SOCIETÀ ITALIANA DI DIRITTO ED ECONOMIA

2025 Conference Program - Catania

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Practicalities

  • For each paper in a parallel session there is a 30-minute slot (or 23 minutes in the case of sessions with 4 papers). This implies a presentation of about 20 minutes (18 minutes in the case of sessions with 4 papers) in order to leave 10 minutes (or 5 minutes in the case of sessions with 4 papers) for questions and comments from the audience.
  • It is possible (and recommended) to use slides. Please have both a ppt and pdf version uploaded to your USB stick.
  • The presentation might be made by all authors, but within the rule of maximum 20 (or 18) minutes per presentation.

Venue: Università degli Studi di Catania, Catania, Italy

Dec 11th, Thursday

16:00-16:30 Registration

16:30-16:45

Welcome address
Aula magna

  • Enrico Foti (Rector, Università degli Studi di Catania)
  • Giovanni Battista Ramello (University of Turin and President of the SIDE-ISLE)
  • Giuseppe Di Vita (Università degli Studi di Catania, chair of the session)

Parallel session A16:45-18:15

A1 Antitrust and Competition Law I

Aula 1

Session chair: Stefano Colombo

1
When Attention Fails: How Marketplaces are Transforming Digital Advertising
Svetlana Bovt (National Research University Higher School of Economics)
2
An Economic Analysis of Constitutional Breakdown
Massimiliano Marletta (University of Catania)
3
Poaching in collusion
Stefano Colombo (Università Cattolica del Sacro Cuore); Aldo Pignataro (ARERA)

A2 Contracts

Aula 2

Session chair: Fernando Gomez

1
Material change in circumstance, force majeure, and impossibility. A comparative law and economics evaluation of the impact of recent shocks on private contracting.
Paul Aubrecht (University of Passau ); Simon Karsunke (University of Passau )
2
Contracting-Out vs. In-House Providing: An Application of the Theory of Incomplete Contracts to the Italian Public Procurement Law
carlo carrera (MILAN)
3
Legal Remedies, Non-Conformities in Consumer Sales, and Vertical Differentiation
Fernando Gomez (Pompeu Fabra Barcelona); Juan-Jose Ganuza (Pompeu Fabra Barcelona); Adrian Segura (Pompeu Fabra Barcelona)

A3 Environmental Law

Aula 5

Session chair: Sera Lorenzini

1
When Green Turns Costly: The Fiscal Fallout of EU Waste Management Funds in Italian Municipalities
Claudia Cantabene (of Campania L. Vanvitelli); Anna Laura Baraldi (of Campania L. Vanvitelli); Alessandro de Iudicibus (of Campania L. Vanvitelli); Giovanni Fosco (Suor Orsola Benincasa); Iacopo Grassi (of Naples Federico II)
2
Carbon Pricing and Regional Innovation: An EU-ETS Assessment at the NUTS‑2 Level
Maurizio Lisciandra (Università di Roma LUMSA); Naomi Fagni (Università di Roma LUMSA)
3
Multi-stakeholder conflicts, subjective games, and new prospects for cooperation and new institutional arrangements in the Great Bear Rainforest
Sara Lorenzini (University of Trento); Virginia Cecchini Manara (University of Milan)

A4 Corporate Governance

Aula 6

Session chair: Lorenzo Sacconi

1
Institutional Investors and the Job Market: Do Firms Reduce Hiring Under Pressure?
María Gutiérrez Urtiaga (Universidad Carlos III de Madrid); Julia Kuznetsova (Universidad Carlos III de Madrid); Encarna Guillamón (Universidad Carlos III de Madrid)
2
Corporate Purpose and Commitment Issues
Fatjon Kaja (University of Amsterdam)
3
Stakeholders’ capabilities-as-entitlements: Sen’s capability approach and the new foundation of corporate governance
Lorenzo Sacconi (Università di Milano, Statale); Massmiliano Vatiero (Università di Trento); Magalì Fia (Università di Bologna )

Roundtable 18:15-19:00

"Teaching Law & Economics in Italy: a new Textbook"

Aula magna

Participants:

  • Giuseppe Bellantuono
  • Giuseppe Di Vita
  • Roberta Lombardi
  • Roberto Ippoliti
  • Alessandro Melcarne
  • Stefania Ottone
  • Giovanni B. Ramello
  • Giovanni Tuzet

Chair: Roberto Cellini (Università di Catania)

