publications

G. Bottazzi, F. Cordoni, G. Livieri, and S. Marmi Uncertainty in firm valuation and a cross-sectional misvaluation measure Annals of Finance, 2023. DOI

G. Bottazzi, T. Kang, and F. Tamagni Persistence in firm growth: inference from conditional quantile transition matrices Small Business Economics, 2022. DOI

G.Bottazzi and D. Giachini A general equilibrium model of investor sentiment Economics Letters, 2022. DOI

G. Bottazzi and D. Giachini STRATEGICALLY BIASED LEARNING IN MARKET INTERACTIONS Advances in Complex Systems, 2022. DOI

G. Bottazzi On the Pareto Type III Distribution Frontiers in Physics, 2022. DOI

G. Bottazzi and P. Dindo Drift criteria for persistence of discrete stochastic processes on the line Journal of Mathematical Economics, 2022. DOI

G. Bottazzi, P. Dindo and D. Giachini Momentum and reversal in financial markets with persistent heterogeneity Annals of Finance, Volume 15, Issue 4, pp 455-487 October, 2019 DOI

G. Bottazzi and D. Giachini Far from the Madding Crowd: Collective Wisdom in Prediction Markets Special Issue on "AI and Machine Learning in Finance", Quantitative Finance, Volume 19, Issue 9, pp 1461-1471, 2019. DOI

G. Bottazzi, L. Li and A. Secchi Aggregate fluctuations and the distribution of firm growth rates Industrial and Corporate Change, Volume 28, Issue 3, June 2019, pp 635–656. DOI

G. Bottazzi and D. Giachini Betting, Selection, and Luck: A Long-Run Analysis of Repeated Betting Markets Entropy 21(6), 585, June, 2019. DOI

G. Bottazzi, P. Dindo and D. Giachini Long-run Heterogeneity in an Exchange Economy with Fixed-Mix Traders Economic Theory, Volume 66, pp 407-447, August 2018 DOI

G. Bottazzi and D. Giachini Wealth and price distribution by diffusive approximation in a repeated prediction market Physica A, Volume 471, pp 473-479, 1 April 2017 DOI

G. Bottazzi, U. Gragnolati and F. Vanni Non-linear externalities in firm localization Regional Studies, Volume 51, Number 8, pp 1138-1150, 2017 DOI

S. Bianchini, G. Bottazzi and F. Tamagni What does (not) characterize persistent corporate high-growth? Small Business Economics, Volume 48, Issue 3, pp 633–656 March 2017 DOI

G. Bottazzi, D. Pirino and F. Tamagni Zipf law and the firm size distribution: a critical discussion of popular estimators, Journal of Evolutionary Economics 25 (3), 585-610, February 2015. DOI

G. Bottazzi and U. Gragnolati Cities and clusters: economy-wide and sector-specific effects in corporate location, Regional Studies 49 (1), 113-129, 2015 DOI

G. Bottazzi and M. Grazzi, Dynamics of productivity and cost of labor: Evidence from Italian manufacturing firms, Bulletin of Economic Research, Volume 66, Issue 777, pp. 55-73, January 2014. DOI

G. Bottazzi and P. Dindo, Evolution and market behavior with endogenous investment rules, Journal of Economic Dynamics & Control, Volume 48, pp.121–146, September 2014. DOI

G. Bottazzi, A. Secchi, F. Tamagni, Financial Constraints and Firm Dynamics, Small Business Economics, Volume 42, Issue 1, pp 99-116, January 2014. DOI

G. Bottazzi and P. Dindo, Globalizing knowledge: how technological openness affects output, spatial inequality and welfare levels, Journal of Regional Science, Volume 53, Issue 4, pages 631–655, October 2013. DOI

G. Bottazzi and P. Dindo, Evolution and market behavior in economics and finance: introduction to the special issue, Journal of Evolutionary Economics, Volume 23, Issue 3, pp 507-512, July 2013. DOI

G. Bottazzi and P. Dindo, Selection in asset markets: the good, the bad, and the unknown, Journal of Evolutionary Economics, Volume 23, Issue 3, pp 641-661, July 2013. DOI

G. Bottazzi and A. Secchi Productivity, profitability and growth: the empirics of firm dynamics, Structural Change and Economic Dynamics, Volume 23, Issue 4, pp. 325–328, December 2012. DOI

