Vincenzo Valori Associate Professor Department of Economics and Management University of Florence - Italy
How to contact me Address: Department of Economics and Management Via delle Pandette, 32 - 50127 Firenze - Italia Phone: +39 055 2759 658 E-mail: vincenzo.valori@unifi.it Skype: vincenzo.valori Other web pages: Official, ORCID

(This academic year's) teachings Experimental Economics (Ph.D. in Economics) Experimental Economics Lab (M.Sc. in Economics) (Moodle) Economy and Society (B.Sc. in Sustainable Business for Societal Challenges) (Moodle) Laboratorio di Economia Sperimentale (B.Sc. in Economia e Commercio) (Moodle) Economia Politica (B.Sc. Scienze Giuridiche della Sicurezza) (Moodle)

Research interests Contracts: Fairness and communication in contracts Fairness and collective bargaining Work in progress: - Collective bargaining and fairness: an experimental study. Endowment effect: Effect of duration of possession and nature of the asset on the EE Work in progress: - The Endowment Effect with different possession times and types of items. With Domenico Colucci (Università degli Studi di Firenze) and Chiara Franco (Università degli Studi di Pisa) Social entrepreneurship and sustainability: Social entrepreneurship and market behavior Work in progress: - A market experiment with social and traditional entrepreneurs: efficiency issues and sustainability goals. With Mario Biggeri, Nicola Doni, and Domenico Colucci (Università degli Studi di Firenze) Asymmetric information, reputation and efficiency in electronic markets: Information revelation in public procurement Reputation and efficiency in internet auctions Work in progress: - Sub-optimal feedback behaviour in a simulated market experiment. With Domenico Colucci (Università degli Studi di Firenze) and Simone Salotti (EU Commission) Bounded rationality and learning: Bounded rationality in economic models Properties of adaptive learning heuristics Learning with Heterogeneous agents Experimental validation of alternative assumptions about real agents' behaviour Work in progress: - Experimental data on forecasts in positive and negative feedback models explained with simple heuristics. With Domenico Colucci (Università degli Studi di Firenze) - Entry-exit in a dynamic model with one dominant firm and a competitive fringe. With Domenico Colucci, Nicola Doni, and Giorgio Ricchiuti (Università degli Studi di Firenze)    Publications and other writings D. Colucci; N. Doni; G. Ricchiuti; V. Valori (2022). Market dynamics with a state-owned dominant firm and a competitive fringe. CHAOS, SOLITONS AND FRACTALS, 161, 1-11. M. Biggeri, D. Colucci, N. Doni, V. Valori, (2022). Sustainable Entrepreneurship: Good Deeds, Business, Social and Environmental Responsibility in a Market Experiment. SUSTAINABILITY, 14, 1-20. D. Colucci; M. Del Vigna; V. Valori (2022). Large and uncertain heterogeneity of expectations: stability of equilibrium from a policy maker standpoint. JOURNAL OF ECONOMIC INTERACTION AND COORDINATION, 17(1), 319-348. D. Colucci, N. Doni, V. Valori (2021). Endowment effects at different time scenarios: the role of ownership and possession. Dipartimento di Economia e Management, Università degli Studi di Pisa. D. Colucci, N. Doni, V. Valori (2019). Information revelation in procurement auctions: an equivalence result. Dipartimento di Economia e Management, Università degli Studi di Pisa. E. Testi, M. Biggeri, D. Colucci, N. Doni, V. Valori (2018). Are decision makers in Social Enterprises more pro-social than their peers? An analysis of production and consumption choices. In: M. Biggeri, E. Testi, M. Bellucci, R. During and T. Persson (Eds.). SOCIAL ENTREPRENEURSHIP AND SOCIAL INNOVATION: Ecosystems for Inclusion in Europe, pp. 69-95, Londra: Routledge. D. Colucci, N. Doni, V. Valori (2015). Information Policies in Procurement Auctions with Heterogeneous Suppliers. JOURNAL OF ECONOMICS, 114(3), 211-238. (Earlier and partially different working paper version available through IDEAS) D. Colucci, V. Valori (2015). Stabilizing inflation in a simple monetary policy model with heterogeneous agents. MATHEMATICS AND COMPUTERS IN SIMULATION, 108, 233-244. (working paper version - with a different title - available through IDEAS) D. Colucci, N.Doni and V. Valori (2012).Preferential treatment in procurement auctions through information revelation. ECONOMICS LETTERS, 117(3), 883-886. (working paper version available through IDEAS) D. Colucci, N.Doni and V. Valori (2012).Information revelation in procurement auctions: an equivalence result. