Foto del docente

Flavio Delbono

Full Professor

Department of Economics

Academic discipline: SECS-P/01 Economics

Director of First Cycle Degree in Economics and Finance

Curriculum vitae

Born: September, 17th, 1959 (Sabbioneta, Italy)



Bachelor degree in Economics, University of Parma (Italy), 1982

D. Phil. in Economics, University of Siena (Italy), 1987

D. Phil. in Economics, University of Oxford (UK), 1988


Awards and studentships

Ministry of Budget Thesis Award (1983)

Italian Ministry of Education (1983-86)

Linacre College (Oxford) Domus Studentship (1985-86)

Fondazione Jona Scholarsip (1985-87)

British Council Scholarship (1985)



Academic Positions

1986-89: Lecturer of International Economics, Dickinson College of Bologna

1987-2008: Professorial Lecturer of International Economics and Statistics (and member of the Academic Council 2003-09), Johns Hopkins University Bologna Center

1987-92: Lecturer of Economics, University of Verona (Italy)

1992-96: Associate Professor of Economics, University of Bologna

1996-97: Professor of Economics, University of Modena (Italy)

1997-10 Professor of Economics, University of Bologna

2000-10 On leave

2010- Professor of Economics, University of Bologna

2018- Director of MUEC (University Master in Economics of Cooperation), University of Bologna

2020- Coordinator of the Bachelor degree in "Economics and Finance"



Other research experiences

1992: Research Fellow, London School of Economics

1992-2000: C.E.P.R. Research Fellow

1992: I.C.E.R (Turin, Italy) Research Fellow

1994: Visiting Professor at Brown University (USA)

1998: International Visitor in the USA (USIA)


Other Activities

1995-99: Deputy Mayor for Budget, City of Bologna 

2000-09: Deputy President for Budget (and Vice-president since 2003), Region Emilia-Romagna

2008-09: President of the Lisbon Regions Network

2009-10: Mayor of the City of Bologna


Publications (selection)

1. "On the Determination of Effective Demands in Benassy's Model", ECONOMIC NOTES, 1985, vol. 14, pp. 115-20.

2. (with G. De Fraja) "Oligopoly, Public Firm and Welfare Maximization: A Game-Theoretic Approach", GIORNALE DEGLI ECONOMISTI E ANNALI DI ECONOMIA, 1987, vol. 46, pp. 417-35.

3. "Welfare Consequences of Declining Costs in Asymmetric Duopolies", ECONOMIC NOTES, 1988, vol. 17, pp. 69-74.

4.  (with G. De Fraja) "Alternative Strategies of a Public Enterprise in Oligopoly", OXFORD ECONOMIC PAPERS, 1989, vol. 41, pp. 302-11.

5. "Market Leadership with a Sequence of History Dependent Patent Races", JOURNAL OF INDUSTRIAL ECONOMICS, 1989, vol. 38, pp. 95-101.

6. "Endogenous Market Competition in Technologically Asymmetric Duopolies", INTERNATIONAL REVIEW OF ECONOMICS AND BUSINESS, 1989, vol. 36, pp. 723-8.

7. (with V. Denicolò) "Asymmetric Equilibria in a Dynamic Model of R & D", ECONOMIC NOTES, 1989, vol. 18, pp. 192-209.

8. "Patterns  of Technological Leadership: A Simple Model with Uncertainty", METROECONOMICA, 1989, vol. 40, pp. 257-77.

9. "An Asymmetric Race of R & D with Market Uncertainty", ECONOMIC NOTES, 1990, vol. 19, pp. 297-302.

10. (with V. Denicolò) "R & D  Investment  in a Symmetric and Homogeneous Oligopoly": Bertrand Vs Cournot", INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 1990, vol. 8, pp. 297-313.

11. (with  G. De Fraja)  "Game Theoretic Models of Mixed Oligopoly", JOURNAL OF ECONOMIC SURVEYS, 1990, vol. 4, pp. 1-17. 