19:00 Welcome cocktail

Dec 12, Friday

Parallel session B09:00-10:30

B1 Theory of the Firm

Aula 1

Session chair: Rafael González-Val

1
Do Special Economic Zones Boost Employment? Evidence from a Meta-Analysis
Paolo Mustica (University of Messina); Michele Limosani (University of Messina); Emanuele Millemaci (University of Messina); Fabio Monteforte (University of Messina)
2
Firms’ Location Decisions and the Catalan Secessionist Conflict
Rafael González-Val (Universidad de Zaragoza)
3
Does bankruptcy reform affect the length of legal disputes? Empirical evidence from District Courts
Paolo Lorenzo Ferrara (Università di Catania); Giuseppe Di Vita (Università di Catania); Alessandra Patti (Università di Catania)

B2 Criminal Law I

Aula 5

Session chair: Lukasz Wieclawski

1
Retroactivity in Criminal Law
Gabriel Doménech-Pascual (University of Valencia); Fernando Peinado (Universidad Autónoma de Madrid)
2
How Much Algorithm is Too Much? Modeling Judicial Efficiency under Constraints
Salvatore Spagano (University of Catania); Maurizio Caserta (University of Catania); Massimiliano Marletta (University of Catania)
3
Day Fines in the Lens of the Rational Choice Approach: Actors, Incentives, and Strategic Interactions
Lukasz Wieclawski (Erasmus University Rotterdam)

B3 Law and Finance I

Aula 6

Session chair: Roberto Ippoliti

1
Who Bears the Liquidity Risk? Comparative Analysis of Bank Liquidity Supports to Non-Bank Financial Institutions
Xinyue Chen (University of Amsterdam)
2
European regulatory private law and sustainable development
Agnese Colucci (Università degli Studi di Roma "Tor Vergata")
3
Legal uncertainty and the cost of capital for SMEs: new insights from the Italian manufacturing industry
Roberto Ippoliti (Università del Piemonte Orientale); Giovanni Ramello (Università di Torino); Greta Falavigna (IRCrES-CNR)

B4 Economics of Social Norms

Aula 8

Session chair: Giorgia Mannaioli

1
Measuring the Unwritten: A Framework for Property Rights in Urban Informal Settlements
Virginia Cecchini Manara (Università di Milano); Martina Manara (University College London); Marco Faillo (Università di Trento)
2
Informal Institutions, Networks, and the Rule of Law: An Endogenous System
Elisa Flori (University of Trento); Nadia von Jacobi (University of Trento); Marco Faillo (University of Trento); Sara Lorenzini (University of Trento); Massimiliano Vatiero (University of Trento); Stefan Voigt (University of Hamburg)
10:30-11:00 Coffee break

Parallel session C11:00-12:30

C1 Law and Finance II

Aula 1

Session chair: Selçukhan Ünekbaş

1
A Market for Limes – The Information View on Green Banking Regulation
Edoardo Martino (University of Amsterdam); Katarzyna Parchimowicz (University of Wroclaw)
2
A Comparative Analysis of Startup Equity Compensation: Does Law Matter?
Casimiro A Nigro (University of Leeds, Law School); Yifat Aran (University of Haifa)
3
Beyond Rivalry: Expanding the Incentive Framework for Innovation
Selçukhan Ünekbaş (European University Institute)

C2 Antitrust and Competition Law III

Aula 2

Session chair: Grant Stirling

1
The Law and Economics of Art. 5(2) DMA: The Case of Meta
Karsten K. Zolna (Philipps-Universität Marburg)
2
How best to ensure the effective application of EU competition law to the professional sports sector
Grant Stirling (Edinburgh Napier University)
3
Outsourcing of Banking Services and economic dependence on Third Party Providers1
Francesca Altamura (Università di Bari)

C3 Criminal Law II

Aula 5

Session chair: Anna Rita Germani

1
The Silent Stranglehold: Quantifying Organized Crime’s Chilling Effect on Firm Efficiency and R&D
Carlo Migliardo (Università degli Studi di Messina); Antonio Fabio Forgione (Università degli Studi di Messina); Marco Spadaro (Università degli Studi di Messina)
2
Does income inequality affect illegal construction in Italy? Evidence from regional data
Anna Rita Germani (Sapienza University of Rome); Angelo Castaldo (Sapienza University of Rome); Alan Ker (Michigan State University )
3
The Mafia’s Economic Grip: Firm Efficiency and a Composite Indicator of Organized Crime
Antonio Fabio Forgione (University of Messina); Carlo Migliardo (University of Messina)

