founded in 2004 to celebrate our department's research quality among young researchers. It was awarded annually until 2014.

This year the prize is re-established with a new formula - two prizes, one for Economics, one for Accounting/Management and there are nine candidates (six for Economics and three for Accounting/Management).

The prize is for Postdoctoral Researchers and Assistant Professors of the department. Each winner will receive 1500 euros in research funds.  

More than a competition, it is an opportunity to recognise the quality of our young talents' work. 


'Marco Fanno Prize 2022' candidates

  Economics area

Riccardo Camboni
"Purchasing medical devices: The role of buyer competence and discretion"
Journal of Health Economics 

This paper investigates the price variability of standardized medical devices purchased by Italian Public Buyers (PBs). A semiparametric approach is used to recover the marginal cost of each device. Average prices vary substantially between PBs; we show that most of the difference between the purchase prices and estimated costs is associated with a PB fixed effect, which, in turn, is related to the institutional characteristics and size of the PB. Repeating the main estimation using device fixed effects yields similar results. Finally, an exogenous policy change, i.e. the termination of the mandatory reference price regime, is used to assess how discretion affects medical device procurement given the skills of each PB. Our results show that less PB discretion — i.e. when mandatory reference prices apply — determines efficiency gains and losses for low- and high-skilled PBs, respectively.


Chiara Dal Bianco
"The effect of work disability on the job involvement of older workers" 
Journal of Economic Behavior and Organization

This paper analyzes the effect of work disability on the job involvement of workers living in Europe. We exploit objective health indicators and anchoring vignettes to enhance the comparability across individuals. Individuals’ evaluations of their health-related work limitations are found to be mildly affected by justification bias but to depend on individual heterogeneity in reporting behaviour. Work disability significantly reduces the job involvement of workers.


Giuseppe Danese
"One person’s trash is another person’s treasure: In search of an efficient property regime for waste in the Global South"
Water Management

Empirical work conducted by an NGO shows that laws about access to waste are a central concern for waste pickers in the Global South. I show in this paper that any property regime that tries to exclude the waste pickers from accessing waste is associated with high transaction costs. I defend the thesis that the res nullius (no one's property) regime, complemented by waste pickers' organizations, regulates the waste sector efficiently in the Global South.


Edoardo Grillo
"Economic and social-class voting in a model of redistribution with social concerns"
Journal of the European Economic Association

We investigate how social status concerns affect preferences for redistribution. Social status is given by an individual's relative standing in two dimensions: consumption and social class. Redistribution modifies the weights of these two dimensions. As a result, some members of the working class may oppose redistribution, while some members of the socio-economic elites may favor it. This increases polarization concerning redistributive policies and gives rise to interclass coalitions of voters that, despite different monetary incentives, support the same tax rate. 


Leonardo Madio/Francesco Principe
"Do-It-Yourself medicine? The impact of light cannabis liberalization on prescription drugs"
Journal of Health Economics

Governments worldwide are increasingly concerned about the booming use of CBD (cannabidiol) products. However, we know little about the impact of their liberalization. We study a unique case of unintended liberalization of a CBD-based product (light cannabis) that occurred in Italy in 2017. Using unique and high-frequency data on prescription drug sales and by exploiting the staggered local availability of the new product in each Italian province, we document a significant substitution effect between light cannabis and anxiolytics, sedatives, opioids, anti-depressants and anti-psychotics. Results are informative for regulators and suggest that bans on light cannabis use would disregard the needs of patients to seek effective reliefs of their symptoms.


Alessia Russo
"Youth Enfranchisement, Political Responsiveness, and Education Expenditure: Evidence from the US" 
American Economic Journal: Economic Policy 

We examine the link between the political participation of the young and fiscal policies in the United States. We generate exogenous variation in participation using the passage of preregistration laws, which allow the young to register before being eligible to vote. After documenting that preregistration promotes youth enfranchisement, we show that preregistration shifts state government spending toward higher education, the type of spending for which the young have the strongest preference.

  Management/Accounting area

Simone Carmine
"Reviewing Paradox Theory in Corporate Sustainability Toward a Systems Perspective"
Journal of Business Ethics

Paradox theory has recently emerged as a promising way to approach the complexity of corporate sustainability. However, the fuzziness in the empirical use of the concept of “paradox” and the absence of a systems perspective limits its potential. In this paper, we perform a systematic review of the empirical literature related to paradox and sustainability. Our analysis provides a comprehensive account of the uses of the construct - which allows the categorization of the literature into three distinct research streams: 1) paradoxical tensions, 2) paradoxical frame/thinking, and 3) paradoxical actions/strategies. Further, by adopting a system perspective, we propose a theoretical framework that considers possible interconnections across the identified paradoxical meanings and different levels of analysis and discuss key research gaps emerging.


Ambra Galeazzo
"Organizational and Perceived Learning in the Workplace: A Multilevel Perspective on Employees’ Problem Solving"
Organization Science

This research draws attention to the multilevel role of learning on employees’ systematic problem solving (SPS) behavior, which aims to prevent the recurrence of a problem.  We highlighted that learning occurs through the organizational and perceived mechanisms of knowledge articulation and knowledge codification. Compared to organizational knowledge articulation (OKA) and knowledge codification (OKC), learning captured through the perceived mechanisms of knowledge articulation (PKA) and knowledge codification (PKC) supposes employees take an active part in the learning processes and interpret them differently. Employing a multilevel structural equation modeling on a sample of 383 shop floor employees in 52 plants, our findings indicate that OKC affects SPS, while OKA affects OKC. Moreover, results show that both PKA and PKC have strong positive effects on SPS. This study expands the understanding of the role of problem solving in routine evolution.


Alessandra Tognazzo
"Family Business Leaders’ Metaphors and Firm Performance: Exploring the “Roots” and “Shoots” of Symbolic Meanings" 
Family Business Review

To investigate the complex dynamics when family members with differing perceptions and interpretations of reality jointly lead their family business, this research adopts an epistemic-operative interview technique using Morgan’s images of organization. We explore how family leaders’ root metaphors, which are symbolic frames that help understand individuals’ attitudes and behaviors, are linked to family businesses’ behavior and performance. Analyzing six Italian family hotels, we derive four structures of family symbolic meanings and explain how and why relationships and innovation are mechanisms through which firm performance is related and connected to the offshoots of the meanings of family leaders’ root metaphors.