Italian Association of Environmental and Resource Economists

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1 Conference Programme Italian Association of Environmental Second Annual Conference, February 2014 University of Milan

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3 Welcome Milan, February 13 th 2014 Dear Participant, It is a great pleasure for us to welcome you to Milan for the 2nd Conference of the Italian Association of Environmental. The Conference is hosted by the Department of Economics, Management and quantitative Methods (DEMM) of the University of Milan. The Conference takes place at the University headquarters in the very center of Milan, between via Festa del Perdono and via Sant Antonio. Our program is rich: 13 parallel sessions will introduce the 50 accepted papers out of the about 100 submitted. All were of high quality which resulted in a very competitive and challenging selection process. We are also particularly glad to present two very distinguished key note speakers: Anna Alberini, Professor at the University of Maryland, Department of Agriculture and Resource Economics, and Simon Dietz, Co- Director of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics. At the end of the first Conference day, the General Assembly of IAERE Members will take place. We warmly encourage you to participate and let your opinions and suggestions be heard. Furthermore, we invite you to join us at the conference dinner on Thursday evening and enjoy with us the sight of Milan s skyline by night. This Conference has been made possible by the generous contributions of the University of Milan, the University s Department of Economics Management and Quantitative Methods, Fondazione AEM, and DISEIS, Department of International, Institutional and Development Economics of the Catholic University of Milan. Moreover, the Municipality of Milan granted its support to the Conference. Special thanks are due to all those who have contributed to this event by providing logistical, organizational and technical assistance before and during the event. We hope you will appreciate the programme and the presentations, take this great opportunity to meet and exchange ideas with other IAERE fellows. Thank you for your participation, The Organizing Committee Francesco Bosello, University of Milan, FEEM and CMCC Valentina Bosetti, Bocconi University, FEEM and CMCC Marzio Galeotti (Chair), University of Milan Roberto Zoboli, Catholic University of Milan

4 How to reach the Conference venue The Conference is organised in two different buildings, located at less than 5-minute walking distance: Palazzo Greppi (registration, plenary sessions, lunch and coffee breaks) Via S. Antonio, Milano University of Milan Headquarters (parallel sessions: Rooms 102, 104, 109, 11) Via Festa del Perdono 7, Milano Palazzo Greppi Via S. Antonio, 12 - Milano Palazzo Greppi is located in Milan city centre, 600m away from the Duomo, and therefore it can be easily reached on foot University of Milan Headquarters Via Festa del Perdono 7 - Milano The University of Milan headquarters are less than a five-minute walk from Palazzo Greppi Wi-Fi Connection Palazzo Greppi: connect to the wireless network "unimi-convegni". No password is needed. University Hedquarters: no wi-fi connection is available.

5 Programme Overview February 13th 2014 February 14th 2014 IAERE Council Meeting* Registration Opening Ceremony Parallel Session 1 Coffee Break Plenary Session Anna Alberini General Assembly of Members Conference Dinner Parallel Session 2 Coffee Break Plenary Session Simon Dietz Closing Ceremony Lunch Parallel Session 3 * on invitation only

