355:, Scandizzo introduced a method for solving computable general equilibrium (CGE) models using linear programming, adaptable to market controls and distortions, and suitable for both general and non-general equilibrium scenarios. The insights and techniques from this article have been further developed in subsequent works, some of which are documented in a volume (co-edited with Federico Perali), "The New Generation of Computable General Equilibrium Models: Modeling the Economy." This book discusses the evolution of CGE models, covering their theory, applications, methodological advancements, and case studies. In subsequent contributions, the same authors have presented an analysis that integrates Dynamic Stochastic General Equilibrium (DSGE) models with Computable General Equilibrium (CGE) models to evaluate policy interventions and explore economic-environmental trade-offs, emphasizing capital dynamics and scarcity indicators for sustainable development.
310:, Scandizzo assessed how rational expectations in agricultural production affect market efficiency under risk, demonstrating that competitive market equilibria can be simulated in sector wide mathematical programming models, and illustrated these concepts using a linear programming model for a subsector in Mexico. He also presented a method for solving agricultural sector models under risk to achieve competitive outputs and prices, by using a quadratic programming problem and suggesting linearization techniques for practical solutions. In further studies, conducted in collaboration with Odin Knudsen, published in the
343:, he explored the theoretical aspects of climate change adaptation, distinguishing between adaptation and adaptability, advocating strategies to enhance adaptive capacity as crucial capital and contingent wealth. He presented a new method for making robust policy decisions under high uncertainty, using option value techniques to identify economically beneficial choices across different scenarios, demonstrated through a pilot exercise in Campeche.
214:. He later served as Senior Advisor to the President of the Parliamentary Budget Committee, and to the Minister of the Budget, eventually being appointed as President of the Italian Institute for Economic Planning. His contributions also extended to positions on the National Planning Board and the Governing Board of the
285:, reporting on a study on the genesis and impact of the pandemic on the global economy. Both in the book and related studies, he has addressed the new One Health paradigm, considering health as a peculiar common good, a global resource that intersects human behavior and social choices in a complex and pervasive way.
330:
Scandizzo originated innovations in option theory, applying the concept of value of waiting under uncertainty to various types of non-standard transactions, such as concessions, carbon trading, extortions, and imitators-innovators interaction. In a series of studies co-authored with Odin
Knudsen and
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Scandizzo examined the significant effects of government market interventions on agricultural efficiency, trade, investment, employment, and income distribution in developing countries, using various methodologies across six country case studies. Alongside Colin Bruce and Ernst Lutz, he found that
225:
in 1987, before moving in 1989 to the
University of Rome Tor Vergata, where he held the chair of Economics and Financial Policy until 2012. He was the Director of the Centre for Economic and International Studies (CEIS). He has been a member of the Governing Board of the Tor Vergata Foundation, a
321:
discussing how farmers' decisions influence agricultural market efficiency through price-yield correlation in forecasts, proposing policies like production quotas and price stabilization to address market inefficiencies. Additionally, he analyzed risk attitudes among small farm owners and
229:
Scandizzo is a co-founder and board member of the
International Consortium of Applied Bioeconomy Research (ICABR), as well as the co-founder of OpenEconomics and President of its affiliate OpenEconomics International, a consultancy group specializing in economic policy and project design.
274:, Scandizzo reported on a study employing mind games techniques to assess how subsistence farmers in Northeast Brazil respond to the pervasive uncertainties of their environment. Building on his research findings in the area, he published other articles and the volume
278:. This book encapsulated the findings of his research project and farm level surveys in the region, exploring its agricultural challenges and opportunities, and evaluating the effects of policies on productivity, sustainability, and rural development.
331:
Marco
Ventura, he introduced the concept of liability option, defined as the liability counterpart of the usual waiting option, which arises when the exercise of a real option on the part of its holder implies a threat for a different party.
293:
Cost-benefit analysis is a central theme in much of
Scandizzo's research and contributions to professional practices. He has developed and applied methodologies that enhance the accuracy and reliability of economic evaluations.
314:, as well as in other journals, he explored the possibility of incorporating social demand and supply in cost-benefit analysis, by taking into account of externalities, but remaining within the framework of a market economy.
303:
government intervention in agricultural commodity markets in developing countries often heavily taxes the sector, discourages production, subsidizes consumption, and negatively impacts foreign exchange earnings.
96:, Member of the Expert Committee of the Council of the Economy and Labor (CNEL), Scientific Director of OpenEconomics, and President of OpenEconomics International. He was a Senior Economic Advisor at the
686:
431:
Diakosavvas, D., & Scandizzo, P. L. (1991). Trends in the terms of trade of primary commodities, 1900-1982: the controversy and its origins. Economic
Development and Cultural Change, 39(2), 231–264.
