Paolo Giovanni Piacquadio

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Rom ES 1106

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Personal webpage

Academic Interests

Microeconomic Theory, Welfare Economics, Public Economics, and Environmental Economics.

Higher education and employment history

2008-2013 PhD in Economics from CORE and IRES at Université catholique de Louvain, Belgium.

Publications

Journal articles

"A Fairness Justification of Utilitarianism." Econometrica, 2017, forthcoming.
"Equity and Efficiency in an Overlapping Generation Model." (with T. Isaac) Social Choice and Welfare, 2015, 549-565.
"Intergenerational Egalitarianism." Journal of Economic Theory, 2014, 153: 117-127.
“Announcements as an Equilibrium Selection Device” (with N. Acocella, G. Di Bartolomeo and A. Hughes-Hallett). Oxford Economic Papers, 2014. 66: 325-347.
Conflict of interests, (Implicit) Coalitions and Nash Policy Games” (with N.Acocella and G. Di Bartolomeo), Economics Letters, 2009, 105: 303-305.

Book chapters

“Conflicts and coordination among groups” (with N. Acocella, G. di Bartolomeo, and A. Hughes-Hallett) in The theory of economic policy in a strategic context, N. Acocella, G. di Bartolomeo, and A. Hughes-Hallett; Cambridge University Press, Cambridge. 2012.
Announcements as a coordination mechanism” (with N. Acocella, G. di Bartolomeo, and A. Hughes-Hallett) in The theory of economic policy in a strategic context, N. Acocella, G. di Bartolomeo, and A. Hughes-Hallett; Cambridge University Press, Cambridge. 2012.

Working papers and work in progress

The Ethics of Intergenerational Risk, 2017.
A Lipsetian theory of institutional change: development, education, inequality, and resources (with R. Boucekkine and F. Prieur). CESifo working paper, December 2016.
How equitable is the distribution of opportunities? Theory and empirics (with R. Aaberge)
Intergenerational population ethics (with G. Asheim and S. Zuber)
Social and Individual Deprivation: a Fairness Approach

Emneord: Samfunnsøkonomi, Vekst og utvikling, Inntekt arbeid og velferd, Ressurser energi og miljø, Økonomisk politikk, Adferd informasjon og strategi

Piacquadio, Paolo Giovanni (2020). The ethics of intergenerational risk. Journal of Economic Theory. ISSN 0022-0531. 186. doi: 10.1016/j.jet.2020.104999. Fulltekst i vitenarkiv
Boucekkine, Raouf; Piacquadio, Paolo Giovanni & Prieur, Fabien (2019). A Lipsetian Theory of Voluntary Power Handover. Journal of Economic Behavior and Organization. ISSN 0167-2681. 168, s. 269–291. doi: 10.1016/j.jebo.2019.10.010. Vis sammendrag
We consider an autocracy where the ruling elite control both the resource wealth and education policies. Education prompts economic growth and enriches the budget of the elite. However, education also increases the “awareness of citizens” – capturing their reluctance to accept a dictatorship and their labor market aspirations – and forces the elite to expand redistribution or handover the power. A power handover leads to a more democratic regime, where the elite retains (at least partially) its economic power. This trade-off is the backbone of our Lipsetian theory of voluntary power handover. This theory provides new insights on the positive relationship between economic development, education, and democratization, and on the negative relationship between inequality and democratization. Finally, we revisit the resources-curse hypothesis within our setting.
Piacquadio, Paolo Giovanni (2017). A Fairness Justification of Utilitarianism. Econometrica. ISSN 0012-9682. 85(4), s. 1261–1276. doi: 10.3982/ECTA14151.
Isaac, Tanguy & Piacquadio, Paolo Giovanni (2015). Equity and efficiency in an overlapping generation model. Social Choice and Welfare. ISSN 0176-1714. 44(3), s. 549–565. doi: 10.1007/s00355-014-0848-1.
Piacquadio, Paolo Giovanni (2014). Intergenerational egalitarianism. Journal of Economic Theory. ISSN 0022-0531. 153(1), s. 117–127. doi: 10.1016/j.jet.2014.06.001.
Piacquadio, Paolo Giovanni; Acocella, Nicola; di Bartolomeo, Giovanni & Hughes Hallett, Andrew (2014). Announcements as an equilibrium selection device. Oxford Economic Papers. ISSN 0030-7653. 66(1), s. 325–347. doi: 10.1093/oep/gpt002. Vis sammendrag
We address the coordination failures that arise in models with multiple equilibria and study how they may be resolved by reconsidering the role of cheap talk communication as an equilibrium selection device. We introduce an outside option (representing common-knowledge expected outcomes in the absence of coordination), and show that a player may be forced to make an announcement leading to a sub-optimal outcome with respect to the commitment solution (a binding message) in order to keep the message credible. The main contribution is to show, by means of examples taken from standard macro- and microeconomic decision making problems, how the existing tools of bargaining can be applied to models with multiple equilibria to produce sensible outcomes. The purpose is to provide a formal underpinning for methods that resolve multiple equilibrium problems by exploiting the power of policy announcements.
Piacquadio, Paolo Giovanni; Acocella, Nicola & di Bartolomeo, Giovanni (2009). Conflict of interests, (Implicit) Coalitions and Nash Policy Games. Economics Letters. ISSN 0165-1765. 105(3), s. 303–305. doi: 10.1016/j.econlet.2009.08.029. Vis sammendrag
By introducing the concepts of implicit coalitions and conflict of interests in a multiple-player context, this paper generalizes some theorems on policy invariance and equilibrium existence and uniqueness for LQ policy games.