6 Plenary Keynote Lectures Thursday, February 13, Do Car Markets Reward Fuel Efficiency? Evidence from the Swiss and Other Car Markets Anna Alberini, College of Agricultural and Resource Economics, University of Maryland and Fondazione Eni Enrico Mattei FEEM Chair: Marzio Galeotti, University of Milan Anna Alberini is a professor in the Department of Agricultural and Resource Economics at the University of Maryland, College Park and an affiliate researcher with FEEM, Venice. She received her PhD in Economics from the University of California at San Diego. Alberini is an environmental and energy economist. Her environmental economics research focuses on non-market valuation, and especially on the estimation and valuation of environmental health effects. She also studied the response of regulated parties to environmental regulation, hazardous waste regulations and the effects of contamination on housing and neighborhood. Her energy economics work aims at estimating residential energy demand and its determinants, residential energy efficiency investments, and behavioral aspects of energy demand and use, including the use of information. Her papers have appears in Energy Economics, the Energy Journal, the Review of Economics and Statistics, the Journal of Environmental Economics and Management, Environmental and Resource Economics, and Ecological Economics, among others. Friday, February 14, Climate Change Mitigation as Catastrophic Risk Management Simon Dietz, Co-Director, Grantham Research Institute on Climate Change and the Environment, London School of Economics Chair: Francesco Bosello, University of Milan, Euro-Mediterranean Center on Climate Change (CMCC) and Fondazione Eni Enrico Mattei - FEEM Simon Dietz is one of the founders and is a current Co-Director of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science (LSE), where is he also Director of the Centre for Climate Change Economics and Policy, and Associate Professor in the Department of Geography and Environment. Simon is an environmental economist with diverse interests, from climate change to biodiversity and from decision theory to growth theory. As an undergraduate he studied Environmental Science at UEA Norwich and ETH Zürich, before completing an MSc and PhD at LSE in environmental policy and economics. In he was an analyst at the UK Treasury on the Stern Review on the Economics of Climate Change, and played a leading role in the Review s controversial modelling of the cost of inaction. He sits on the editorial board of the Journal of Environmental Economics and Management and is a Principal for the consultancy Vivid Economics.

7 Full Programme Rooms 102, 104, 109, 111 are located in Via Festa del Perdono 7 Sala Napoleonica is located in Palazzo Greppi, Via San Antonio 12 FEBRUARY 13 th :00 11:00 IAERE COUNCIL MEETING 13:30-14:30 REGISTRATION - Palazzo Greppi 14:30-14:45 OPENING CEREMONY Sala Napoleonica (palazzo Greppi) 15:00-17:00 PARALLEL SESSIONS 1 15:00-17:00 Green Innovation and transitions - ROOM 102 Chair: Riccardo Leoncini, University of Bologna The Greener the Better: Job Creation and Environmentally-Friendly Technological Change Caterina Miriello: IEFE - Università Bocconi Co-Author(s): Luisa Gagliardi, Giovanni Marin SMEs and Barriers to Eco-Innovation: A Proposed Taxonomy Alberto Marzucchi: Catholic University of Milan Co-Author(s): Giovanni Marin, Roberto Zoboli The dark side of ecoinnovation. The role of invention and diffusion in the energy efficiency technologies Alessandro Palma: Roma Tre University Co-Author(s): Valeria Costantini, Giovanni Marin Environmental innovations and firm s boundaries: evidence from two ecological industries in North East Italy Riccardo Leoncini: University of Bologna Co-Author(s): Sandro Montresor, Francesco Rentocchini

8 15:00-17:00 Environmental and climate change impact assessment ROOM 104 Chair: Simone Borghesi, University of Siena The effect of climate shock on labor income: evidence from US counties Giuseppe Maggio: LUISS Guido Carli University Assessing Vulnerability to Landslides in Italy Caterina De Lucia: University of Foggia Co-Author(s): Claudia Ceppi, Dino Borri Migration and climate change in rural Africa Emanuele Massetti: Fondazione Eni Enrico Mattei - FEEM Co-Author(s): Cristina Cattaneo FDI, environmental externalities and capital segmentation in a poor rural economy Simone Borghesi: University of Siena Co-Author(s): Angelo Antoci, Paolo Russua, Elisa Ticci 15:00-17:00 Instruments and effects of environmental policies ROOM 109 Chair: Alessio D amato, University of Rome Tor Vergata The Carbon Bubble Climate Targets in a Fire-Sale Model of Deleveraging Alessandro Spiganti: University of Edinburgh Co-Author(s): David Comerford A quantitative assessment of the implications of including non-co2 emissions in the European ETS Carlo Orecchia: Fondazione Eni Enrico Mattei - FEEM, Euro-Mediterranean Center on Climate Change - CMCC Co-Author(s): Ramiro Parrado On Emissions Trading Taxation and Market Power Alessio D Amato: University of Rome, Tor Vergata Co-Author(s): Edilio Valentini, Mariangela Zoli