100:, in addition to holding positions as Professor of Economic and Financial Policy and Research Center Director at the University of Rome Tor Vergata and President of the Salerno Savings Bank Foundation.
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250:, and the evaluation of risk and uncertainty. Throughout his career, he has published books and reports on the economic growth and development of several countries and regions of the world such as
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Hazell, P. B. R., & Scandizzo, P. L. (1974). Competitive demand structures under risk in agricultural linear programming models. American
Journal of Agricultural Economics, 56(2), 235–244.
226:
branch of the university. He is a member of the advisory board of the foundation, presiding over an international research program and the Villa
Mondragone Development Association activities.
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171:
Scandizzo joined the World Bank in the Bank
Development Research Center in 1972, and he has been involved with the organization since then. During this time, he has led research programs in
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Dillon, J. L., & Scandizzo, P. L. (1978). Risk attitudes of subsistence farmers in
Northeast Brazil: A sampling approach. American Journal of Agricultural Economics, 60(3), 425–435.
969:
464:
322:
sharecroppers in Brazil using choice experiments, finding that most subsistence farmers are risk-averse, with variations influenced by income levels and other socioeconomic factors.
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1041:
746:"The agricultural economy of Northeast Brazil: Gary P. Kutcher and Pasquale L. Scandizzo. Johns Hopkins University Press for the World Bank, 1981, 271 pp. Price: £ 18·75"
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Lutz, E., & Scandizzo, P. L. (1980). Price distortions in developing countries: A bias against agriculture. European Review of Agricultural Economics, 7(1), 5-27.
443:
Scandizzo, P. L., & Knudsen, O. K. (2024). The New Normalcy and the Pandemic Threat: A Real Option Approach. Journal of Risk and Financial Management, 17(2), 72.
419:
Hazell, P. B. R., & Scandizzo, P. L. (1975). Market intervention policies when production is risky. American Journal of Agricultural Economics, 57(4), 649–682.
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Scandizzo, P. L., & Knudsen, O. (2010). Risk and regulation compliance with tradable permits under dynamic uncertainty. European Journal of Law and Economics.
428:
Scandizzo, P. L., & Knudsen, O. K. (1980). The evaluation of the benefits of basic need policies. American Journal of Agricultural Economics, 62(1), 46–57.
210:
as a Senior Economic Advisor. He took on governmental roles in Italy, starting as Director of a task force aimed at implementing cost-benefit analysis within
135:
Prize by the Italian Association of Development Economists (SocietĂ Italiana di Economia dello Sviluppo), of which he is also a member and past President.
434:
Scandizzo, P. L., & Knudsen, O. (1996). Social supply and the evaluation of food policies. American Journal of Agricultural Economics, 78(1), 137–145.
163:, obtaining an MS in Agricultural and Resource Economics in 1970 and a PhD with a thesis on international capital movement and economic growth in 1972.
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215:
339:
Scandizzo emphasized the importance of understanding and developing methods to mitigate the effects of climate change on the economy. In the book
97:
440:
Scandizzo, P. L., & Ventura, M. (2010). Sharing risk through concession contracts. European Journal of Operational Research, 207(1), 363–370.
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206:. From 1975 to 1987, he served as Senior Economist and Research Coordinator at the World Bank. During this period, he was also seconded to the
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984:"DSGE vs CGE Models: Modelling Sustainable Development in a Computable General Equilibrium Context"
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928:"Environmental liability and research and development in biotechnology: a real options approach"
760:"Chapter 10 - Bioeconomy, biodiversity, and the human footprint: A new 'One-Health' perspective"
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PhD in Agriculture and Resource Economics: International Capital Movement and Economic Growth
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191:, focusing on their economic policies and strategies and offering policy recommendations.