Se alle arbeider i Cristin

Berg, Kristoffer & Piacquadio, Paolo Giovanni (2023). Fairness and Paretian Social Welfare Functions.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2023). Fairness and Paretian Social Welfare Functions.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2022). The equal-sacrifice social welfare function.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2021). The equal-sacrifice social welfare function.
Piacquadio, Paolo Giovanni (2021). On the theory of optimum income taxation.
Aaberge, Rolf; Mogstad, Magne & Piacquadio, Paolo Giovanni (2021). Linear and non-linear measures of inequality.
Aaberge, Rolf; Mogstad, Magne & Piacquadio, Paolo Giovanni (2021). Linear and non-linear inequality measures.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2021). The equal-sacrifice social welfare function.
Piacquadio, Paolo Giovanni & Berg, Kristoffer (2021). The equal-sacrifice social welfare function.
Piacquadio, Paolo Giovanni & Jonathan, Ho (2021). Intergenerational population ethics.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2020). The equal sacrifice social welfare function with an application to optimal income taxation. CESifo Working Papers. ISSN 1617-9595.
Piacquadio, Paolo Giovanni (2020). Poverty and Individual Responsibility. CESifo Working Papers. ISSN 1617-9595.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2020). The equal sacrifice social welfare function with an application to optimal income taxation.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2020). The equal sacrifice social welfare function with an application to optimal income taxation.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2020). The equal sacrifice social welfare function with an application to optimal income taxation.
Berg, Kristoffer & Piacquadio, Paolo Giovanni (2020). The equal sacrifice social welfare function with an application to optimal income taxation.
Piacquadio, Paolo Giovanni (2019). Optimal Taxation and the Equal-Sacrifice Social Welfare Function.
Piacquadio, Paolo Giovanni (2019). Optimal taxation and the Equal-Sacrifice Social Welfare Function.
Piacquadio, Paolo Giovanni (2019). Individual and social deprivation when choices matter.
Piacquadio, Paolo Giovanni (2019). Individual and social deprivation when choices matter.
Piacquadio, Paolo Giovanni (2019). PhD minicourse on Welfare Economics.
Piacquadio, Paolo Giovanni (2018). A theory of global justice.
Piacquadio, Paolo Giovanni (2018). The Measurement of Individual and Social Deprivation.
Piacquadio, Paolo Giovanni (2018). Social welfare with other-regarding preferences.
Piacquadio, Paolo Giovanni (2018). The ethics of intergenerational risk.
Piacquadio, Paolo Giovanni (2018). The Measurement of Individual and Social Deprivation.
Piacquadio, Paolo Giovanni (2018). The Measurement of Individual and Social Deprivation.
Piacquadio, Paolo Giovanni (2016). A Fairness Justification of Utilitarianism.
Piacquadio, Paolo Giovanni (2016). A Fairness Justification of Utilitarianism.
Piacquadio, Paolo Giovanni (2016). The Ethics of Intergenerational Risk.
Piacquadio, Paolo Giovanni (2016). A Fairness Justification of Utilitarianism.
Piacquadio, Paolo Giovanni (2016). A Fairness Justification of Utilitarianism.
Piacquadio, Paolo Giovanni (2015). Fair Intergenerational Utilitarianism: Risk, its resolution over time, and discounting.
Piacquadio, Paolo Giovanni (2015). A Lipsetian Theory of Institutional Change.
Piacquadio, Paolo Giovanni (2015). Intergenerational Fairness.
Piacquadio, Paolo Giovanni (2015). Reference-dependent (generalized) Utilitarianism: Risk, its Resolution over Time, and Discounting.
Piacquadio, Paolo Giovanni (2015). Reference Dependent (generalized) Utilitarianism: Risk, its Resolution over Time, and Discounting.
Piacquadio, Paolo Giovanni (2015). The Ethics of Intergenerational Risk.
Piacquadio, Paolo Giovanni (2015). An Ethical Approach to Utilitaranism.
Piacquadio, Paolo Giovanni (2014). Fair Intergenerational Utilitarianism: Risk, its Resolution over Time, and Discounting.
Piacquadio, Paolo Giovanni (2014). Fair Intergenerational Utilitarianism: Risk, its Resolution over Time, and Discounting.
Piacquadio, Paolo Giovanni (2014). Intergenerational Egalitarianism.
Piacquadio, Paolo Giovanni (2014). Fair Intergeneratinal Utilitarianism: Risk, Learning, and Discounting.
Piacquadio, Paolo Giovanni (2014). Fair Intergenerational Utilitarianism: Risk, its Resolution over Time, and Discounting.
Piacquadio, Paolo Giovanni (2014). Fair Intergenerational Utilitarianism: Risk, its Resolution over Time, and Discounting.
Piacquadio, Paolo Giovanni (2013). Ranking Intergenerational Allocations in Risky Environments.
Piacquadio, Paolo Giovanni (2013). Natural Resource, Human Capital, and Institutional Change.