12. (with G. Basevi and V. Denicolò) "International Monetary Cooperation under Tariff Threats", JOURNAL OF INTERNATIONAL ECONOMICS, 1990, vol. 28, pp. 1-23.

13. (with V. Denicolò) "Incentives to Innovate in a Cournot Oligopoly", QUARTERLY JOURNAL OF ECONOMICS, 1991, vol. 106, pp. 951-61.

14. (with V. Denicolò)  "Races of Research and Development between Firms with Different  Incentives to  Innovate", RECHERCHES  ECONOMIQUES  DE  LOUVAIN, 1991, vol. 57, pp. 103-23.

15. (with G. Rossini) "A Mixed Firm Objective Function: Some Bizarre Behaviour", ECONOMIC NOTES, 1992, vol. 21, pp. 444-9.

16. (with G. Rossini)  "Competition  Policy Vs. Horizontal Merger with Private, Public, and Cooperative Firms", JOURNAL OF COMPARATIVE ECONOMICS, 1992, vol. 16  pp. 226-40.

17. "Privatization and Liberalization in Labour-Managed Industries: A Simple  Welfare Analysis", JOURNAL OF INTERNATIONAL AND COMPARATIVE ECONOMICS, 1992, vol. 1, pp. 325-33.

18.  (with V. Denicolò) "Regulating Innovative Activity: The Role of a Public Firm", INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 1993, vol. 11, pp. 35-48.

19.  "Market Structure and Innovation: A Reassessment ", RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI,  1993, vol. 101, pp. 275-92.

20. (with G. Basevi and M. Mariotti) "Bargaining  with a  Composite  Player: An Application to the Uruguay Round of GATT", JOURNAL OF INTERNATIONAL AND COMPARATIVE ECONOMICS, 1994, vol. 3, pp. 161-74.

21. (with C. Scarpa) "Upward Sloping Reaction Functions under Quantity Competition in Mixed Oligopolies", BULLETIN OF ECONOMIC RESEARCH, 1995, vol. 47, pp. 341-6.

22. (with V. Denicolò and C. Scarpa), "Quality Choice in a Vertically Differentiated Mixed Duopoly", ECONOMIC NOTES, 1996, vol. 25, pp. 33-46.

23. (with V. Denicolò) "Monopoly, Competition, and the Speed of R & D", INTERNATIONAL REVIEW OF ECONOMICS AND BUSINESS, 1999, vol. 46, pp. 35-43.

24. (with D. Lanzi) "A Class of Human Development Indices", RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI, 2005, n. 113, pp. 537-51.

25. (with D. Lanzi) "Poverty and the Atkinson BI/FRT Model: A Note", INTERNATIONAL REVIEW OF ECONOMICS AND BUSINESS, 2007, vol. 54,  pp. 80-5.

26. (with D. Lanzi) "Human Development in the EU". RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI,  2008, vol. 116, pp.  321-31.

27. (with D. Lanzi) "Co-production and Reversed Cream-skimming in Quasi-markets", RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI, 2012, vol. 120, pp. 201-14.

28. (with C. Reggiani) "Cooperative firms and the crisis: evidence from some Italian mixed oligopolies", ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, 2013, vol. 84, pp. 383-97.

29. (with L. Lambertini) "Cartel Size and Collusive Stability with Non-Capitalistic Players", ECONOMICS LETTERS, 2014, vol. 125, pp. 156-9. 

30. (with L. Lambertini), "On the Properties of Linear Supply Functions in Oligopoly", ECONOMICS LETTERS, 2015, vol. 136, 22-4.

31. (with L. Lambertini), “Bertand Vs Cournot with Convex Variable Costs”, ECONOMIC THEORY BULLETIN, 2016, vol. 4, pp 73-83.

32. (with L. Lambertini) "Horizontal Mergers with Capital Adjustment: Workers’ Cooperatives and the Merger Paradox", ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, 2016, vol. 87, pp. 529-39.