9 15:00-17:00 Ecosystems and biodiversity ROOM 111 Chair: Caterina Gennaioli, London School of Economics How valuable are ecosystem services provided by Alpine landscapes? Paola Sabina Lupo Stanghellini: The European Academy of Bozen/Bolzano (EURAC) Co-Author(s): B. Zoderer, E. Tasser, U. Tappeiner Biodiversity and Child health: evidence from Tanzania Marcella Veronesi: University of Verona and ETH Zurich Co-Author(s): Stefania Lovo, and Jonas Hilty Accounting for ecosystem services. The case of Water Purification in the EU-27 Alessandra La Notte: University of Torino Co-Author(s): Silvana Dalmazzone Ethnic Diversity and Deforestation: Evidence from Indonesia Caterina Gennaioli: London School of Economics Co-Author(s): Stefania Lovo 17:00 17:30 COFFEE BREAK (Palazzo Greppi) 17:30-18:30 PLENARY SESSION: Do Car Markets Reward Fuel Efficiency? Evidence from the Swiss and Other Car Markets Sala Napoleonica (Palazzo Greppi) Prof. Anna Alberini, University of Maryland Chair: Marzio Galeotti, University of Milan 18:30-19:30 IAERE GENERAL ASSEMBLY OF MEMBERS 20:30-22:30 CONFERENCE DINNER

10 FEBRUARY 14 th :00-11:00 PARALLEL SESSIONS 2 9:00-11:00 Green Innovation and transitions ROOM 102 Chair: Giovanni Marin, CERIS-CNR Is green knowledge improving environmental performances? Sectoral Evidence from Italian Regions Claudia Ghisetti: University of Bologna Co-Author(s): Francesco Quatraro The effects of environmental regulation and technological position: a patent data analysis on environmental automotive patenting activity. Nicolò Barbieri: University of Bologna Are Regional systems greening the economy? The role of environmental innovations and agglomeration forces Davide Antonioli: University of Ferrara Co-Author(s): Simone Borghesi, Massimiliano Mazzanti The emission disease in services Giovanni Marin: CERIS-CNR Co-Author(s): Roberto Zoboli 9:00-11:00 Environmental and climate change impact assessment ROOM 104 Chair: Enrica De Cian, Fondazione Eni Enrico Mattei - FEEM Assessing the economic general equilibrium effects of Sea Level Rise in the Italian Regions Gabriele Standardi: Fondazione Eni Enrico Mattei - FEEM and Euro- Mediterranean Center on Climate Change (CMCC) Co-Author(s): Fabio Eboli A Ricardian Analysis of the Impact of Climate Change on Italian Agriculture Martina Bozzola: Graduate Institute (IHEID) and Centre for International Environmental Studies (CIES) Geneva Co-Author(s): Fabian Capitanio; Emanuele Massetti, Robert Mendelsohn Assessing economic impacts of a flood event using spatial and computable general equilibrium modelling