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 2012-07. (Submitted to Economic Modelling) D. Colucci, S. Salotti and V. Valori (2012). Some clues to the determinants of feedback behaviour. In: Enrico Gerding, Peter McBurney, Frank McGroarty. Proceedings of the 13th International Conference on Electronic Commerce Proceedings, pp. 1-4, New York: ACM / Association for Computing Machinery. D. Colucci and V. Valori (2012). Bounded rationality and parameters’ uncertainty in a simple monetary policy model. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 2012-03. D. Colucci and V. Valori (2011).-Adaptive expectations and Cobweb phenomena: does heterogeneity matters? JOURNAL OF ECONOMIC DYNAMICS AND CONTROL, 35, 1307-1321. (Earlier and partially different working paper version available through IDEAS) D. Colucci and V. Valori (2011). Can Endogenous Participation Explain Price Volatility? Evidence from an Agent-Based Cobweb Model. COMPUTATIONAL ECONOMICS, 38(3), 425-437. (working paper version available through IDEAS) D. Colucci, S. Salotti and V. Valori (2011). Good bargains and reputable sellers - An experimental investigation of electronic feedback systems. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 2011-04. D. Colucci, N. Doni and V. Valori (2009). Dynamics in non-binding procurement auctions with boundedly rational bidders. NONLINEAR DYNAMICS IN ECONOMICS, FINANCE AND THE SOCIAL SCIENCES - Essays in Honour of John Barkley Rosser Jr.; Gian-Italo Bischi, Carl Chiarella, Laura Gardini, (Eds.). (working paper version available through IDEAS) D. Colucci and V. Valori (2008). Asset price dynamics when behavioural heterogeneity varies. COMPUTATIONAL ECONOMICS, 32, 3-20. (extended working paper version with longer appendix available through IDEAS) M. Longo and V. Valori (2006). The comparison test - Not just for nonnegative series. MATHEMATICS MAGAZINE, 79(3), 201-206. (extended working paper version available through IDEAS) D. Colucci and V. Valori (2006). Ways of learning in a simple economic setting: a comparison. CHAOS, SOLITONS & FRACTALS, 29(3), 653-670. (working paper version available through IDEAS) D. Colucci and V. Valori (2005). Error learning behaviour and stability revisited. JOURNAL OF ECONOMIC DYNAMICS AND CONTROL, 29(3), 371-388. (Extended and differently titled working paper version) D. Colucci and V. Valori (2004). Adaptive learning in the Cobweb with an endogenous gain sequence. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 04/13. D. Colucci and V. Valori (2003). EDA learning in a cobweb model. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 03/10. E. Barucci and V. Valori (2003). Forecast interactions in an inflation targeting monetary policy. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, 03/09. M. Longo and V. Valori (2001). Existence and stability of equilibria in OLG models under adaptive expectations. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, n.01/06, May 2001. G.I. Bischi and V. Valori (2000). Nonlinear effects in a discrete-time dynamic model of a stock market. CHAOS, SOLITONS & FRACTALS, 11(13), 2103-2121, October 2000. (working paper version available through IDEAS) V. Valori (2000). Aspettative ed apprendimento in macroeconomia. Ph.D. final dissertation. D. Colucci and V. Valori (1999). Expectations of learning agents and stability of perfect foresight equilibria in discrete time dynamic economic models. DiMaD Working Paper (Quaderni del Dipartimento di Matematica per le Decisioni), Università degli Studi di Firenze, n.99/09. D. Colucci and V. Valori (1999). Adaptive expectations with an endogenous learning step: some preliminary results. Proceedings of the XXIII A.M.A.S.E.S. Conference. V. Valori (1996). Iterazione di mappe come sistemi dinamici discreti. Una applicazione allo studio delle interazioni fra raccolta netta dei fondi e livello dei prezzi in un mercato azionario. B.Sc. Final dissertation.   BEELab+ - Behavioural and Experimental Economics Lab BEELab+ is the Behavioural and Experimental Economics Laboratory of the University of Florence. It was founded in 2005 by Domenico Colucci and myself mainly for teaching purposes. During the years our focus has mainly turned toward research and now the Lab activities involve a growing group of researchers interested in using experiments in their research activity. We periodically organise workshops and conferences. Details about the activities carried out by the research group can be found on the BEELab+ webpage.       Last update: August 29th, 2023