C4 Experimental Law

Aula 6

Session chair: Marco Faillo

1
Fool Me if You Want: A Laboratory Experiment on Greenwashing and Enforcement
Giorgio Dini (Università di Bologna)
2
Normative inference and ethical conservatism: evidence from a survey experiment
Marco Faillo (University of Trento); Cristina Bicchieri (University of Pennsylvania ); Katarína Čellárová (Faculty of Law, Charles University, Prague, Czech Republic); Laura Marcon (Institute of Cognitive Sciences and Technologies (ISTC-CNR), Rome, Italy)

C5 Cyber Law

Aula 8

Session chair: Umberto Nizza

1
Large Language Models, IP Infringement, and the Cost of Doing Business Across Borders: A Multidisciplinary approach for the use of copyright protected material in the market for artificial intelligence development.
Paul Aubrecht (University of Passau ); Steffen Herbold (University of Passau ); Anamaria Mojica Hanke (University of Passau )
2
GREEN RHETORIC, GREY REALITY: ALGORITHMIC DETECTION AND ESG OVERSIGHT IN FINANCIAL MARKETS
Umberto Nizza (University of Torino & Stanford University)
3
AI generated works or ‘computer-generated works’: a critique of Hong Kong’s proposed approach on copyright law to harness AI opportunities
Jojo YC Mo (Baptist University Hong Kong)
12:30-13:30 Lunch

Parallel session D13:30-15:00

D1 Philosophical and Methodological Foundations of Law

Aula 1

Session chair: Alessandro Tacconelli

1
The Multi-Layered Framework of Economic Goods – An Extended Economic Goods Framework Incorporating Property Rules, Liability Rules, and Externalities
Tabea Krauss (Erasmus University Rotterdam)
2
Constructing “Green” and its Affective Framing in European Mortgage Markets
Angelika Kaczmarek (Università di Genova); Giorgia Mannaioli (Università di Genova); Alessio Sardo (Genova)
3
The Rise of Machine Criminology: Towards a Theory of Criminal Behavior in AI Agents
Alessandro Tacconelli (ETH Zurich)

D2 Public Choice

Aula 2

Session chair: Antonio Scarpino

1
POLITICAL PARTICIPATION AS MUTUAL ADVANTAGE
Adriano Giuliani (LUMSA University); Giorgia Lucchini (Fondazione Luigi Einaudi)
2
Economic Democracy at Work: The Law and Economics of Co-Determination in Germany
Antonio Scarpino (University of Turin)
3
Measuring the Economic Credibility of States - Challenges Illustrated by the Rule of Law Dimension
Bartłomiej Biga (Cracow University of Economics)

D3 International Law

Aula 5

Session chair: Robert Rhee

1
A Theory of Calibrated Fiduciary Duties
Robert Rhee (University of Florida Levin College of Law)
2
Digital Trade, Data Protection and the EU Adequacy Club
Bernard Hoekman (European University Institute & CEPR); Filippo Santi (Università di Bologna); Martina Ferracane (Teesside University, European University Institute & LSE); Erik van der Marel (ULB)
3
Comparative Advantage and the Design of International Agreements: A Law and Economics Perspective on Treaties as Contracts
Massimiliano Marletta (University of Catania); Gaia Taiani (University of Catania)

D4 Litigation Process and Law Enforcement

Aula 6

Session chair: Paul Aubrecht

1
Private Information in Two-Dimensions: The Case of Malicious Plaintiffs
Shay Lavie (Tel Aviv University); Brishti Guha (Jawaharlal Nehru University)
2
Online Courts and the Expansion of Litigation
Huabing Li (University of Hamburg, University of Bologna, and Erasmus University Rotterdam)
3
Excessive precautions, risk aversion, and the costs of accidents.
Paul Aubrecht (University of Passau ); Joerg Fedtke (University of Passau )

D5 Torts

Aula 8

Session chair: Luigi Alberto Franzoni

1
Explainability matters: The effect of liability rules on the healthcare sector
Andrea Bertolini (Scuola Superiore Sant'Anna); Gianmarco Mengaldo (National University of Singapore); Elena Verona (Università di Pisa); Jiawen Wei (National University of Singapore)
2
The Economics of Evolutionary Programming
Barbara luppi (University of Modena and Reggio Emilia); Francesco Parisi (University of Minnesota)
3
Effcient liability law with costly insurance
Luigi Alberto Franzoni (University of Bologna)

