# publications

## Table of Contents

## Articles in Referred Journals

G. Bottazzi, P. Dindo and D. Giachini *Momentum and reversal in
financial markets with persistent heterogeneity* Annals of Finance,
forthcoming. 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)

## Articles in Referred Proceedings and Collections

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).

## in Italian

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