687:"When Good Conservation becomes Good Economics : Kenya's Vanishing Herds (English)"
198:, the findings of which laid the groundwork for the World Bank's investment program in
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900:"Risky Agricultural Markets: Price Forecasting and the Need for Intervention Policies"
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858:"Competitive Demand Structures under Risk in Agricultural Linear Programming Models"
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Risky Agricultural Markets: Price Forecasting and the Need for Intervention Policies
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Risky Agricultural Markets: Price Forecasting and the Need for Intervention Policies
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701:"The Ocean economy in Mauritius : making it happen, making it last (English)"
392:
The New Generation of Computable General Equilibrium Models: Modeling the Economy
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The New Generation of Computable General Equilibrium Models: Modeling the Economy
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732:"Risk Attitudes of Subsistence Farmers in Northeast Brazil: A Sampling Approach"
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586:"Indonesia - Recent developments, short-term prospects and development issues"
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2023 – Jean-Paul Fitoussi Prize, Italian Association of Development Economists
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projects. His publications comprise research articles and books, including
844:"Farmers' Expectations, Risk Aversion, and Market Equilibrium under Risk"
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Together with Peter B.R. Hazell and Jock Anderson, Scandizzo co-authored
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Scandizzo is most known for his work in economic and social evaluation,
830:"Price distortions in developing countries: A bias against agriculture"
600:"Resistance to innovation and economic dependence in Northeast Brazil"
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816:"Methodologies for measuring agricultural price intervention effects"
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572:"Risk in market equilibrium models for agriculture [Mexico]"
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Adapting to Climate Changes: How to evaluate Strategies and Projects
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Adapting to Climate Changes: How to Evaluate Strategies and Projects
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In collaboration with Vincenzo Atella, Scandizzo published the book
942:"Adapting to climate change: how to evaluate programs and projects"
885:
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558:"Central African Republic - Structural Adjustment Program Project"
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84:, academic and author. He is a Senior Economic Consultant for the
774:"Valutare l'incertezza: l'analisi costi-benefici nel 21. secolo"
270:
In an article co-authored with John Dillon and published in the
238:
Scandizzo has contributed to the field of economics by studying
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In an article co-authored with Roger Norton and published in
970:"A computable class of general equilibrium models (English)"
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in 1965 and a Specialization in Economics in 1967 from the
872:"The Evaluation of the Benefits of Basic Need Policies"
802:"Impact and cost–benefit analysis: a unifying approach"
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The COVID-19 Disruption and the Global Health Challenge
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The COVID-19 Disruption and the Global Health Challenge
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The COVID-19 Disruption and the Global Health Challenge
956:"Climate Change Adaptation and Real Option Evaluation"
92:, Senior Fellow of The Tor Vergata Foundation of the
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Academic staff of the University of Rome Tor Vergata
914:"Innovation and imitation as an interactive process"
544:"International capital movement and economic growth"
482:"Pasquale Lucio Scandizzo, Consigliere del Ministro"
886:"Social Supply and the Evaluation of Food Policies"
58:
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25:
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715:"Green and Inclusive Growth in Yucatan Peninsula"
788:"Economic Evaluation in an Age of Uncertainty"
90:International Renewable Energy Agency (IRENA)
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1027:International Renewable Energy Agency people
276:The Agricultural Economy of Northeast Brazil
221:Scandizzo began his academic career at the
312:American Journal of Agricultural Economics
308:American Journal of Agricultural Economics
272:American Journal of Agricultural Economics
121:The Agrictural Economy of Northeast Brazil
98:Ministry of Economics and Finance in Italy
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1042:University of California, Berkeley alumni
516:"Google Scholar–Pasquale Lucio Scandizzo"
52:MS in Agricultural and Resource Economics
380:The Agrarian Economy of Northeast Brazil
266:Economic development and policy analysis
1037:University of Naples Federico II alumni
645:"Fondazione Tor Vergata–Advisory Board"
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499:"Tor Vergata–Pasquale Lucio Scandizzo"
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347:Computable general equilibrium models
248:computable general equilibrium models
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194:Scandizzo led a research project in
335:Climate change and economic policy
161:University of California, Berkeley
67:University of California, Berkeley
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1017:Italian male non-fiction writers
631:"CIES–Scandizzo Pasquale Lucio"
298:Risk and uncertainty evaluation
216:Italian Institute of Statistics
94:University of Rome Tor Vergata
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212:Italian Public Administration
306:In a study published in the
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465:"Pasquale Lucio Scandizzo"
406:(2023) ISBN 978-0443185762
400:(2019) ISBN 978-0367286156
394:(2018) ISBN 978-3319585321
388:(2010) ISBN 978-3639117844
382:(1980) ISBN 978-0801825814
179:, and countries including
131:. He was awarded the 2023
234:Research and publications
159:. He later attended the
88:, Senior Advisor of the
75:Pasquale Lucio Scandizzo
20:Pasquale Lucio Scandizzo
113:sustainable development
223:University of Cagliari
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289:Cost benefit analysis
149:Agricultural Sciences
109:cost-benefit analysis
44:Agricultural Sciences
240:economic development
153:University of Naples
63:University of Naples
143:Scandizzo earned a
1007:Italian economists
353:Operation Research
208:Italian Government
133:Jean-Paul Fitoussi
47:Specialization in
1022:World Bank people
673:"Impact Analysis"
530:"SITES–Structure"
411:Selected articles
359:Awards and honors
260:Yucatán Peninsula
105:impact assessment
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258:, and the
86:World Bank
256:Mauritius
189:Indonesia
139:Education
82:economist
49:Economics
36:Education
246:theory,
79:Italian
30:Italian
187:, and
185:Mexico
181:Brazil
173:Africa
167:Career
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