33. (with L. Lambertini) "Nationalization as Credible Threat against Collusion", JOURNAL OF INDUSTRY, COMPETITION AND TRADE, 2016, vol. 16, pp. 127-36.

34. (with L. Lambertini and L. Marattin), “Strategic Delegation under Cost Asymmetry”, OPERATIONS RESEARCH LETTERS, 2016, 44, pp. 443-5.

35. (with L. Lambertini) "Ranking Bertand, Cournot and Supply Function Equilibria in Oligopoly", ENERGY ECONOMICS, 2016, vol. 60, pp. 73-8.

36. (with G. Dipoppa, L. Lambertini and C. Reggiani) “A Single Espresso, Please! Rationalizing Espresso Price Dispersion across Italian Cities”, JOURNAL OF INDUSTRY, COMPETITION AND TRADE, 2017, vol. 17, pp. 465-78.

37. (with L. Lambertini) “Cournot Conjectures under Price Competition”, INTERNATIONAL JOURNAL OF ECONOMIC THEORY, 2018, vol. 14, pp. 295-301.

38. (with L. Lambertini) “The Socially Efficient Firms’ Mix in a Duopoly with Environmental Externalities”, in K. Onishi (ed.), Firms’ Strategic Decisions: Theoretical and Empirical Findings, vol. 3, Bentham Science, Sharjah, 2018, pp. 59-68.

39. (with. L. Lambertini) “Folk Theorems for a Class of Additively Separable Games”, MATHEMATICAL SOCIAL SCIENCES, 2018, vol. 92, pp. 10-5.

40. (with L. Lambertini) "Choosing Roles under Supply Function Competition", ENERGY ECONOMICS, 2018, vol. 71, pp. 83-8.

41. (with G. Bellettini, P. Karlstroem and S. Pastorello) “Income Inequality and Banking Crises: Testing the Level Hypothesis Directly”, JOURNAL OF MACROECONOMICS, 2019, vol. 62.

42. (with L. Lambertini) "On the Collusive Nature of Managerial Contracts Based on Comparative Performance", RESEARCH IN ECONOMICS, 2020, vol. 74, pp. 12-18.

43. (with L. Lambertini) "Innovation and Product Market Concentration: Schumpeter, Arrow and the Inverted-U Shape Curve", 2022, OXFORD ECONOMIC PAPERS, vol. 74, pp. 297-311.

44. (with L. Lambertini) "Optimal Emission Taxation and the Porter Hypothesis under Bertrand Competition", 2022, ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, vol. 92, pp. 755-65.

45. (with G. Caselli and M. Costa) "What Do Cooperative Firms Maximize, if at All? Evidence from Emilia-Romagna in the pre-Covid Decade", ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, 2022, vol. 93, pp. 821-47.

46. (with L. Lambertini), “Innovation and the persistence of monopoly under diseconomies of scope or scale”, JOURNAL OF INDUSTRIAL AND BUSINESS ECONOMICS, 2022, vol. 49, pp. 747-57.

47. (with M. Costa and F. Linguiti), “Cooperative Movement and Prosperity across Italian Regions”, ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS, 2023, vol. 94, pp. 475-94.

48. (with M. Costa), “The Italian Geography of Regional Resilience: The Role of Cooperative Firms”, SOCIAL ENTERPRISE JOURNAL, 2023.

49. (with D. Lanzi and C. Reggiani), “Workers’ Firm in Mixed Duopoly”, ECONOMIC MODELLING, 2023, vol. 122, 106247.

50. (with L. Lambertini), “Stackelberg Leadership and Strategic Delegation under Hyperbolic Demand”, ECONOMICS LETTERS, 2023, vol. 224, pp. 1-4.

51. (with C. Reggiani and L. Sandrini), “Strategic data sales to competing firms”, JRC Digital Economy Working Paper 2021/05, European Commission.