M. Anufriev and G. Bottazzi Asset Pricing with Heterogeneous Investment Horizons, Studies in Nonlinear Dynamics & Econometrics, Volume 16, Issue 4, October 2012. DOI

M. Anufriev, G. Bottazzi, M. Marsili and P. Pin Excess Covariance and Dynamic Instability in a Multi-Asset Model, Journal of Economic Dynamics and Control, 36(8), pp.1142-1161, 2012. DOI

G. Bottazzi and F. Tamagni Big and fragile: when size does not shield from defaults, Applied Economics Letters, 18(14), pp. 1401-1404, 2011. DOI

G. Bottazzi and A. Secchi A New Class of Asymmetric Exponential Power Densities with Applications to Economics and Finance, Industrial and Corporate Change, 20(4), pp. 991-1030, 2011. download

G. Bottazzi, M. Grazzi, A. Secchi, F. Tamagni, Financial and Economic Determinants of Firm Default, Journal of Evolutionary Economics, 21(3), pp. 373-406, 2011. download

G. Bottazzi, G. Devetag, F. Pancotto Does volatility matter? Expectations of price return and variability in an asset pricing experiment, Journal of Economic Behavior & Organization, 77, pp. 124-146, 2011

G.Bottazzi, A.Coad, N.Jacoby and A.Secchi Corporate growth and industrial dynamics: evidence from French manufacturing, Applied Economics, 43 (1), pp.103-116, 2011

G.Bottazzi, G.Dosi, N.Jacoby, A.Secchi and F. Tamagni Corporate performances and market selection. Some comparative evidence, Industrial and Corporate Change, 19(6), pp. 1953-1996, 2010.

M. Anufriev and G. Bottazzi, Market Equilibria under Procedural Rationality, Journal of Mathematical Economics, 46 (6), pp. 1140–1172, 2010

G.Bottazzi and M.Grazzi, Wage-size relation and the structure of work-force composition in Italian manufacturing firms, Cambridge Journal of Economics, Volume 34, Number 4 pp. 649-669, 2010

G.Bottazzi, On the Irreconcilability of Pareto and Gibrat Laws, Physica A, 388, 7, pp. 1133-1136, 2009

G. Bottazzi, G. Fagiolo, G.Dosi and A. Secchi Sectoral and Geographical Specificities in the Spatial Structure of Economic Activities Structural Change and Economic Dynamics, 19, pp. 189-202, 2008

G. Bottazzi, A. Secchi and F. Tamagni Productivity, Profitability and Financial Performance, Industrial and Corporate Change, 17, pp.711-751, 2008

G. Bottazzi On the relationship between firms' size and growth rate Economics Bulletin, vol. 3, issue 8, pages 1-7, 2008

G. Bottazzi, G. Fagiolo, G.Dosi and A. Secchi Modeling Industrial Evolution in Geographical Space Journal of Economic Geography, 7, pp. 651-672, 2007

G.Bottazzi, E.Cefis, G.Dosi and A.Secchi Invariances and Diversities in the Evolution of Italian Manufacturing Industry Small Business Economics, 29, pp. 137-159, 2007

G.Bottazzi and G.Devetag Competition and Coordination in Experimental Minority Games Journal of Evolutionary Economics, 17, pp. 241-275, 2007

G.Bottazzi and A.Secchi Gibrat's Law and Diversification Industrial and Corporate Change, 15, pp. 847-875, 2006

M.Anufriev, G.Bottazzi and F.Pancotto Equilibria, Stability and Asymptotic Dominance in a Speculative Market with Heterogeneous Agents Journal of Economic Dynamics and Control, 30, pp. 1787-1835, 2006

G.Bottazzi and A.Secchi Explaining the Distribution of Firms Growth Rates Rand Journal of Economics, 37, pp. 234-263, 2006

G.Bottazzi, M.Grazzi and A.Secchi Characterizing the Production Process: A Disaggregated Analysis of Italian Manufacturing Firms Rivista di Politica Economica, I-II,pp. 243-270, 2005

G.Bottazzi and A.Secchi Growth and Diversification Patterns of the Worldwide Pharmaceutical Industry Review of Industrial Organization, 26, pp. 195-216, 2005

G.Bottazzi, M.Grazzi and A.Secchi Input Output Scaling Relations in Italian Manufacturing Firms Physica A, 355, pp. 95-102, 2005