Parallel session E15:00-16:30

E1 Administrative Law and Regulated Industries I

Aula 1

Session chair: Antonio Massarutto

1
The Costs of the Green Transition for SMEs: An Empirical Law & Economics Analysis of Greenwashing and Sustainability Certifications in Piedmont
nadia coggiola (Torino); Enrico Battisti (Torino); Maria Di Sarli (Torino); Chiara Giachino (Torino); Giulia Lippi (Torino); Riccardo Serafin (Torino); Luca Vernero (Torino); Enrica Vesce (Torino)
2
Is independent regulation needed in the municipal waste management industry? Evidence from the early experience of ARERA in Italy
Antonio Massarutto (University of Udine)
3
The Planning Game. Inclusion and Coordination in the Governance of Urban Regeneration Projects.
Eleonora Gregori Ferri (Università degli Studi di Milano)

E2 Philosophical and Methodological Foundations of Law

Aula 2

Session chair: Peter Cserne

1
Jürgen von Kempski as Philosopher of Law and Economics
Peter Cserne (University of Aberdeen)
2
Behavioural Insights in Criminal Law: Global Trends, Normative Challenges, and Emerging Frontiers
Silvia Zorzetto (Milan)
3
REMOTE CONTROL. ON PRECOMMITMENT AND CONSTITUTIONS
Giovanni Tuzet (Bocconi)

E3 Health Law and Economics

Aula 1

Session chair: Velizar Kirilov

1
The Outer Limits of Non-Consensual Patent Use Regimes and their Implications for Competitive Follow-On Innovation in Pharmaceuticals: A Comparative Perspective on Europe and the United States
Velizar Kirilov (European University Institute)
2
The Downsides of Liability Reforms in Healthcare: a game theoretical model of defensive medicine
Giacomo Maino (Università degli Studi di Milano)
3
Defensive Medicine and Legal Risk: A Game-Theoretic Analysis of Physician and Patient Behavior
Elena D'Agostino (University of Messina)

E4 Constitutional Law II

Aula 6

Session chair: Fabio Padovano

1
Economic consequences of respecting and violating constitutions revisited using a new set of indicators
Katarzyna Metelska-Szaniawska (University of Warsaw); Anna Lewczuk (University of Warsaw); Tymoteusz Mętrak (University of Warsaw)
2
Constitutional review of Acts of Parliament: the creation of a concentrated or a decentralized system for Netherlands
Laura Nagy (Tilburg University)
3
A THEORY OF THE CYCLICAL PRODUCTION OF LAWS AND DECREES
Fabio Padovano (Università Roma Tre)

E5 Economics of Institutions

Aula 8

Session chair: Karol Zdybel

1
Cooperative Banks and Crime: A Provincial-Level Analysis
Gianluca Cafiso (Università di Catania); Marco Ferdinando Martorana (Università di Catania)
2
When Engagement Is (Almost) Marriage: A Preliminary Economic Analysis of the Law of Moses on Betrothal
Nancy Wu (EDLE (University of Hamburg))
3
Coexistence of Retribution and Compensation in Early Law
Karol Zdybel (University of Hamburg)
16:30-17:00 Coffee break

Plenary session 1 17:00-18:00

Aula magna

  • Keynote 1
  • Prof. Paige Marta Skiba (Vanderbilt University) : "Heuristic Thinking in High-Interest Credit Markets"
  • Chair : Prof. Giovanni Battista Ramello

SIDE General Assembly 18:00-18:30

Aula magna

All SIDE members ("Soci") are invited to the meeting. All participants of the 2025 SIDE annual conference who have paid conference fees are SIDE members ("Soci").

Agenda

  1. Welcome by the President.
  2. Communications of the President.
  3. Report of the Treasurer.
  4. Communications of the secretary.
  5. Communications of the local organizers.
  6. Forthcoming SIDE conference candidates.
  7. Forthcoming SIDE initiatives.
  8. Any other business.
20:00 Social Dinner, [Venue TBD]

Dec 13, Saturday

Parallel session F09:00-10:30

F1 Intellectual Property

Aula 1

Session chair: Ondřej Woznica

1
Withdrawal of the Draft EU Regulation on Standard Essential Patents (SEPs) - a Missed Opportunity?
VALERIO TORTI (Edinburgh Napier University)
2
Fairness, consumer welfare and efficiency in digital copyright regulation: evidence from private ordering mechanisms under DSA and CDSM
Ondřej Woznica (Masaryk University); Andrej Kristofik (Masaryk University); Matej Myska (Masaryk University)