11 Lorenzo Carrera: Fondazione Eni Enrico Mattei - FEEM, Euro-Mediterranean Center on Climate Change - CMCC Co-Author(s): G. Standardi, F. Bosello, F. Farinosi, J. Mysiak, F. Eboli Future vulnerability of sectoral electricity demand to temperature and humidity changes. A global analysis. Enrica De Cian: Fondazione Eni Enrico Mattei - FEEM Co-Author(s): Ian Sue Wing 9:00-11:00 Instruments and effects of environmental policies ROOM 109 Chair: Giacomo Marangoni, Fondazione Eni Enrico Mattei - FEEM, Euro-Mediterranean Center on Climate Change CMCC and Politecnico di Milano Green Tariffs and Household Electricity Consumption: an Agent-Based Simulation Vito Frontuto: University of Torino Co-Author(s): Silvana Dalmazzone Taxing Carbon under Market Incompleteness Marco Maffezzoli: Bocconi University Co-Author(s): Valentina Bosetti Limiti dell efficacia del sistema di responsabilità ambientale europeo: i risultati di un indagine Tiziana Cianflone: Institute for Environmental Protection and Research (ISPRA) The Optimal Energy Mix in Power Generation and the Contribution from Natural Gas in Reducing Carbon Emissions to 2030 and Beyond Giacomo Marangoni: Fondazione Eni Enrico Mattei - FEEM, Euro- Mediterranean Center on Climate Change CMCC and Politecnico di Milano Co-Author(s): Carlo Carraro, Massimo Tavoni, Thomas Longden 9:00-11:00 Risk and Uncertainty ROOM 111 Chair: Edilio Valentini, University G. D'Annunzio of Chieti-Pescara Regional disaggregation and uncertainty: Disentangling preferences and and risk sharing Johannes Emmerling: Fondazione Eni Enrico Mattei - FEEM Collective risk management: prevention and risk sharing Maddalena Ferranna : Toulouse School of Economics

12 Robust selection of climate policies under current knowledge of uncertainties Laurent Drouet: Fondazione Eni Enrico Mattei - FEEM, Euro-Mediterranean Center on Climate Change - CMCC Co-Author(s): Valentina Bosetti, Massimo Tavoni Optimal Climate Policy for a Pessimistic Social Planner Edilio Valentini: Italian National Institute of Statistics (ISTAT) Co-Author(s): Paolo Vitale 9:00-11:00 Energy markets and accounting Sala Napoleonica, Palazzo Greppi Chair: Federico Pulselli, University of Siena Oil Market and Long-term Scenarios: a Nash-Cournot Approach Fabio Sferra: Fondazione Eni Enrico Mattei - FEEM Rockets and Feathers: A Forecasting Assessment Andrea Bastianin: University of Milan and Fondazione Eni Enrico Mattei - FEEM Co-Author(s): Marzio Galeotti, Matteo Manera Including the effects of trade in national GHG balances: an alternative computation method F. M. Pulselli: University of Siena Co-Author(s): Simone Borghesi, Dario Caro 11:00-11:45 COFFEE BREAK - Palazzo Greppi 11:45-12:45 PLENARY SESSION: Climate Change Mitigation as Catastrophic Risk Management Sala Napoleonica, Palazzo Greppi Prof. Simon Dietz: The London School of Economics and Political Science Chair: Francesco Bosello, University of Milan, Fondazione Eni Enrico Mattei - FEEM and Euro-Mediterranean Center on Climate Change - CMCC 12:45-13:00 CLOSING CEREMONY 13:00 14:30 LUNCH Palazzo Greppi

13 14:30-16:30 PARALLEL SESSIONS 3 14:30-16:30 Green Innovation and transitions ROOM 102 Chair: Valentino Marini Govigli, University Of Ioannina Innovation benefits from nuclear phase-out: Can they compensate the costs? Samuel Carrara: Fondazione Eni Enrico Mattei - FEEM Co-Author(s): Enrica De Cian, Massimo Tavoni What drives Italian electricity price? The role of renewables Clò Stefano: University of Milan Co-Author(s): Cataldi Alessandra, Zoppoli Pietro 2E-MeMo-It: an Energy-Environment-Macro Model for the Italian economy Fabio Bacchini: Italian National Institute of Statistics (ISTAT) Co-Author(s): Cecilia Jona-Lasinio, Roberto Golinelli The economics of green economy transition at a city-scale: can low carbon and energy efficient development approaches be extended to urban resources efficiency? Valentino Marini Govigli: University Of Ioannina Co-Author(s): Corrado Topi 14:30-16:30 Sustainability and growth ROOM 104 Chair: Ignazio Musu, Ca' Foscari University of Venice The structural shift to green services: A two-sector growth model with public capital and open-access resources Emanuele Campiglio: London School of Economics and Political Science The natural resource curse: empirical analysis from Basilicata case Alice Giorgio: Fondazione Eni Enrico Mattei - FEEM Productivity growth with natural capital and bad outputs Vera Zipperer, Organisation for Economic Co-operation and Development (OECD) Economic Analysis, Sustainability and Environmental Commons Ignazio Musu, Ca' Foscari University of Venice