G.Bottazzi, S.Sapio and A.Secchi Some Statistical Investigations on the Nature and Dynamics of Electricity Prices Physica A, 355, pp. 54-61, 2005

G.Bottazzi, G.Dosi and I.Rebesco Institutional Architectures and Behavioral Ecologies in the Dynamics of Financial Markets Journal of Mathematical Economics, vol. 41, pp. 197-228, 2005

G.Bottazzi, A.Secchi Common Properties and Sectoral Specificities in the Dynamics of U.S. Manufacturing Companies Review of Industrial Organization, vol. 23, pp. 217-232, 2003

G.Bottazzi, A.Secchi Why are distributions of firm growth rates tent-shaped ? Economic Letters vol. 80 pp.415-420, 2003

G.Bottazzi, G. Devetag A Laboratory Experiment on the Minority Game Physica A vol. 324 pp. 124-132, 2003

G.Bottazzi, A. Secchi A Stochastic Model of Firm Growth Physica A vol. 324 pp. 213-129, 2003

G.Bottazzi, G.Devetag, G.Dosi Adaptive learning and emergent coordination in minority games Simulation Modeling Practice and Theory, 10, 321-347 (2002)

G.Bottazzi, E.Cefis, G.Dosi Corporate Growth and Industrial Structure. Some Evidence from the Italian Manufacturing Industry Industrial and Corporate Change vol. 11, pp. 705-723, 2002

G.Bottazzi, G.Dosi and G.Rocchetti Modes of Knowledge Accumulation, Entry Regimes and Patterns of Industrial Evolution Industrial and Corporate Change 10,3 (2001)

G.Bottazzi, G.Dosi, M.Lippi, F.Pammolli, M.Riccaboni Innovation and Corporate Growth in the Evolution of the Drug Industry International Journal of Industrial Organization 19 (2001) pp.1161-1187

G.Bottazzi, G.Marchesini, G.P.Salam, M.Scorletti, Small x one particle inclusive quantities in the CCFM approach Journal of High Energy Physics 12 (1998) 011

G. Bottazzi, G. Marchesini and M. Scorletti, Final State Properties in QCD Branching Processes at Small x Nuclear Physics B (Proc. Suppl.) 51C (1996) 250

G. Bottazzi, G. Marchesini, G.P. Salam, M. Scorletti, Structure functions and angular ordering at small x Nuclear Physics B 505 (1997) p. 366 (hep-ph, 1997)

Andrea Antico, Giulio Bottazzi, and Daniele Giachini On the Evolutionary Stability of the Sentiment Investor in David Bourghelle, Pascal Grandin, Fredj Jawadi, and Philippe Rozin (eds.) Behavioral Finance and Asset Prices, Springer, 2023 DOI

G.Bottazzi and A.Secchi Financial fragility and the distribution of firm growth rates in A.M. Ferragina, E. Taymaz and K. Yilmaz (eds) “Innovation, Globalization and Firm Dynamics: Lessons for Enterprise Policy”, 2013

G.Bottazzi and P.Dindo An evolutionary model of firms location with technological externality in R.A.Boschma and R.Martin (eds.) "Handbook on Evolutionary Economic Geography", Edward Elgar, Cheltenham, 2010

G.Bottazzi and S.Sapio Power Exponential Price Returns in Day-ahead Power Exchanges in A. Chatterjee and B. K. Chakrabarti (eds) "Econophysics of Markets and Business Networks", New Economic Windows, Springer Verlag, Berlin, 2007

G.Bottazzi, M. Grazzi e A. Secchi Characterizing the Production Process: A Disaggregated Analysis of Italian Manufacturing Firms in M. Malgarini and G. Piga (eds) "Capital Accumulation, Productivity and Growth", Palgrave Macmillan, New York, 2006

G.Bottazzi and A. Secchi Self-reinforcing Dynamics and the evolution of business firms in A.Pyka and and H.Hanusch (eds.) "Applied Evolutionary Economics and the Knowledge-Based Economy", Edward Elgar, Cheltenham, 2006

G. Bottazzi, G Dosi, and G. Fagiolo On Sectoral Specificities in the Geography of Corporate Location in Breschi, S. and Malerba, F. (Eds.) "Clusters, networks and innovation", Oxford University Press, Oxford, U.K., 2006

M. Anufriev and G. Bottazzi Noisy Trading in the Large Market Limit Lecture Notes in Economics and Mathematical Systems, Issue 564, Springer-Verlag, Berlin, 2006

G. Bottazzi, F. Pammolli and A. Secchi The Dynamics of Growth and Diversification of the Large Pharmaceuticals Companies in Mazzucato M. and Dosi G. (Eds.) "Knowledge accumulation and industry evolution: the case of pharma-biotech", Cambridge University Press, Cambridge, U.K., 2005.