F2 Litigation Process and Law Enforcement II

Aula 2

Session chair: Shay Lavie

1
The (ever-)evolving meaning of sustainability: climate litigation as a cost allocator tool
Federico Riganti (University of Turin); Luca Vernero (University of Turin)
2
From Court to Policy: The Spillover Feature of Climate Litigation
Vittoria Iannuzzi (University of Turin)
3
Information-Signaling in Pre-Trial Bargaining: An Experiment
Shay Lavie (Tel Aviv University); Enya Turrini (Royal Holloway University of London); Alice Guerra (University of Bologna)

F3 Comparative Law I

Aula 5

Session chair: Giuseppe Bellantuono

1
Equity-Based Compensation in Start-Ups and Scale-Ups: A Comparative Regulatory Analysis of the USA, the UK, and Germany
Moritz Tilgner (Erasmus University Rotterdam / Alma Mater Studiorum - Università di Bologna / University of Hamburg)
2
Hunting and Using Causes in Law and Economics
Giuseppe Bellantuono (Università degli studi di Trento)

F4 Law and Economics of non-egoistic motivations

Aula 6

Session chair: Marta Nicolodi

1
Conformity Preferences and the Rawlsian Sense of Justice: Modeling and Experimental Evidence on Belief-Dependent Norm Compliance
Lorenzo Sacconi (Università di Milano, Statale); Virginia Cecchini Manara (University of Milan Statale ); Marco Faillo (Università di Trento )
2
Theatre Between Market, State Policies, and Cooperation: Insights from Law and Economics
Marta Nicolodi (University of Milan); Silvia Sacchetti (University of Trento)

F5 Philosophical and Methodological foundations of law and Economics

Aula 8

Session chair: Giorgia Lucchini

1
The soul of institutions. On Buchanan's "Afraid to be free"
Paolo Silvestri (University of Catania)
2
The Role of Social Norms in the Emergence of a Spontaneous Order
Giorgia Lucchini (LUMSA)
10:30-11:00 Coffee break

Plenary session 2 11:00-12:00

Aula magna

  • Keynote 2
  • Prof. Francesco Parisi (University of Minnesota & Università di Bologna) : "The Multiplication Effect of Third-Party Liability"
  • Chair : Giuseppe Di Vita
12:00-12:10 XIII "Brenno Galli" Award
12:00-13:00 Lunch

Parallel session G13:00-14:30

G1 Administrative Law and Regulated Industries II

Aula 1

Session chair: Roberta Lombardi

1
Rights of Access to Institutional information, what are the costs of awarding rights to Humans AND Machines?
Leonor Rossi (NovaSBE, Carcavelos,)
2
The Economic Doctrine of Judges: Antitrust and Regulatory Lessons from the U.S. Supreme Court and the CJEU
Kevin Armand LAURENT (EHESS/ENS Ulm/Paris Nanterre & Université Paris II Panthéon Assas)
3
Procedural Use of Algorithms and Administrative Liability: Quid Iuris?
Pietro Ambra (University of Messina)

G2 Behavioural Law

Aula 2

Session chair: Ludovica Sposini

1
Regulatory path dependence and compliance choices in European short-term rental apartments governance
Allegra Grillo (Università di Genova); Alessio Sardo (Università di Genova); Angelika Kaczmarek (Università di Genova); Arnulfo Daniel Mateos Durán (Università di Genova)
2
Behavioral Economics and Generative Artificial Intelligence in European Competition Law: Challenging Economic Models of Consumer Behavior
Ludovica Sposini (Scuola Superiore Sant'Anna)
3
Regulatory Information and Consumer Acceptance of Novel Foods: Evidence from a Survey Experiment (in Italy).
Giacomo Degli Antoni (University of Parma); Luca Cattani (University of Parma); Marco Faillo (University of Trento)

G3 Comparative Law II

Aula 5

Session chair: Paul Aubrecht

1
Judicial ineffectiveness and its impact on economic (non)development
Massimiliano Marletta (University of Catania); Sergio Dino (University of Rotterdam)
2
Cryptogatekeepers as a Response to Conflicts in Decentralized Finance
Vanessa Villanueva Collao (Bocconi University)
3
AI Regulation: A Comparison of Centralized and Decentralized Approaches in Federal Systems.
Paul Aubrecht (University of Passau ); Mitja Kovac (University of Ljubljana )

G4 Social Justice

Aula 6

Session chair: Giulia Maria Servida

1
Law 215/2012 and female voter turnout: Does Educational Distance Matter?
Gaia Taiani (University of Catania)
2
Business, Human Rights and Social Justice: The role of ESG in implementing the sustainable development goals
Ana Ribeiro (Universidad de Salamanca)
3
An economic perspective on regulating neurotechnologies
Giulia Maria Servida (Università degli Studi di Milano)