14 14:30-16:30 Instruments and effects of environmental policies ROOM 109 Chair: Stefano F. Verde, European University Institute, Climate Policy Research Unit An Agent Based Model to simulate an inter-basin water market in the Segura and Tagus interconnected River Basins in Spain Carlos Dionisio Pérez-Blanco: Fondazione Eni Enrico Mattei - FEEM and Euro- Mediterranean Center on Climate Change (CMCC) Co-Author(s): Christophe Viavattene Environmental Efficiency in Waste Management: an Empirical Analysis of Italian Municipalities Matteo Ferraris: University of Milan Co-Author(s): Alessandro Manello How Effective Are Energy-Efficiency Incentive Programs? Evidence from Italian Homeowners Andrea Bigano: Fondazione Eni Enrico Mattei - FEEM Co-Author(s): Anna Alberini, Alex Egorenkov Replacing Italy's RES-E surcharge with a carbon tax: A macroeconometric analysis Stefano Verde: European University Institute, Climate Policy Research Unit Co-Author(s): Maria Grazia Pazienza 14:30-16:30 Behaviour - 2 ROOM 111 Chair: Mariangela Zoli, University of Rome Tor Vergata Waste sustainability and crime in decentralized environments. Illegal disposal, territorial enforcement and local policy Massimiliano Mazzanti: University of Ferrara Co-Author(s): Alessio D'Amato, Francesco Nicolli, Mariangela Zoli Projection Bias in household investment? The case of solar photovoltaic in Germany Stefan Lamp: European University Institute Local environmental preferences and waste management and disposal in Italy Anna Montini: University of Bologna Co-Author(s): Massimiliano Mazzanti I Wish I Did Not Know: Can Personal Values and Environmental Knowledge Explain Waste Related Intentions and Behaviors? Mariangela Zoli: University of Rome Tor Vergata Co-Author(s): Alessio D'Amato, Susanna Mancinelli

15 About IAERE The Italian Association of Environmental (IAERE) is a national scientific association which aims to: to contribute to the development and application of environmental and resource economics as a science in Italy; to encourage and improve communication between teachers, researchers and students in environmental and resource economics; to develop and encourage the cooperation between university level teaching institutions and research institutions in Italy; to make available to institutions research results and encourage their application; to develop and encourage cooperation among companies, trade unions and environmental NGOs. The Association accomplishes its aims mainly by organizing conferences, meetings, panels. The main Association s activity is its Annual Conference, inaugurated in 2013 at the University of Ferrara. IAERE s website serves as platform for exchange regarding events, open positions and other useful information in the field of Environmental and Resource Economics in Italy and beyond. IAERE was founded in 2012, and is based in Venice. Its members are mainly from Italy, from academic institutions, the public sector, and the private industry. Membership is open to individuals who by their profession, training and/or function are involved in environmental and resource economics as a science, and to institutions which operate in fields connected with the aims of the Association. IAERE website: IAERE Institutional members Standard Institutional Members Fondazione Eni Enrico Mattei FEEM University Institutional Members University of Rome Tor Vergata, Department of Economics and Finance - DEF, Venice International University VIU IAERE is grateful to Institutional Members for their support.

16 This Conference has been made possible by the generous contributions of: University of Milan University of Milan, Department of Economics, Management, and Quantitative Methods (DEMM) eng.demm.unimi.it/ecm/home Fondazione Aem Research Centre in Economic Analysis, Catholic University of Milan - CRANEC Department of International, Institutional and Development Economics, Catholic University of Milan - DISEIS dipartimenti.unicatt.it/economia_internazionale_istituzioni_sviluppo

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