M. Anufriev, G. Bottazzi and F. Pancotto Speculative Equilibria and Asymptotic Dominance in a Market with Adaptive CRRA Traders in Abbot, D., Bouchard, J.P., Gabaix, X., and McCauley, J.L. "Noise and Fluctuations in Econophysics and Finance" SPIE Conference Proceedings, vol. 5848, SPIE, WA, 2005

G.Bottazzi, M. G. Devetag Expectations structure in asset pricing experiments Lecture Notes in Economics and Mathematical Systems, Issue 550, pp.11-26, Springer Verlag, Berlin, 2005

G.Bottazzi, M. G. Devetag Coordination and Self-Organization in Minority Games: Experimental Evidence Lecture Notes in Economics and Mathematical Systems, Issue 531, pp. 283-302, Springer-Verlag, Berlin, 2003

G.Bottazzi A Simple Micro-Model of Market Dynamics, Lecture Notes in Economics and Mathematical Systems, Volume 531, pp. 213-228, Springer-Verlag, Berlin, 2004 DOI

G.Bottazzi, G.Devetag, G.Dosi Adaptive Coordination and Aggregate Efficiency in Minority Games in R.Cowan and N.Jonard Eds. "Heterogeneous Agents, Interactions and Economic Performance" Lecture Notes in Economics and Mathematical Systems 521, Springer Verlag, Berlin, 2003

G.Bottazzi, G.Fagiolo, G.Dosi On the ubiquitous nature of the agglomerations economies and their limits in A. Quadro Curzio and M. Fortis eds. ``Complexity and Industrial Cluster'', Physica-Verlag, Heidelberg, 2001

F.Cernuschi, N.Ludwig, P.Teruzzi and G.Bottazzi /A critical analysis and possible modifications of two analytical model for defects sizing using Video Pulse Thermography/ in D.Balageas, G.Busse and G.M.Carlomagno Eds. "Quantitative Infrared Thermography" Akademickie Centrum Graficzno-Marketingowe Lodart S.A. (Lodz Polland 1999).

G. Bottazzi, G. Marchesini and M. Scorletti, Coherence and Final States in DIS at Small x in "Deep Inelastic Scattering and Related Phenomena", Proceedings of the DIS96 Conference, G. D'Agostini and A. Nigro editors, World Scientific (Singapore 1997).

G. Bottazzi, Angular ordering and structure function at small x Proceedings of the 5th Topical Seminar on ``The Irresistible Rise of the Standard Model'', San Miniato, Italy, 21-25 April 1997 (hep-ph, 1997).

G.Bottazzi and U.Gragnolati Città e distretti: effetti generali e settoriali nella localizzazione di impresa, l'industria, 4, 2011, pp. 577-613.

G.Bottazzi and M.Grazzi Dinamiche della produttività e del costo del lavoro nelle imprese manifatturiere italiane in Produttività e cambiamento nell'industria italiana, a cura di L. Rondi e F. Silva, il Mulino, Bologna, 2009.

G.Bottazzi, E. Santarelli Startup in corsia preferenziale, Sole 24 Ore, 2007.

G.Bottazzi, E.Cefis, G.Dosi e A.Secchi Crescita dell'impresa e struttura industriale: evidenze empiriche sull'industria manifatturiera italiana in Eterogeneita' degli agenti economici ed interazione sociale: teorie e verifiche empiriche, a cura di D. Delli Gatti e M. Gallegati, Il Mulino, Bologna, 2003.

G.Bottazzi, G.Fagiolo, G.Dosi Sulla onnipresenza delle economie di agglomerazione e le loro diverse determinanti: alcune note in A. Quadro Curzio and M. Fortis (a cura di) ``Complessita' e distretti industriali: dinamicge, modelli, casi reali'', Il Mulino Collana della Fondazione Edison, Bologna 2002, pp. 265-298