Vincenzo Valori
Assistant Professor

Department of Economics and Management
University of Florence - Italy
 

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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, IDEAS

 


(This year's) teaching

Microeconomia (M.Sc. in Governo e Direzione d'Impresa - Un. of Florence)

 

(Last year's) teaching

Microeconomia (M.Sc. in Governo e Direzione d'Impresa - Un. of Florence)

Microeconomics - Game Theory module (M.Sc. Economics - Un. of Constance)

Fundamental Methods of Mathematical Economics 1 and 2 (B.Sc. Economics - Un. of Constance)

Industrial Organization (B.Sc. Economics - Un. of Constance)

 


Research interests

Contracts:

Fairness and communication in contracts
Fairness and collective bargaining

Work in progress:
-
Collective bargaining and fairness: an experiment. With Domenico Colucci (Università degli Studi di Firenze) and Costanza Piovanelli (Università degli Studi di Trento)

Auctions:

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 (Oxford Brookes University)

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)
- A Zero/One theorem on dynamic economic models
with heterogeneous agents. With Domenico Colucci (Università degli Studi di Firenze) and Matteo del Vigna (Università degli Studi di Firenze)

 


Publications and other writings

D. Colucci, N. Doni, V. Valori (2015). Information Policies in Procurement Auctions with Heterogeneous Suppliers. Journal of Economics, vol.114/3, pp. 211-238, ISSN:0931-8658. (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, vol.108, pp. 233-244, ISSN:0378-4754. (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, vol.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, vol.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, vol.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, vol. 32: pp. 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, Vol. 29, Issue 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 . Vol. 29/03, 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, Vol. 11, Issue 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 on past and future meetings can be found on the BEELab web page.

 

BEELab - Behavioural and Experimental Economics Laboratory

 


Curriculum vitae et studiorum


Last update: March 7th, 2016